Public Infrastructure and Economic Growth in Sub Saharan Africa

ISBN-13: 9783845438429 / Angielski / Miękka / 160 str.

Ibrahim Bun Kamara

Opis

This study is an investigation about the growth effect of public infrastructure in Sub Saharan Africa. Using an endogenous growth theoretical framework, public infrastructure is considered as an input in production. This allows infrastructure to affect economic growth directly as an input and indirectly through enhancing the productivity of other inputs. Using flow and stock variables of infrastructure with dynamic panel data econometric estimation methodologies, public investment in economic and social infrastructure sectors is found to have positive and significant contributions to aggregate per capita income. Additionally, both current and capital expenditure levels of government were found to have significantly positive effects to aggregate income. By implication, the levels of infrastructure and the sizes of governments in the sample of countries used for the analysis are not yet beyond their optimal levels. Hence provision of additional infrastructure through public investment is still justified.

O autorze

He was born in Sierra Leone and studied at University of Sierra Leone, Pan African Institute for Development in Zambia, University of Botswana and he got his PhD at University of Cape Town. He is a career economist with experience that spans from agriculture and integrated rural development economic planning to international policy analysis.