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Infrastructure-Economic-Growth-and-Poverty-A-Review
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Policy Research Working Paper 9258 Infrastructure, Economic Growth, and Poverty A Review Govinda Timilsina Gal Hochman Ze Song Development Economics Development Research Group May 2020 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Produced by the Research Support Team Abstract The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent. Policy Research Working Paper 9258 How much an economy should invest in its physical infra- structure is a crucial question being asked by policy makers from developing countries where financial resources for eco- nomic development are limited. This paper aims to address this question by bringing insights from the literature that investigates the relationship between infrastructure invest- ment, economic growth, and poverty alleviation. The study shows that there is no consensus among the existing studies, which are mostly focused on industrialized economies, on the relationship between public investment and economic growth. Studies that investigate the relationship between physical infrastructure and economic growth mostly con- clude that there exists a positive relationship. This is also true between physical infrastructure and income inequality, as reported by a few studies. This study also identifies many gaps in the literature and highlights the need for further studies to narrow them. This paper is a product of the Development Research Group, Development Economics. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://www.worldbank.org/prwp. The authors may be contacted at gtimilsina@worldbank.org. Download 0.7 Mb. Do'stlaringiz bilan baham: 
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