Download The Contributions of Infrastructure to Economic Development PDF Books
By:"Christine Kessides"
Published on 1993-01-01 by World Bank Publications
This paper reviews the linkages between infrastructure and economic development based on both formal empirical research and informal case studies. The main thesis is that economic benefits result from investments in infrastructure only to the extent that they generate a sustainable flow of services valued by consumers. Thus, an analysis of infrastructures' contributions to growth must look at the impacts of services as actually perceived, not at indirect indicators that measure only aggregate provision of infrastructure capital. The paper notes that macro and industry level research , although having its limitations, suggest a positive and statistically significant relationship between infrastructure and economic output. However the conclusions derived from this research (most of which derives from developed countries) provide little specific guidance for policy. To gain more practical insights about how infrastructure contributes to economic growth and to improved quality of life, and to understand the welfare costs of inadequate or unreliable infrastructure, it is necessary to look at microeconomic evidence. Particularly interesting illustrations of these relationships are to be found in developing countries where there is wide variance in the availability and quality of infrastructure.
This Book was ranked 38 by Google Books for keyword Economics Development Book.
Download The Contributions of Infrastructure to Economic Development PDF Books Free
Download The Contributions of Infrastructure to Economic Development PDF Free
Download The Contributions of Infrastructure to Economic Development Books Free
Download The Contributions of Infrastructure to Economic Development Free
Download The Contributions of Infrastructure to Economic Development PDF
Download The Contributions of Infrastructure to Economic Development Books
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