University Of Zambia Online Public Access Catalogue
The contributions of infrastructure to economic development.
By: Kessides, Christine.
Material type:
BookPublisher: Washington : World Bank, 1993Subject(s): Economic development | Investments -- Foreign investments. -- Investments -- Foreign investmentsSummary: This paper reviews the linkages between infrastructure and economic development on the basis of both formal empirical research and informal case studies. The main thesis is that economic benefits result from investments in infrastructure only to the extent that they generate a sustainable flow of services valued by users. Thus, an analysis of infrastructure's contributions to growth must look at the impacts of services as actually perceived, not at indirect indicators that measure only aggregate provision of infrastructure capital.
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This paper reviews the linkages between infrastructure and economic development on the basis of both formal empirical research and informal case studies. The main thesis is that economic benefits result from investments in infrastructure only to the extent that they generate a sustainable flow of services valued by users. Thus, an analysis of infrastructure's contributions to growth must look at the impacts of services as actually perceived, not at indirect indicators that measure only aggregate provision of infrastructure capital.
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