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BooksUNNECO 512

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Public infrastructural development and economic  performance in Africa: a new evidence from panel data  analysis

ECO 512: PUBLIC INFRASTRUCTURAL DEVELOPMENT AND ECONOMIC PERFORMANCE IN AFRICA: A NEW EVIDENCE FROM PANEL DATA ANALYSIS

ByAnthony Orji
SchoolUniversity of Nigeria, Nsukka
DepartmentEconomics
CategoryAcademic JournalsResearch Papers
Levels100200300400500600Post Graduate
₦ 3000
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Description

This study examined the effects of both aggregate and disaggregated infrastructural

development indices (such as transport, electricity, ICT, and water and sanitation

infrastructure indices) on economic performance in Africa. The study used the

dynamic system GMM framework and found that both aggregate and disaggregated

infrastructural development indices impact positively on GDP per capita growth in

Africa. These impacts were shown to be significant in all cases, except for the trans-

portation infrastructure index. The results overwhelmingly confirmed the prevalence

of the symmetric hypothesis in the infrastructure–growth relationship in Africa.

The study also found some evidence in support of the significant roles of capital,

labour and initial GDP per capita in Africa’s economic performance, while the role

of trade remained negative and muted. The study concluded that through effective

public administration, African leaders and policymakers can promote economic per-

formance on the continent by evolving policies that favour increased infrastructural

development, human capital development and capital accumulation.