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To what extent do expansions of infrastructure construct economic growth?
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
2014 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This thesis shows that the relationship between economic growth and expansions of telephone

main lines and electricity generating capacity is two-way, when looking at the period of 1955 -

1995 and half of the world's countries. In other words, expansions of these two kinds of

infrastructure seem to both initiate and be induced by economic growth, highlighting the

problem of much previous research that does not account for a bi-directional relationship.

Furthermore, this research suggests that the effect that these two kinds of infrastructure have on

economic growth was during this period great enough to be of policy interest, and it is likely that

it can explain part of the vast differences seen between countries in GDP per capita today. While

the impact that these two kinds of infrastructure had during this specific time will surely not be

the same in the future, the results still point to a potentially important role for infrastructure

expansions in determining economic growth, even though

the kinds of infrastructure that have

most impact will vary with time and technological progress.

Place, publisher, year, edition, pages
Keyword [en]
Infrastructure, Economic growth, VECM
National Category
Engineering and Technology
URN: urn:nbn:se:kth:diva-147581OAI: diva2:730831
Available from: 2014-06-30 Created: 2014-06-30 Last updated: 2014-10-06Bibliographically approved

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