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Journal articles on the topic 'Infrastructural growth'
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1
Hashimzade, Nigar, and Gareth D. Myles. "GROWTH AND PUBLIC INFRASTRUCTURE." Macroeconomic Dynamics 14, S2 (November 2010): 258–74. http://dx.doi.org/10.1017/s1365100510000374.
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The paper analyzes a multicountry extension of the Barro model of productive public expenditure. In the presence of positive infrastructural externalities between countries, the provision of infrastructure will be inefficiently low if countries do not coordinate. This provides a role for a supranational body, such as the European Union, to coordinate the policies of the individual governments. It is shown how intervention by a supranational body can raise welfare by internalizing the infrastructural externality. Infrastructural externalities increase the importance of tax policy in the growth process and distribute the benefits of taxation across countries.
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Salaudeen, Jubril A. "SUKUK: POTENTIALS FOR INFRASTRUCTURAL DEVELOPMENT IN NIGERIA." Advanced International Journal of Banking, Accounting and Finance 3, no. 7 (June 15, 2021): 104–13. http://dx.doi.org/10.35631/aijbaf.37009.
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The growth of any economy in the world will happen on the back of the needed infrastructural facilities. And to build the needed infrastructures for national development requires a lot of money and time. There have been incessant concerns of the citizenry on the present level of infrastructural neglect and decay in Nigeria. The infrastructural decay in Nigeria ranks very high when compared to the national resources to the availability and quality of the needed infrastructure. The availability of needed infrastructures will enhance ingenuity, novelty, employment, self-confidence, wealth creation, and social security. However, it is wretched to note that the dire infrastructure in Nigeria is in a bad state thereby creating an evolving crisis. The inability of the government of Nigeria to maintain and endure her perilous infrastructure such as; road rails and pipelines network, the micro small and medium enterprises will require developed and scalable transportation infrastructure ( Land, Air, and Water), Electricity energy ( power for industrial and domestic use), Educational infrastructure ( Schools, Research and instructional materials), Health infrastructure ( Hospital, trained personnel, and Equipment), Security infrastructure ( Police, Military and Para-military). This study aims to explicate the potential of Sukuk as an alternative and sustainable financial vehicle for financing infrastructural development in Nigeria. The study is library-based and analytical and evaluation approaches are used to explore related library-based data on the causes and effects of infrastructural development in Nigeria. The study investigates and describes how the Nigerian government can utilize the potentials of Sukuk investment for infrastructural development across the nation.
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Okolo, Chukwuemeka Valentine, Richardson Kojo Edeme, and Chinanuife Emmanuel. "Economic Analysis of Capital Expenditure and Infrastructural Development in Nigeria." Journal of Infrastructure Development 10, no. 1-2 (June 2018): 52–62. http://dx.doi.org/10.1177/0974930618809173.
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Infrastructural development has been the major concern of countries all over the world due to its significant impact in fostering growth. In Nigeria, it has been observed that the level of infrastructure posed serious threat to attaining sustained growth. This study therefore examines the impact of capital expenditure on infrastructural development in Nigeria, utilising time series from 1970 to 2017. The study adopted autoregressive distributed lag (ARDL) model due to the possibility of the past value of the dependent variable explaining its present value, and found that capital expenditure, construction expenditure and non-oil revenue have the potency of accentuating infrastructural development in the long-run but such is being hampered by external debt. The positive effect of recurrent expenditure on infrastructural development is a pointer that bulk of the expenditure in Nigeria over the years is recurrent in nature. These suggest the need to boost non-oil revenue, reduce recurrent and channel external debt into productive infrastructural development.
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Igbinedion, Sunday Osahon. "OIL PRICE VOLATILITY AND INFRASTRUCTURAL GROWTH: EVIDENCE FROM AN OIL- DEPENDENT ECONOMY." Oradea Journal of Business and Economics 4, no. 1 (March 2019): 17–28. http://dx.doi.org/10.47535/1991ojbe056.
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Since the discovery of crude oil in Nigeria in 1957, the Nigerian economy has remained a mono-product economy largely impacted by the effects of oil price volatility with its attendant adverse consequences on the nation’s revenue profile and infrastructural growth. Accordingly, this paper attempts to investigate the nexus between oil price volatility and infrastructural growth in Nigeria, utilizing cointegration and error correction modeling approach for the period 1981-2015. The data for this study were sourced from the Central Bank of Nigeria Statistical Bulletin, 2014 and 2016 editions. The results suggest that both oil price volatility and inflation rate tend to exert negative impact on infrastructural growth, while the appreciation of real exchange rate tend to trigger investment in infrastructure. Accordingly, we recommend, among others, the need to design and implement effective diversification policies with a view to raising the nation’s revenue trajectory, while strengthening local crude oil refining capacity so as to minimize the adverse consequences of such external shocks on the domestic economy.
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Cenkier, Agnieszka. "Infrastruktura publiczna - wybrane problemy." Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace, no. 2 (November 27, 2016): 65–75. http://dx.doi.org/10.33119/kkessip.2016.2.4.
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Today advanced infrastructure is essential for economic growth. Public funds are too short to finance all the infrastructural needs. Private entrepreneurs can supply the lacking funds. Using private funds for financing infrastructural project to help restart European economy is at heart of the Juncker plan. It also is a chance for development of public-private partnerships.
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McArthur, Jenny. "Comparative infrastructural modalities: Examining spatial strategies for Melbourne, Auckland and Vancouver." Environment and Planning C: Politics and Space 36, no. 5 (April 11, 2018): 816–36. http://dx.doi.org/10.1177/2399654418767428.
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Infrastructure systems are critical to support sustainable and equitable urbanisation, and infrastructure is becoming more prominent within urban spatial strategies. However, the fragmented governance and delivery of spatial plans and infrastructure projects create a challenging environment to embed planning goals across the planning, delivery and operation of infrastructure systems. There is significant uncertainty around future needs and the complex ways that infrastructures influence socio-spatial relations and political-economic processes. Additionally, fragmented knowledge of infrastructure across different disciplines undermines the development of robust planning strategies. Comparative analysis of strategic spatial plans from Auckland, Melbourne and Vancouver examines how infrastructures are instrumentalised to support planning goals. Across the three cases, the analysis identified four common infrastructural modalities: rescaling socio-spatial relations through targeted intensification, intra-urban mobility upgrades and containment boundaries; re-localising socio-spatial relations to the suburban scale with ‘complete communities’; protection of ‘gateway’ precincts; and local planning provisions to support housing affordability. By examining infrastructure through a theoretical framework for suburban infrastructures, this analysis revealed how infrastructures exert agency as artefacts shaping socio-spatial relations and through the internalisation of political-economic processes. Each modality mobilised infrastructure to support goals of global competitiveness, economic growth and ‘liveability’. Findings suggest that spatial strategies should take a user-focused approach to infrastructure to meet the needs of diverse urban populations, and engage directly with the modes of infrastructure project delivery to embed planning goals across design, delivery and operations stages. Stronger institutional mandates to control land-use and provide affordable housing would improve outcomes in these city-regions.
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Tsaurai, Kunofiwa, and Adam Ndou. "Infrastructure, Human Capital Development and Economic Growth in Transitional Countries." Comparative Economic Research. Central and Eastern Europe 22, no. 1 (March 25, 2019): 33–52. http://dx.doi.org/10.2478/cer-2019-0003.
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This study investigated the impact of infrastructure and human capital development on economic growth in transitional economies. It also explored whether the interaction between infrastructural and human capital development enhanced economic growth in the transitional economies. Although the literature is awash with studies which investigated the separate impact of infrastructure and human capital development on economic growth, no study that the author is aware of has so far explored whether the interaction between infrastructure and human capital development enhances economic growth. The study mainly used a dynamic panel generalised methods of moments (GMM) approach by Arellano and Bond (1995), a framework that takes into account the dynamic nature of economic growth data and addresses the endogeneity issues normally associated with economic growth regression functions. Panel data analysis approaches such as pooled ordinary least squares (OLS), and fixed and random effects were used for comparison purposes and robustness tests. According to the dynamic GMM framework, the interaction between infrastructure and human capital development improved economic growth in transitional economies, in line with theoretical and empirical predictions. Random effects and pooled OLS show that the interaction between infrastructural and human capital development had a deleterious effect on economic growth, whilst according to the fixed effects approach, the interaction between these two variables had an insignificant positive influence on economic growth in transitional economies. Considering that the results from a dy34 Kunofiwa Tsaurai, Adam Ndou namic panel GMM are considered to be more accurate due to the approach’s ability to address the endogeneity problem and the dynamic nature of economic growth data, the current study recommends that transitional economies should implement policies that improve human capital development in order to enhance infrastructural development’s ability to influence economic growth. Future studies should investigate not just one (human capital development), but all the conditional factors which must be in place before economic growth advantages triggered by infrastructure development are realised.
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Patrakeeva, Olga. "Prospects for Social and Economic Development of Krasnodar Krai in the Context of National Transport Infrastructural Projects." Regionalnaya ekonomika. Yug Rossii, no. 2 (August 2020): 122–30. http://dx.doi.org/10.15688/re.volsu.2020.2.12.
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The discrepancy between the pace of economic growth rates, needs of enterprises and population for transportation, quality of the road network is a significant infrastructural limitation for growth. The paper is devoted to the analysis of large scale investment projects aimed at the removal of infrastructural restrictions, i.e. the national project “Secure and High-Quality Roads” and “Comprehensive Plan for the Modernization and Expansion of Main Infrastructure”. It is noted that the project “Secure and High-Quality Roads” for Krasnodar Krai will become a prerequisite for the effectiveness of transport infrastructure. “Comprehensive Plan for the Modernization and Expansion of the Main Infrastructure” including such federal projects as “Europe – Western China”, “Sea Ports of Russia”, “Northern Sea Route”, “Railway Transport and Transit”, “Transport and Logistics Centers”, “Communications Between the Centers of Economic Growth”, “Development of Regional Airports and Routes”, “High-Speed Rail Links”, “Inland Waterways” will increase the investment activity in the transport sector of the region. The paper presents the results of statistical analysis aimed at the identification of significant economic effect from capital investments in the road infrastructure of Krasnodar Krai. It is revealed that investments into transport and communications stimulate the economic growth and also reduce the accident rate on highways in the long run. In addition, the increase in the density of paved public roads stimulates the passenger turnover in the short run and is also a significant factor in the reduction of the accident rate. The downward trend of paved roads in the total length of roads indicates the necessity to invest in the improvement of the quality of existing roads. The author emphasizes that in order to achieve the goals mentioned in the infrastructural projects under analysis, it is necessary to improve the monitoring system of content and development of the infrastructural frame of the territory, evaluate the effectiveness of administrative decisions for the accomplishment of the goals indicated in the infrastructural projects under analysis.
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Bagchi, Emon. "Development of Basic Infrastructure: An Analysis of South 24 Parganas District in West Bengal, India." Bulletin of Geography. Socio-economic Series 36, no. 36 (June 1, 2017): 33–60. http://dx.doi.org/10.1515/bog-2017-0013.
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Abstract Infrastructure provides the fundamental basis for socio-economic development of any country. It acts as the backbone of an economy. Regional disparities in infrastructural development naturally result in uneven development. Infrastructural development has greater significance in less developed areas due to their various inherent deficiencies and imbalances. With regard to this, status of the basic sectors of the infrastructure of South 24 Parganas district of West Bengal, India has been discussed in this article. This is a less developed area. Comparative analysis on infrastructural achievements at sub-district level has also been made. The study not only points towards the lack of uniform infrastructural development over the entire region, but also towards a tendency for concentration of such growth process in those areas of the district which lie in close proximity to the metropolis of Kolkata.
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Pawlak, Piotr, and Jacek Brdulak. "Infrastructure barriers, in the development aspect of the problematic regions." AUTOBUSY – Technika, Eksploatacja, Systemy Transportowe 19, no. 10 (October 31, 2018): 62–65. http://dx.doi.org/10.24136/atest.2018.336.
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Paper discusses the issue of infrastructure barriers of the development of regions. In the case of this type of regions, there may be a phenomenon of degradation and its isolation, which may be caused by insufficient infrastructural base. At present, the most important element of infrastructure that can activate problematic regions is road infrastructure. The article presents, among others, the issues of peripherality of regions, describes activities aimed at eliminating barriers to the growth of local development, as well as four examples of road infrastructural barriers was described.
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Jin-Hui Li, Chol-Ju An, and Gwang-Nam Rim. "Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”." Business Perspective Review 2, no. 2 (September 11, 2020): 23–45. http://dx.doi.org/10.38157/business-perspective-review.v2i2.145.
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Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”.
Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis.
Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study.
Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.
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Ayeni, R. K., and Ireti Olamide Olasehinde. "A Comparative Analysis Of Capital Expenditure On Infrastructure And Economic Growth In Nigeria And South Africa." Archives of Business Research 8, no. 3 (March 8, 2020): 53–64. http://dx.doi.org/10.14738/abr.83.7879.
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Nigeria and South Africa are two dominating economies in Africa but defer in terms of infrastructural development. The question of whether this infrastructural difference culminate to the difference in economic growth in the two economies is central to this study. This paper therefore, examined the impact of capital expenditure on infrastructure and economic growth both in Nigeria and South Africa using time series data from 1980 to 2016.
Autoregressive Distributed Lag (ARDL) Bound tests technique of cointegration was used to on country-specific model of aggregate expenditure, following the Keynesian theory.
The result showed that there is a the long-run relationship among the variables used in Nigeria and South Africa. Capital expenditure on infrastructure has positive but insignificant impact on economic growth in Nigeria while it was positive and significant on the economic growth in South Africa. The insignificant impact of capital expenditure on infrastructure on economic growth compare with South Africa may be the major difference in the two economies. This is traceable to lack of accountability and corruption in Nigeria compared to the good governance that truncated corruption and mismanagement in the government circle in South Africa. Tax base has positive and significant impacts on the economic growth in these two countries, this was supported by the Pairwise Granger Causality in which TAX granger caused economic growth in both countries.
The study recommends injection of sufficient fund into infrastructural development in Nigeria. AS tax contributed positively to economic growth in both economies, it is recommended that tax revenue realized should be judiciously spent by providing the necessary amenities to discourage evasion of tax.
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Ntebo, Ngcobo, Kasenge Mathe, and Emmanuel Oikelomen Ayorinde. "The Impacts of Power Infrastructure Development in the Socio-Economic Situations in Sub-Sahara Africa." E3S Web of Conferences 122 (2019): 03001. http://dx.doi.org/10.1051/e3sconf/201912203001.
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Infrastructural development is fundamental in nationʼs economic growth and development. Power infrastructure is imperative for nation building and helps create employment and improved the well-being of its citizens. This research paper identifies the impact of power infrastructure development on the economic growth in sub-Saharan Africa (SSA). The study adopted a quantitative research approach with data gathered from the respondents within power infrastructure development in the region. Information gathered were analysed using mean item score, standard deviation and factor analysis. The findings revealed the impact of power development on the economic benefit in SSA to be wealth creation, boost in citizensʼ income, health care improvement, improved educational systems were seen as the direct impact of infrastructure development on the economic situation in sub-Sahara Africa. Since the lack of infrastructural facilities of an economy can lead to various setbacks in the nationʼs economic development, it thereby requires adequate participations by stakeholders to deliver sustainable power infrastructure development in the society. The study power infrastructure development can contribute to regional and national growth, urbanization challenges, and improvement in the environmental through the provision of clean energy which foster social and economic inclusion.
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Chotia, Varun, and Nvm Rao. "Examining the interlinkages between regional infrastructure disparities, economic growth, and poverty: A case of Indian states." Ekonomski anali 60, no. 205 (2015): 53–71. http://dx.doi.org/10.2298/eka1505053c.
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This paper investigates the interlinkages between regional infrastructure disparities, economic growth, and poverty in the 21 major Indian States. An overall comprehensive index of infrastructure, the Composite Infrastructure Index (CII), is calculated for each Indian state using the Principal Component Analysis technique. In order to analyse the regional disparities between states in terms of infrastructure, they are ranked based on the calculated CII. We extend our analysis by evaluating the inter-relationship between the Composite Infrastructure Index, Per Capita Net State Domestic Product (PCNSDP), and poverty. The empirical analysis also proves that composite infrastructural growth and economic growth go hand in hand.
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Dolata, Małgorzata. "Infrastruktura jako instrument poprawy regionalnej konkurencyjności obszarów wiejskich." Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego 17(32), no. 3 (September 30, 2017): 60–70. http://dx.doi.org/10.22630/prs.2017.17.3.53.
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The paper presents basic issues related to regional competitiveness of rural areas and infrastructure. The main purpose of the study was to present the importance of infrastructure as one of the most important factors for the competitiveness of rural areas. Infrastructure is an element of territorial competitiveness potential, and infrastructural equipment influences the shaping of the level the so-call attributes of competitiveness. It also indicated the role that the European Union attributes to infrastructure as a pro-competitive instrument. The results of the conducted research confirmed that since Poland's accession to the structures of the European Union in rural areas a systematic development of their infrastructural facilities took place. Particularly fast growth rate was characterized by the development of sewerage and waste water treatment system.
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Tsymbaliuk, Iryna, and Mohammed Younus Hasan Alghadhywi. "Assessment of the Ukrainian regional infrastructure development taking intoaccountitsinclusiveness." Galic'kij ekonomičnij visnik 67, no. 6 (2020): 59–66. http://dx.doi.org/10.33108/galicianvisnyk_tntu2020.06.059.
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The main ideas and principles of inclusive development are revealed in this paper It is proved that the main condition for the transition of the Ukrainian regions to the principles of inclusive growth is the provision of developed inclusive infrastructure. The purpose of the paper is to substantiate the system of quantitative indicators that reflect the prospects for achieving the goals and objectives of infrastructure development in the region as an important component and prerequisite for inclusive growth. Based on the methodology proposed in the paper, the analysis of infrastructural development of the Ukrainian regions as a basis for inclusive growth is carried out. It is proved that in order to involve the maximum number of the population in the development processes, it is necessary to create appropriate conditions, which are provided by the developed infrastructure. Due to indicators of construction development, transport infrastructure, passenger and cargo turnover, the level of the population coverage with Internet services, preschool educational institutions for children; development of higher education, accessibility of medical services and health care, an index of infrastructural development of the region has been formed, which reflects the possibility of including all segments of the population in productive activities and creating conditions for growth. Significant asymmetry of infrastructural development between the regions of Ukraine has been revealed, which puts them in unequal conditions for achieving inclusive growth. It is stated that the solution of this problem is possible only with the active state support and improvement of mechanisms for financing regional development projects from the State budget. The main results presented in the paper are obtained during the research «Fiscal space of inclusive development of the region» and «Security of sustainable development of regions and territorial communities of Ukraine in the context of decentralization on the basis of inclusive growth», within which the author systematizes goals, objectives and indicators of quantitative assessment of the achievement of prospects for regions inclusive development.
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Patrakeeva, O. Yu. "MODERN APPROACHES TO ASSESSMENT INFRASTRUCTURAL EFFECTS OF ECONOMIC GROWTH." Ecology. Economy. Informatics. System analysis and mathematical modeling of ecological and economic systems 1, no. 3 (2018): 293–98. http://dx.doi.org/10.23885/2500-395x-2018-1-3-293-298.
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Patrakeeva, O. Yu. "MODERN APPROACHES TO ASSESSMENT INFRASTRUCTURAL EFFECTS OF ECONOMIC GROWTH." Ecology. Economy. Informatics.System analysis and mathematical modeling of ecological and economic systems 1, no. 4 (2019): 29–34. http://dx.doi.org/10.23885/2500-395x-2019-1-4-29-34.
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Patrakeeva, O. Yu. "MODERN APPROACHES TO ASSESSMENT INFRASTRUCTURAL EFFECTS OF ECONOMIC GROWTH." Ecology. Economy. Informatics.System analysis and mathematical modeling of ecological and economic systems 1, no. 5 (2020): 270–76. http://dx.doi.org/10.23885/2500-395x-2020-1-5-270-276.
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Infrastructure provides stimulus to the national and region economy. This paper develops theoretical and practical framework for estimating the economic effects generated from infrastructure. Its three types are considered: roadway, railway, and telecommunications. The hypothesis is that the infrastructure has a positive impact on regional economic development and there are spatial external effects. Estimation showed that road and telecommunications have a positive impact on economic development for Russia, and their external effects also appear. The contribution of railways to increasing labor productivity was insignificant for western and eastern regions. At the same time, the mobile communications per capita is a significant factor for western and eastern regions. The results indicate the necessity to adjust the strategy aimed at implementation of large-scale interregional infrastructure projects.
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Igbinedion, Sunday Osahon. "A RESEARCH PAPER ON MONETARY POLICY AND INFRASTRUCTURAL GROWTH: FURTHER EVIDENCE FROM NIGERIA." Advances in Social Sciences Research Journal 7, no. 11 (December 8, 2020): 467–84. http://dx.doi.org/10.14738/assrj.711.9381.
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Extant economic literature has acknowledged monetary policy as a key factor influencing infrastructural growth through different channels, such as affordable housing and efficient transportation, among others. However, in recent times, the Nigeria’s experience suggests a conflicting position on the above supposition. It is against this backdrop that this study set out to investigate the nexus between monetary policy and infrastructural growth within the Nigerian context, time series data from 1981 to 2018, and utilizing the Fully Modified Least Squares (FMOLS) estimation technique. The results show that both real interest rate and inflation rate exerted negative and statistically significant impact on infrastructural growth, while federal government capital expenditure and net official development assistance impacted positively on the level of infrastructural growth in the period under assessment. In the light of the study’s findings, the study recommends that, the monetary authority should carefully review existing lending interest rate downward to a single digit that will be investment driven particularly in the face of current global economic uncertainties occasioned by the COVID-19 pandemic that has led to the collapse of many economies across the world.
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Mukherjee, Rahul. "Jio sparks Disruption 2.0: infrastructural imaginaries and platform ecosystems in ‘Digital India’." Media, Culture & Society 41, no. 2 (December 21, 2018): 175–95. http://dx.doi.org/10.1177/0163443718818383.
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In recent years, Reliance Jio’s offer of 4G services, guaranteeing free voice calls and ‘unlimited’ data streaming, lead to disruption in the Indian telecom market with other cellular operators losing their revenue and customer base. To comprehensively analyze this churn in the Indian telecom industry and its impact on mobile phone customers, the article argues for observing the entanglement of infrastructural and platform-related discourses at three levels of operation: Jio’s strategies to capture the Indian telecom market and the responses by the leading incumbent service provider (Airtel), ordinary citizens’ phone use practices and infrastructural encounters, and the government’s vision for India’s digital future. Connecting pipes to platforms, Jio made infrastructural investments (in spectrum, cell towers, and fiber optics networks) to promote its suite of apps (JioTV, JioChat, and JioMoney). Ordinary citizens relate their access/proximity to telecom infrastructure (cell antennas) to their ability to effectively use apps on their phones. ‘Digital India’ vision purportedly facilitated infrastructural growth to create platforms that would support demonetization and facilitate transparent governance. Through such a three-pronged analysis, I conceptualize ‘infrastructural imaginaries’ that are coproduced by states and citizens, and lie at the intersection of structured state policy/corporate initiatives and lived experiences/affective encounters of ordinary citizens.
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Chukwuemeka, Amadi, Amadi, Nyekachi Nyewe, and Nyenke, Christian Ugondah. "Public Spending on Transport Infrastructure and Economic Growth in Nigeria, 1981-2010." Journal of Sociological Research 4, no. 2 (December 28, 2013): 438. http://dx.doi.org/10.5296/jsr.v4i2.4847.
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<p><em>Transport remains one of the major infrastructural facilities critical for sustainable economic growth and development of any nation including Nigeria. This paper examined public spending on transport infrastructure and economic growth in Nigeria. The study employed the Ordinary Least Square (OLS) regression method to analyze the data collected. The data analyzed show that public spending on transport infrastructure is negatively related to growth and insignificant. The study recommended that government must ensure adequate funding of transport sector. And that fiscal responsibility laws be properly implemented to ensure greater accountability and prudence in the funds allocated to transport sector. This would go a long way to boost employment, sustainable economic growth and development in Nigeria.</em></p>
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M.R., Anantha Ramu, and K. Gayithri. "Fiscal Consolidation versus Infrastructural Obligations." Journal of Infrastructure Development 9, no. 1 (June 2017): 49–67. http://dx.doi.org/10.1177/0974930617706810.
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This article analyses two important issues pertaining to Indian economy. One is the numerical target under rule-based fiscal correction mechanism being followed by Indian government and second is on infrastructural investment requirements. India lags behind many countries in the world including some of the developing ones both in terms of stock and quality of infrastructure. There exist huge investment requirements in order to foster the economic growth and efficiently utilise the available resources. In the recent years, there is a significant contribution from the private sector towards infrastructural investment. However, private participation is concentrated in few sectors which are commercially viable and hence in the remaining key areas, like rural infrastructure, government is the sole investor. In India, excess spending by the central government is restricted under Fiscal Responsibility and Budget Management Act, 2003 and for the state governments under state-specific Fiscal Responsibility Legislations. The Act limits the fiscal deficit (FD) to 3 per cent of GDP for central government and 3 per cent of GSDP for state governments. FD is capped due to its adverse impact on macroeconomy. However, the available literature shows mixed evidence. Most importantly, revenue deficit (RD) component covers major portion of FD and only a meagre amount is left for capital investments. This article debates whether 3 per cent cap on FD is advisable in all the circumstances and also analyses whether infrastructural investment gap can be filled with available fiscal-deficit amount. This article finds that there is an infrastructural investment gap of ‘5,165.20 billion in the 12th Plan period and concludes that it makes no harm even though FD crosses 3 per cent cap given that amount in entirety is spent on capital formation.
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Gaponenko, Yu V. "Innovative Processes in Infrastructural Ensuring Economic Growth of the Region." Vestnik Volgogradskogo gosudarstvennogo universiteta. Serija 10. Innovatcionnaia deiatel’nost’, no. 1 (March 2014): 6–10. http://dx.doi.org/10.15688/jvolsu10.2014.1.1.
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Olatunji, Shobande, and Etukomeni Charles. "Infrastructural Investment and Industrial growth: A Private Investment Led Approach." Ethiopian Journal of Business and Economics (The) 6, no. 2 (March 25, 2019): 159. http://dx.doi.org/10.4314/ejbe.v6i2.2.
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Ogundipe, Adeyemi A., Queen Esther Oye, Oluwatomisin M. Ogundipe, Romanus Osabohien, and Jorge Miguel Lopo Gonçalves Andraz. "Does Infrastructural Absorptive Capacity Stimulate FDI-Growth Nexus in ECOWAS?" Cogent Economics & Finance 8, no. 1 (January 1, 2020): 1751487. http://dx.doi.org/10.1080/23322039.2020.1751487.
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Nedozi, Fidelis O., Jude O. Obasanmi, and J. A. Ighata. "Infrastructural Development and Economic Growth in Nigeria: Using Simultaneous Equation." Journal of Economics 5, no. 3 (December 2014): 325–32. http://dx.doi.org/10.1080/09765239.2014.11885008.
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Chijioke, Amadi Kelvin, and Alolote Ibim Amadi. "Government Expenditure on Infrastructure as a Driver for Economic Growth in Nigeria." JOURNAL OF INTERNATIONAL BUSINESS RESEARCH AND MARKETING 5, no. 2 (2020): 20–26. http://dx.doi.org/10.18775/jibrm.1849-8558.2015.52.3004.
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This study primary examines the effects of government infrastructural expenditure on economic development in Nigeria. Secondary data sourced from reported annual spending on selected infrastructure and annual Gross Domestic Products were statistically analyzed. The data treatments used for the secondary data were unit root and co-integration tests using Augmented Dickey–Fuller and Phillip–Perron model. Weighted least square was also used to test the sample of 37-year annual time series using vector error correction model. The data analysis was done with descriptive statistics. Findings from the study revealed that government spending on transport, communication, education and health infrastructure have significant effects on economic growth; spending on agriculture and natural resources infrastructure recorded a significant inverse effect on economic growth in Nigeria. An element of fiscal illusion was observed in the government spending on agriculture and natural resources indicating that government is not contributing as much as the private sector in spending on agriculture and natural resources infrastructure in Nigeria.
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Ozekhome, Hassan O. "IS HUMAN CAPITAL ACCUMULATION A GROWTH DRIVER IN NIGERIA? AN EMPIRICAL INVESTIGATION." Oradea Journal of Business and Economics 3, no. 2 (September 2018): 66–77. http://dx.doi.org/10.47535/1991ojbe052.
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Accumulation of human capital is critical to sustained economic growth in the long run, since it facilitates the efficient absorption of new capital developments, improves the speed of adaptation of entrepreneurs and generates innovation necessary for sustained economic growth. It is against this premise this study investigate the human-capital accumulation growth-nexus in Nigeria. Employing a dynamic approach, involving test for unit roots, and cointegration, and finally, the Generalized Method of Moments (GMM) estimation techniques on annual time series data, covering the period 1981 to 2016, sourced from the World Bank Development Indicators (WDI) and Central Bank of Nigeria (CBN) Statistical Bulletin, the empirical findings reveal that human and physical capital accumulation significantly induce rapid and sustained economic growth in the long-run. The other variables- infrastructural development (measured by ICT infrastructure) and industrial output (a measure of industrialization) have positive but weak impacts on economic growth, on account of the weak infrastructural development, and low level of industrialization in Nigeria. Inflation rate (a measure of macroeconomic policy environment) on the other hand, is found to have a militating effect on economic growth. We recommend amongst others; sustained investments in human and physical capital accumulation, stable and coherent macroeconomic policies, particularly with respect to taming of domestic inflationary pressures, supportive institutional structures and aggressive industrialization-enhancing policies, in order to enhance sustained economic growth in Nigeria.
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Alemu, Minyahil, and Amsalu Dachito. "Rural infrastructure and smallholders commercialization: analysis of crop input market from Jimma Zone, South-West Ethiopia." International Journal of Financial, Accounting, and Management 2, no. 3 (September 15, 2020): 185–97. http://dx.doi.org/10.35912/ijfam.v2i3.202.
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Purpose: This study is aimed to examine the effect of rural infrastructure on smallholders’ crop input market participation with reference to Jimma zone. Research methodology: Censored Tobit approach was employed to model relationships between the degree of household market participation from input side and rural infrastructures. Results: Distance to the nearest all-weather-road from the farm area was found important. Moreover, provision of rural credit, communication and rural market services was found to significantly foster smallholder commercialization. Unfortunately, we estimated trivial coefficient for agricultural extension. Limitation: This study is limited to a year data, where we are unable to estimate the long term impact of rural infrastructural service on rural commercialization. Contribution: Various inadequacies in the provision of services may likely be involved. The right approach for the future should consider efficiency as well as the adequacy of the services being provided. It would be better to provide smallholders with the necessary infrastructures to ensure growth as well as the transformational targets. Besides, interventions intensifying rural access to information are vital. Keywords: Censored Tobit, Commercialization, Crop input Market index, Infrastructure, Smallholder
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Makuyana, Garikai, and Nicholas M. Odhiambo. "Public and Private Investment and Economic Growth: An Empirical Investigation." Studia Universitatis Babes-Bolyai Oeconomica 63, no. 2 (August 1, 2018): 87–106. http://dx.doi.org/10.2478/subboec-2018-0010.
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Abstract This paper provides new evidence to contribute to the current debate on the relative impact of public and private investment on economic growth and the crowding effect between the two components of investment in South Africa. Using annual data from 1970 to 2017, the study applies the recently developed Autoregressive Distributed Lag (ARDL)-bounds testing approach to cointegration. The study finds that private investment has a positive impact on economic growth both in the long run and short run, while public investment has a negative effect on economic growth in the long run. Further, in the long run, gross public investment is found to crowd out private investment, while its infrastructural component is found to crowd in private investment. The results of the study also reveal that both gross public investment and non-infrastructural public investment crowd out private investment in the short run. Overall, the study finds private investment to be more important than public investment in the South African economic growth process and that the importance of infrastructural public investment in stimulating private investment in the long run cannot be over-emphasized.
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Andriy, Pavliv, and Shuldan Larysa. "IMPULSE DEVELOPMENT OF CITIES CAUSED BY THE RANGE OF CERTAIN INFRASTRUCTURAL FACTORS. FORMS AND EXPERIENCE." Vìsnik Nacìonalʹnogo unìversitetu "Lʹvìvsʹka polìtehnìka". Serìâ Arhìtektura 3, no. 1 (June 15, 2021): 100–108. http://dx.doi.org/10.23939/sa2021.01.100.
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The issue of impulse development of cities caused by different infrastructural factors is considered. It has been determined that rapid development of urban planning structure which occurred over a short period of time can be viewed as an effective urban planning impulse, with the exception of the following conditions, when they: a) did not lead to sustainable results, b) did not solve the basic problems of life support; c) originated from the modernist legacy of total urban planning, which considered the possibility of creating a large urban structure from scratch, based on a one-time master plan). According to the history of their development, urban structures fall into two major categories: evolutionary and impulse-based. Evolutionary category includes the cities which have developed gradually, without any significant spurts from the original core, through the long-term accumulation of complications. While the cities, which fall into the impulse-based category are characterized by a stage of sharp acceleration of development or a kind of a growth spurt, followed by either stabilization or a relative slowdown. Given the task set in this study, this category of the cities was selected as the object of further consideration. Based on the analysis of the source base, four basic factors of historical urban planning have been outlined, which can be considered as impulse factors in the form of clearly expressed changes - infrastructural, demographic, economic, myth-making. Taking Tenochtitlan, Stockholm and Alexandria as the example, the content and functional structure of infrastructural impulse changes have been outlined. By these we mean rethinking of life support systems, which leads to sharp population growth and employment diversification. To become a ‘growth spurt’ factor, such changes must contain a number of special qualities: convenience, accessibility and uniqueness. Convenience is the difference in the use of infrastructural benefits between the locality in which the impulse change takes place and other similar cities. Accessibility means the ability to use (access) the infrastructural benefits by as many residents as possible. While uniqueness stands for a feature or set of infrastructure features that are notably absent in the cities of the competing area.
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Ben, Sidiq Okwudili. "Significance of Road Infrastructure on Economic Sustainability." American International Journal of Multidisciplinary Scientific Research 5, no. 4 (October 5, 2019): 1–9. http://dx.doi.org/10.46281/aijmsr.v5i4.405.
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This study buttressed on the theories explaining the significance of road infrastructure on economic sustainability. Road infrastructure is essential for banishing hunger, alleviating poverty, and improving the quality of human life. Road transport is a means of transport that offers door-to-door transport which is suitable for the delivery of finished goods to consumers. Road infrastructure has the potentials of transforming subsistence farming into a commercial and dynamic farming system which unlock the potentials embedded in rural areas. Understanding the conditions in which more or new road infrastructure does indeed foster economic growth is crucial for efficient management of road infrastructural project. Neoclassical growth theory, endogenous growth theory, growth pole, and growth centre theory were discussed. This paper concludes that public investment should not be constrained by accounting methods that impede a focus on economic returns, and road pricing strategy should be adopted in Nigeria because of its benefits of spreading demand for road transport, minimizing congestion and overcrowding, improving reliability and delivering benefits to the wider economy.
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Ifeanyi Onuka, Onwuka,, and Nwafor, Michael. "Tackling Infrastructural Gap in Nigeria: The Pension Fund Option." Applied Economics and Finance 5, no. 2 (January 25, 2018): 73. http://dx.doi.org/10.11114/aef.v5i2.2952.
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The paper reviewed the prospect of using the hugely untapped pension funds to bridge infrastructural financing gap in Nigeria. Infrastructure financing is estimated to cost Nigeria a total investment of USD2.9 trillion over the next 30 years to bring it to the level that can be competitive and self-sustaining. This huge investment outlay is clearly beyond the yearly fiscal operations of government. However, there is a glimmer of hope by way of pension funds, which as at August, 2016, is in excess of N5.9 trillion. This phenomenal growth in pension funds presents a rare opportunity to bridge the nation’s current infrastructure gap by leveraging part of the huge pension assets for developmental purposes. The authors argued that there is need to review the regulatory and institutional framework in pension funds administration to make way for a creative use of some of the pension funds to fund infrastructure – creating a veritable profitable investment outlay for the pension funds contributors and at the same time providing the needed funding for critical infrastructure financing in the country.
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Peter, Siyan, and E. Adegoriola Adewale. "An assessment of nexus between infrastructural development and Nigerian economic growth." African Journal of Business Management 11, no. 18 (September 28, 2017): 470–77. http://dx.doi.org/10.5897/ajbm2016.8079.
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Fedderke, J. W., P. Perkins, and J. M. Luiz. "Infrastructural investment in long-run economic growth: South Africa 1875–2001." World Development 34, no. 6 (June 2006): 1037–59. http://dx.doi.org/10.1016/j.worlddev.2005.11.004.
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KIRKPATRICK, L. OWEN, and MICHAEL PETER SMITH. "The Infrastructural Limits to Growth: Rethinking the Urban Growth Machine in Times of Fiscal Crisis." International Journal of Urban and Regional Research 35, no. 3 (April 12, 2011): 477–503. http://dx.doi.org/10.1111/j.1468-2427.2011.01058.x.
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Rattanawiboonsom, Vichayanan, and Muhammad Mahboob Ali. "Factors affecting entrepreneurial management in Bangladesh: an empirical analysis." Problems and Perspectives in Management 14, no. 3 (November 10, 2016): 677–90. http://dx.doi.org/10.21511/ppm.14(3-3).2016.11.
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Economic growth is considered as an important objective for national governments for which entrepreneurial management is required. This paper introduces issue on the business creation by women and the factors which are instrumental in their success including economics, institutions and infrastructural factors have been taken as major factors. The study used both primary and secondary sources. The study used hypotheses testing considering four factors of entrepreneurial facilities such as male and female entrepreneurs, infrastructural and institutional requirements, and economic factor whether helps to enhance growth of entrepreneurial management of the country. Authors’ observed that the nature of SME activities is less favorable for women entrepreneur than the men entrepreneur. The authors suggested that the number of women entrepreneurs at rural areas should be increased through establishing community banks at a cheaper rate. In the formal sector, financial organizations are being required for developing proper steps to poverty alleviation, public-private and foreign strategic alliances and implementation procedures are required with special emphasis on achieving sustainable development goals (SDGS) of the country. Keywords: Bangladesh, economic factor, entrepreneurship, women, infrastructure, institutional. JEL Classifications: L26, O43
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Martinez Oliva, Juan Carlos. "On the Road: Connectivity infrastructures in Southeast Asia." Journal of Infrastructure, Policy and Development 1, no. 1 (March 13, 2017): 98. http://dx.doi.org/10.24294/jipd.v1i1.6.
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This paper considers the problems surrounding the implementation of road infrastructure plans in a policy perspective. As the main pillar of regional connectivity, road networks provide the link across national markets, foster strong and sustainable economic growth, help meeting people’sbasic needs, and promote trade and competiveness. It is argued that planning, implementing, and managing good transportation infrastructures poses a series of challenges that require competence, good governance, and the availability of funds. Such problems become more complex when road projects encompass different states and become transnational. The regional dimension of connectivity involves both opportunities and risks; a cooperative attitude by all parties is viewed as the best ingredient to achieve a positive balance. Since most countries cannot still rely on domestic resources, the paper stresses the role of virtuous policies in directing capital flows from abroad towards the infrastructural projects of Southeast Asia.
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Yelwa, Mohammed, S. A. J. Obansa Awe, and Emmanuel Omonoyi. "Informality, Inclusiveness and Economic Growth in Nigeria." International Journal of Management Science and Business Administration 1, no. 10 (2015): 33–44. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.110.1003.
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The concept of inclusive growth requires analysis of how employment opportunities arise and change with growth process. Economic growth can be accompanied by an increase in informal employment. Informality may support growth by reducing labor cost and improving competitiveness. However, a well-functioning and regulated informal economy will be a critical prerequisite to achieve sustainable growth. In addition, a widespread informality with regard to employment, enterprise, and productive activities is frequently perceived as a barrier to full participation in the economy and as a hindrance to long-run economic development and poverty alleviation. This is because the link between, informality, growth and inclusiveness is not fully understood. Inclusive growth has been defined as growth that takes place in a context in which economic opportunities-including employment opportunities expand, the poor’s access to these opportunities improves, and inequalities are reduced. This paper seeks to investigate the impact of informal sector activities, inclusiveness and economic growth in Nigeria. A survey method will be use to collect data from 150 informal sector operators in Gwagwalada area council-FCT. Data will be collected using structured questionnaire and analyzed with multivariate Panel Logit model statistic in order to identify the perception of socio-economic impact of Informal sectors on economic growth in Nigeria. The findings revealed that informal sector operators has a positive and significant impact on growth in Nigeria; while poverty-mentality, illiteracy, high inflation, low infrastructure, access to credit, social safety nets and information dissemination are the major problems encountered by these institutions. The paper recommends among other things the education of the rural poor to embark on viable projects, infrastructural development and favorable government policies so as to regulate the sector becomes relevant
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Ostovskaya, Anastasiya. "Increase of the Infrastructure Competitiveness of the Republic of Crimea on the Basis of Public and Private Partnership." Regionalnaya ekonomika. Yug Rossii, no. 3 (October 2019): 118–25. http://dx.doi.org/10.15688/re.volsu.2019.3.12.
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The article maintains the idea that regional development and the growth of its competitive power in the conditions of a new economic system evolving in Russia requires the creation of an adaptive and regulated infrastructural system. The competitive power of a separate region is currently defined by a well-organized infrastructure system corresponding to the existing conditions. Therefore, the article offers the author’ concept of the regional mechanism of competitiveness based on the infrastructural development that can be applied regionally. The tools for its implementation are also identified. The findings of the research suggest that public and private partnership performs as an efficient tool of regional infrastructural development, whereas infrastructure itself has a significant impact on the competitive power and innovative potential of the region. The author presents the stages of the infrastructural project development. The analysis of the legal acts regulating the public and private partnership in Russia and the Republic of Crimea shows that the mechanism of public and private partnership remains to be a comparatively new phenomenon for Russia, whereas in the Republic of Crimea the legal framework is still being developed. The author proposes the mechanism of public and private partnership as a means of the implementation of major socially oriented projects by means of mutual efforts of governmental authorities and private businesses. The advantages of such public and private partnership projects are defined for both parties – the state and private investors. Public and private partnership allows expanding into new market segments, developing various economic sectors and implementing innovations, providing the competitive power of the region, improving the corporate social responsibility of businesses and thus this type of cooperation contributes to the reduction of social tensions in the region and a better life quality.
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Saxena, Manvi, Varun Chotia, and N. V. Muralidhar Rao. "Estimating the Efficiency of Public Infrastructure Investment: A State-wise Analysis." Global Business Review 19, no. 4 (May 15, 2018): 1037–49. http://dx.doi.org/10.1177/0972150918772975.
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The objective of this study is to empirically analyse the relationship between public infrastructure investment and economic growth for India using yearly data for its 28 states (excluding Telangana). We have taken six major sub-sectors falling under infrastructure sector: transport; education, sports, arts and culture; energy; medical and public health; telecommunication; and water supply and sanitation. We have aimed to analyse the efficiency of each of these sub-sectors using data envelopment analysis (DEA). For every state, we have used the public investment data from the state budget files as input while sector-specific infrastructural criterions and sector-wise revenue are taken as outputs. We have gone by the logic that a state’s particular sub-sector of infrastructure will be highly efficient if it is able to use up the investment allotted to it and create a stronger infrastructure as compared to other states, subsequently generating higher amount of revenues. For each sector, various infrastructural criteria were clubbed together using principal component analysis technique to construct a single infrastructure index (representing the sector-wise output). Further, DEA was applied to calculate efficiency for each Indian state and they were ranked based on their efficiency scores. The analysis tells us that policy-making and budget allocation may be done in accordance with standing performances of different states in various sectors and the goals of the respective state governments.
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R. C. Okoro, Donatus E. Bassey,. "Broadband – Infrastructural Deficit and ICT Growth Potentials in Cross River State, Nigeria." International Journal of Innovative Research in Computer and Communication Engineering 4, no. 5 (May 30, 2016): 8465–76. http://dx.doi.org/10.15680/ijircce.2016.0405056.
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R. C. Okoro, Donatus E. Bassey,. "Broadband – Infrastructural Deficit and ICT Growth Potentials in Cross River State, Nigeria." International Journal of Innovative Research in Computer and Communication Engineering 4, no. 5 (May 30, 2016): 8465–76. http://dx.doi.org/10.15680/ijirset.2016.0504056.
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Feckova Skrabulakova, Erika, Monika Ivanova, Andrea Rosova, Elena Gresova, Marian Sofranko, and Vojtech Ferencz. "On Electromobility Development and the Calculation of the Infrastructural Country Electromobility Coefficient." Processes 9, no. 2 (January 25, 2021): 222. http://dx.doi.org/10.3390/pr9020222.
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The question of electromobility is greatly discussed theme of the present especially in connection with the reduction of greenhouse gas emissions. In order to fulfill decarbonization targets, incentives of many countries lead to the support of electromobility. In this paper we ask to which extend are Visegrád Group countries prepared for the widespread utilization of electric cars and define a new coefficient K called the infrastructural country electromobility coefficient. Its computing is covered by appropriate analysis and calculations done previously. Several indices that keep particular information about the state of preparation for electromobility are defined and debated here, as well. Their product forms the coefficient K. Obtained results include outcomes and discussion regarding the level of infrastructural electromobility preparedness for the chosen states, among which we extra focus on the position of Slovakia compared to the European Union average and European electromobility leaders. Based on the data obtained, we found out that the stage of preparation of Slovakia for electromobility among Visegrad Group countries is rather good, although it is far behind the European Union leaders. We realized that there was a rapid growth of electromobility infrastructure in Slovak Republic in the last five years as its infrastructural country electromobility coefficient grew 334 times.
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Scheerlinck, Kris. "STREETSCAPE TERRITORIES AND THE CASE OF ADDIS ABABA." Journal of Research in Architecture and Planning 19, no. 2 (December 25, 2015): 12–21. http://dx.doi.org/10.53700/jrap1922015_2.
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Urban transformation is directly related to the planning, design and use of a series of urban infrastructures, from streets to highways, from pedestrian, bicycle, bus or train lines and their connecting transport hubs to rivers, canals or harbor facilities. They play an essential role in the transformation of the urban fabric. Recent societal changes, especially in developing countries, demanding higher mobility and urban interaction, influence the used planning and design strategies to transform or extend urbanized areas by planning or renewing these infrastructures. However, its relationship to the surrounding urban fabric, more specifically the collective spaces it constitutes at the level of the streetscape, is not always an initial or integral part of providing these infrastructures. In many cases, the urban fabric is wrapped around or fragmented by these infrastructural projects, causing scale contrasts and struggle to integrate within, generating processes of misappropriation or misuse. Especially in developing contexts, new infrastructures are often planned and built in a fast way, rarely considering the qualities of the existing urban fabric. During the last decades, research on planning and design models related to the building or integrating of urban infrastructures has been developed and tested via specialised disciplinary approaches to produce insights on the relationship urban infrastructures have with the surrounding urban fabric (Secchi, 2013; Hasan, et. al. 2010; Shannon and Smets, 2009; De Maulder, 2008; Hillier, 1996;). However, additional in-depth research is needed to achieve critical insights on the relationship of infrastructures and their direct environments, starting from their constituent streetscapes - considering the level of the street that defines the perception and use by the inhabitants at an intermediate scale. This paper focuses on an ongoing research project in Addis Ababa (Ethiopia), where different visions and models of urban growth are at stake (Figure 1). The recent increase of (foreign) investment in major infrastructures, changes the city's streetscapes drastically. This large scale and formal approach of installing high speed trains, Light Rail Transit's (LRT) or expanded highways and ring roads, to stimulate urban growth, contrasts with the daily routines of the proper citizens that move around by walking or by means of mini buses, both adding to the informal qualities of the city's streetscapes. Within this multi-centred capital, the location of built and planned housing projects, commercial centres, administrative or commercial high rises is studied in relation to the present infrastructural axes and questions models of proximity, accessibility and permeability. Keywords: Streetscapes, High Speed Trains, LRT, Addis Ababa, Infrastructure
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Tefere, Mulu, Dambush Hadush, and Leake Abrha. "The Effect of Tourism Growth on Job Creation and its Determinants in Tigray Region." African Journal of Hospitality, Tourism and Leisure, no. 10(3) (June 30, 2021): 1013–24. http://dx.doi.org/10.46222/ajhtl.19770720-146.
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The objective of this study is to examine the effect of tourism growth on job creation and its determinants in Tigray. Descriptive research design was used in the study. Data was collected through self-administered questionnaire from purposively selected 102 hotels, tour guides, handicraft producers and sellers, and tourism offices. The data was analyzed using descriptive analysis, correlation and regression. The results of the study showed, limited infrastructure hinders stimulation of tourism and employment. Tourism growth has great contribution to employment creation in Tigray. The result indicates more effort is required to improve the factors that can affect tourism growth. Significant positive correlation exists between tourism growth and employment creation. Moreover, the proportion of the variation in tourism growth is explained by expanding infrastructure, accommodations, and education and training. The number of employees under star hotels, tour guides, handicraft producers and sellers, and tourism offices were growing in the last four years. Implications from this study indicate that Tigray Culture and Tourism Bureau should work in collaboration with private and governmental local stake holders and international development organizations to improve the infrastructural facilities of tourism and tourism promotional capability.
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Ivanov, Vladimir. "Development Potential of Public and Private Partnership of Southern Russian Regions for Implementing Infrastructural Projects." Regionalnaya ekonomika. Yug Rossii, no. 3 (October 2019): 107–17. http://dx.doi.org/10.15688/re.volsu.2019.3.11.
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The necessary condition determining the steady growth and security of economic development is full functioning and development of infrastructure. The article emphasizes that the observed instability of real expenditures of the federal budget and territorial entities of the Russian Federation for infrastructural industries and also their uneven distribution both from the point of view of the economic sector and the region proved the need of searching non-budgetary sources for encouraging the economic development. Public and private partnership is thought to be a fundamental instrument of private investment attraction. The article states the possibilities of participation of private firms in implementing infrastructural projects in combination with the government support when the integral powers and immanent functions of the state remain. The interests of using this instrument for the government lies in the budget expenditure reduction, increase in their efficiency, implementation of obligations of various character, in particular social ones. For private enterprises these interests are presented by governmental guarantees, the distribution of risks, possibility of participation in long-term projects and attraction of debt financing, political support of the state. Despite the dominating role of the government participation in implementing infrastructural projects, the value of public and private partnership from the point of view of financial security increases every year. The mutually agreed policy and coordination of joint efforts for expanding and mobilizing financial resources and implementing and modernizing infrastructural projects using these funds is expected to become a basis for the interaction of the government and private organizations. The article analyzes the available potential of the regions of Southern Russia in the context of creating conditions for developing public and private partnership for implementing infrastructural projects. The information for this research is the systematized data of the PPP Development Center. The author presents the best examples of implementing infrastructural projects with the attraction of private investments. The paper points out the priority infrastructural projects implemented with the use of the public-private partnership mechanism, which is planned for implementing in the region as well. The assessment of the level of public and private partnership development in the regions under analysis confirmed the increasing potential of the investment attraction for implementing infrastructural projects. On the basis of the analysis of the institutional environment development condition and legal basis, the author makes a conclusion on the decrease of the importance of these factors when determining the rating of regions of Southern Russia in the sphere of public and private partnership and an increase of such an indicator as “Experience of implementing projects”.
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Sarup, Jyoti, and Akinchan Singhai. "Study of Various Image Fusion Approaches for Extraction and Classification of Infrastructural Growth." Journal of the Indian Society of Remote Sensing 41, no. 1 (March 29, 2012): 191–97. http://dx.doi.org/10.1007/s12524-012-0206-7.
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Godinez Madrigal, Jonatan, Pieter van der Zaag, and Nora van Cauwenbergh. "A half-baked solution: drivers of water crises in Mexico." Proceedings of the International Association of Hydrological Sciences 376 (February 1, 2018): 57–62. http://dx.doi.org/10.5194/piahs-376-57-2018.
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Abstract. Mexico is considered a regional economic and political powerhouse because of the size of its economy, and a large population in constant growth. However, this same growth accompanied by management and governance failures are causing several water crises across the country. The paper aims at identifying and analyzing the drivers of water crises. Water authorities seem to focus solely on large infrastructural schemes to counter the looming water crises, but fail to structure a set of policies for the improvement of management and governance institutions. The paper concludes with the implications of a business-as-usual policy based on infrastructure for solving water problems, which include a non-compliance to the human right to water and sanitation, ecosystem collapses and water conflicts.