DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-4,Issue-5 ( May, 2018 ) | |||||||||
Paper Title |
Infrastructure and Institutions as Part of the Economic Growth Process: Results from a Dynamic Panel Approach | |||||||||
Author Name |
Yitagesu Zewdu Zergawu | |||||||||
Affilition |
Universitat Rovira i Virgili, Departament d'Economia and CREIP | |||||||||
Pages |
38-41 | |||||||||
Abstract |
This study revisits the ongoing debate on the e ect of infrastructure investment on long-run economic growth. We strongly argue that the productivity of the infrastruc-ture investment depends the institutional frameworks. This paper improves on the methodology by conducting system-GMM estimations for a panel of 221 countries. The results suggest in the countries where there is a better institutional quality there is a positive correlation between infrastructure investment and economic growth. In particular, the study show that there is a positive and robust correlation between infrastructure investment and economic growth in countries with a well established democratic system and "good" regulations. Keywords - Infrastructure; institutions; economic growth; investment; quality. JEL classi cation: H54, F20 | |||||||||
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