Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109426 
Year of Publication: 
2011
Series/Report no.: 
ADB Economics Working Paper Series No. 294
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper provides a comprehensive overview of the issues, policies, and political economy of infrastructure investment, and a review of empirical literature of the relationship between growth and infrastructure. Empirical estimations using the growth accounting framework for a panel of 123 economies confirm that while infrastructure contributes to growth, the extent of the contribution generally varies according to the level of income of countries. Telecommunications are most important for low-income countries, while transportation and energy are the most relevant for middle-income and high-income economies, respectively. Results pertaining to the Asia and Pacific region reveal infrastructure on telecommunications, roads, and energy generation to have been supportive of growth in the region.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Working Paper

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