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Infrastructure and Economic Growth in Asia

Authors: --- --- ---
Book Series: Economic Studies in Inequality, Social Exclusion and Well-Being ISSN: 2364107X ISBN: 9783319031361 9783319031378 Year: Pages: 148 DOI: 10.1007/978-3-319-03137-8 Language: English
Publisher: Springer Nature
Subject: Business and Management --- Manufactures --- Economics
Added to DOAB on : 2014-02-10 16:18:02
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Abstract

Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.

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