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Impact Of Infrastructure On Economic Growth: A Panel Data Approach Using Pmg Estimator, Esra Kabaklarli, Fatih Mangir, Bansi Sawhney
Impact Of Infrastructure On Economic Growth: A Panel Data Approach Using Pmg Estimator, Esra Kabaklarli, Fatih Mangir, Bansi Sawhney
International Review of Business and Economics
Growth theory asserts that infrastructure investments promote economic growth by improving the quality of life and increasing private sector productivity . Transport services, water utility services and telecommunication services provide better facilities to attract FDI (foreign direct investment) and increase productivity across sectors. The aim of this article is to analyze whether transport infrastructure investments have a strong effect on the economic growth. It also attempts to analyze the differential impact of each type of infrastructural spending on economic growth. Our data set covers annual data from 1993 to 2015 period for 15 OECD countries (Austria, Turkey, Czech Republic, Spain, …