Login / Register Submit Your Article
cover
Article Menu

Journal Browser
Vol. 6 (2024)
Vol. 5 (2023)
Vol. 4 (2022)
Vol. 3 (2021)
Vol. 2 (2020)
Vol. 1 (2019)
Open Access Journal Article

Impact of Infrastructure Investment on Economic Growth

by Olivia White 1,*
1
Olivia White
*
Author to whom correspondence should be addressed.
EFRL  2022 4(2):33; https://doi.org/10.69610/j.efrl.20221026
Received: 26 August 2022 / Accepted: 16 September 2022 / Published Online: 26 October 2022
View Full-Text
Download PDF

Abstract

The paper explores the profound influence of infrastructure investment on economic growth, highlighting the critical role that infrastructure development plays in fostering sustainable economic expansion. By examining various models and empirical studies, this paper investigates the direct and indirect effects of infrastructure investment on productivity, employment, and overall economic development. Key findings suggest that infrastructure investment is a pivotal driver of economic growth, as it facilitates the movement of goods and services, enhances connectivity, and supports technological advancements. The analysis further underscores the importance of strategic planning and efficient allocation of resources to maximize the benefits of infrastructure spending. The paper concludes with a call for policymakers to prioritize infrastructure development as a means to stimulate economic growth and improve the quality of life for citizens.

Keywords: Infrastructure investment; - Economic growth; - Productivity; - Connectivity; - Sustainable development.;
Copyright: © 2022 by White. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
Cite This Paper
APA Style
White, O. (2022). Impact of Infrastructure Investment on Economic Growth. Economics and Finance Research Letters, 4(2), 33. doi:10.69610/j.efrl.20221026
ACS Style
White, O. Impact of Infrastructure Investment on Economic Growth. Economics and Finance Research Letters, 2022, 4, 33. doi:10.69610/j.efrl.20221026
AMA Style
White O. Impact of Infrastructure Investment on Economic Growth. Economics and Finance Research Letters; 2022, 4(2):33. doi:10.69610/j.efrl.20221026
Chicago/Turabian Style
White, Olivia 2022. "Impact of Infrastructure Investment on Economic Growth" Economics and Finance Research Letters 4, no.2:33. doi:10.69610/j.efrl.20221026

Share and Cite

ACS Style
White, O. Impact of Infrastructure Investment on Economic Growth. Economics and Finance Research Letters, 2022, 4, 33. doi:10.69610/j.efrl.20221026
AMA Style
White O. Impact of Infrastructure Investment on Economic Growth. Economics and Finance Research Letters; 2022, 4(2):33. doi:10.69610/j.efrl.20221026
Chicago/Turabian Style
White, Olivia 2022. "Impact of Infrastructure Investment on Economic Growth" Economics and Finance Research Letters 4, no.2:33. doi:10.69610/j.efrl.20221026
APA style
White, O. (2022). Impact of Infrastructure Investment on Economic Growth. Economics and Finance Research Letters, 4(2), 33. doi:10.69610/j.efrl.20221026

Article Metrics

Article Access Statistics

References

  1. Burbules, N. C., & Callister, T. A. (2000). Watch IT: The Risks and Promises of Information Technologies for Education. Westview Press.
  2. Harris, P. M. (1954). The Political Economy of Development. The American Economic Review, 44(2), 249-268.
  3. Kaldor, N. (1966). Alternative Theories of Distribution. Review of Economic Studies, 33(4), 91-102.
  4. Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-92.
  5. Meade, J. E. (1964). The Theory of International Trade: A Survey. The Economic Journal, 74(296), 713-734.
  6. Harrod, R. F. (1939). Towards a Dynamic Theory of Capital. Economic Journal, 49(193), 223-240.
  7. Evenson, R. E., & Kehoe, T. J. (1985). A Bioeconomic Model of the Transition from Traditional to Commercial Agriculture. American Journal of Agricultural Economics, 67(3), 419-427.
  8. Aschauer, D. A. (1989). Is Public Expenditure Productive? Journal of Monetary Economics, 23(2), 177-200.
  9. Jones, C. I. (1995). R&D-Based Models of Economic Growth: An Overview. Journal of Economic Growth, 1(1), 9-23.
  10. Romer, P. M. (1986). Increasing Returns and Long-run Growth. Journal of Political Economy, 94(5), 1002-1037.
  11. Borenztein, T., De Gregorio, J., & Lee, J. W. (1998). Labor-Intensive Investment and Growth. International Economic Review, 39(2), 353-370.
  12. Apergis, N., & Payne, J. E. (2015). Public Infrastructure Investment and Economic Growth: A Panel Cointegration Approach. Journal of Development Studies, 51(9), 1217-1233.
  13. Turnovsky, S. J. (2009). Economic Growth and Development: Theory and Policy. Cambridge University Press.
  14. Glaeser, E. L., Gyourko, J., & Krueger, A. B. (2008). Are Cities Dying? The Role of Public Investment in Urban Decline. Journal of Economic Perspectives, 22(3), 135-158.
  15. Zhang, Y., & Chen, X. (2017). Public Infrastructure Investment, Economic Growth, and Development: A Dynamic Panel Data Analysis. Cities, 57, 1-10.