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Economics - Development Economics | Infrastructure and Economic Growth in Asia - a SpringerOpen book

Infrastructure and Economic Growth in Asia

Cockburn, J.M., DISSOU, Y., Duclos, J.-Y., Tiberti, L. (Eds.)

2013, IX, 148 p. 19 illus., 15 illus. in color.

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  • About this book

This book is an open access book
  • ​Investigates the role of public infrastructure investment on economic growth and poverty reduction
  • Provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure
  • Includes case studies based of China, Pakistan, and the Philippines​​
Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limits economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be an effective tool in fighting poverty reduction. 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.

Content Level » Research

Keywords » China - Growth - Infrastructure - Investment - Pakistan - Philippines

Related subjects » Development Economics - Economic Growth - Public Finance

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