by Vance Tan | Mar 28, 2014 | Infrastructure systems
Abstract From the perspective of neo-classical economics, there is little to dispute that overall public investment in infrastructure and resultant economic growth is generally positively correlated although real effects are disputed, see for example Munnell (1992),...
by Vance Tan | Mar 28, 2014 | Economic impacts
Abstract Both the goals and the mechanisms of economics are deeply contested. There is no broad consensus on the capacity of economics to analyse social reality, or to prescribe measures to achieve whatever goals societies see as desirable – economic growth, social...
by Vance Tan | Mar 28, 2014 | Economic impacts
Abstract Matching water availability and demand is amongst the most pressing environmental challenges in the twenty-first century (Rockstrom et al., 2009, Vörösmarty et al., 2010). Water scarcity can limit productivity and economic growth and, at the same time,...
by Vance Tan | Mar 28, 2014 | Economic impacts
Abstract In recent decades, macro-level studies in economics beginning with David Aschauer in the late 1980s have reported a strong positive association between higher levels of investment in infrastructure and economic growth. A larger stock of infrastructure is...
by Vance Tan | Mar 28, 2014 | Infrastructure systems
Abstract The aim of this paper is to focus on infrastructure and economic growth links in low income countries especially in Africa and identify the challenges for sustainable development finance. The link between infrastructure and growth can act in both directions –...
