The Economic Effects of Infrastructure Investment in Countries at Different Stages of Economic Development
Cardiff Metropolitan University
MetadataShow full item record
Abstract A study into the effectiveness of infrastructure investment though the use of case study and data analysis. The aim of the thesis was to find the key differences in infrastructure between nations at different stages of economic development; this relates to not only the effectiveness of infrastructure but also the possible need for different forms of infrastructure to support and grow an economy. The infrastructure that has been important historically was also analysed in terms of its relevance to modern economies. The creation of ‘ideal types’ was used as a basis for a regression analysis trying to explain GDP per capita in terms of the infrastructure of low, middle and high income countries. A case study analysis was also undertaken to highlight some of the possible key variables for use within the data analysis. The conclusions highlight the need for infrastructure for an economy to develop, and the particular need for infrastructure that supports the industries of an economy, industries that tend to change for countries at different stages of economic development. The data analysis helped to draw conclusions about the effectiveness of infrastructure for high, middle and low income countries. It suggested that, in agreement with the pre-existing literature, it is middle income countries that benefit most from infrastructure investment. It can be suggested that this result is likely to be due to the favourable combination of highly-skilled workers and low-paid labourers; a combination that isn’t found in high, and low income countries. The findings also suggest that the infrastructures that had large, favourable economic effects in the past now have reduced importance for modern economies, economies that tend to benefit much more from infrastructure relating to technological progression.
BSc Hons ECONOMICS
Showing items related by title, author, subject and abstract.
Moschidou, Christina (Cardiff Metropolitan University, 2014)The economic crisis that started in 2007 and had previously affected a large part of the world reached Greece in 2009, leading to a series of reforms and repercussions that affected not only Greece, but also the rest of ...
Raulik-Murphy, Gisele (Cardiff Metropolitan University, 2010)Design promotion takes place when there is a need to inform companies, governments or citizens about the benefits design can offer for economic and social development, and how to take full advantage of them. It can take ...
Al-Balushi, Masooma Khamis Mahmood (Cardiff Metropolitan University, 2008)The vision of 2020 for Oman focuses on two main areas; the first area is to diversify the country's economy away from its reliance on oil. The second area is to focus on the Omanisation Plan (OP) through development and ...