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Infrastructure and Economic Growth in Asia
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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Keywords
- Antiques & collectables
- Business & management
- Business strategy
- China
- Development economics
- Development economics & emerging economies
- economic growth
- Economics
- Economics, finance, business & management
- Growth
- Industry & industrial studies
- Infrastructure
- Investment
- Lifestyle, sport & leisure
- Manufacturing industries
- Pakistan
- Philippines
- Public economics
Links
DOI: 10.1007/978-3-319-03137-8web: https://link.springer.com/book/10.1007/978-3-319-03137-8
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