Interactions among Infrastructure, Trade Openness, Foreign Direct Investments and Economic Growth in India

Sarania, Rahul

doi:10.1177/09749306211023621

Cited by 5 publications

(2 citation statements)

References 37 publications

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“…Among variables that could have a positive impact on the ICT infrastructure development is economic growth (Nair et al, 2020;Pradhan, 2019;Pradhan et al, 2021;Sawng et al, 2021;Roger et al, 2022), GDP per capita (Farooqi, 2020), R&D (Lee et al, 2016;Nair et al, 2020), urbanization (Cohen-Blankshtain & Rotem-Mindali, 2016Farooqi, 2020;Pradhan et al, 2021), inward FDI flaws (Arvin & Pradhan, 2014;Samir & Mefteh, 2020), institutional quality (Farooqi, 2020), education and trade openness (Lee et al, 2016). Variables such as economic growth (Maparu & Mazumder, 2021;Pradhan et al, 2021;Sarania, 2021), urbanization (Maparu & Mazumder, 2021;Pradhan et al, 2021), institutional quality (Di Liddo et al, 2019;Cavalieri et al, 2020), trade openness (Sarania, 2021) and inward FDI stock (Samir & Mefteh, 2020) are discussed as ones which can also encourage the development of transport infrastructure.…”

Section: Methodological Approachmentioning

confidence: 99%

Convergence in transport and ICT infrastructure: Evidence of EU member states

Mačiulytė-Šniukienė,

Dargenytė-Kacilevičienė,

Matuzevičiūtė

2023

Journal of International Studies

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While countries' social and economic well-being depends on various factors, recent research emphasises the importance of transport and ICT infrastructure. To reduce the welfare differences among EU countries, the European Commission and governments have to ensure the convergence of this infrastructure as well. Previous studies have shown that convergence is taking place at the national level, however the situation at the regional level still needs to be determined. In light of this, the study examines transport and ICT infrastructure convergence in EU member states and NUTS 2 regions at different periods. The research methodology is based on the neoclassical approach of convergence, i.e., β-convergence model presented by Barro and Sala-i-Martin (1992). This approach is deemed most appropriate for determining whether the disparities in terms of infrastructure among EU members and regions are diminishing. Research findings present clear evidence of absolute β-convergence in infrastructure development across EU member states and NUTS 2 regions. Strong evidence of transport convergence is identified among EU member states and among NUTS 2 regions, however, it is observed only in one out of the three types of infrastructure. In contrast, the robust evidence of ICT infrastructure convergence is prominent across EU countries and NUTS 2 regions, showcasing substantial reductions in disparities.

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Section: Methodological Approachmentioning

confidence: 99%

Convergence in transport and ICT infrastructure: Evidence of EU member states

Mačiulytė-Šniukienė,

Dargenytė-Kacilevičienė,

Matuzevičiūtė

2023

Journal of International Studies

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“…This also contributes to regional integration into global and national economic systems, as evidenced by studies such as those by Suarez-Villa and Hasnath (1993), which found that infrastructure construction effectively promotes firms' patent output and encourages industrial innovation (Suarez-Villa and Hasnath 1993). Sarania (2021) found that infrastructure construction can promote economic development by increasing the level of trade openness (Sarania 2021). Netirith and Ji (2022) pointed out that connectivity is important to link the community, regional integration, transportation and the direction of international trade import and export performance (Netirith and Ji 2022).…”

Section: Theoretical Background Of Infrastructure Investment and The ...mentioning

confidence: 99%

AIIB Investment and Economic Development of India: The Case of the Gujarat Road Project

Chen,

Cai

2024

JRFM

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The purpose of this study is to verify whether the transportation infrastructure investment carried out by the Asian Infrastructure Investment Bank (AIIB) has promoted the economic development of its recipient countries. Since the establishment of the AIIB, its investments in infrastructure development, aimed at promoting economic growth in Asian developing countries, have garnered considerable attention. This study selects India, the largest recipient country of the AIIB, as the research object and chooses the Gujarat Road Project as the research case, since it is a completed infrastructure construction investment project in the transportation field. This paper provides an overview of the project’s operation and summarizes key factors in the project’s implementation. In the data analysis section, the per capita GDP is selected as the explained variable to measure economic development, and the LASSO regression method is used to select several variables that affect economic development. Moreover, the random forest model is used to obtain the causal relationship between road construction and the per capita GDP from 2001 to 2022. The results indicate that road construction in India has a significant positive effect on per capita GDP growth, the Gujarat Road Project supported by the AIIB also has a positive effect on per capita GDP growth, and this effect is stronger than that at the national level. The main contribution of this work is the validation of the investment strategy of the AIIB and the quantification of the economic contribution of AIIB investment projects to the local area.

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Examining the nexus of infrastructure development and economic growth: Evidence from SAARC countries

Khandelwal,

Chotia,

Sharma

et al. 2024

Problems and Perspectives in Management

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This study investigates the interconnected roles of infrastructure development, financial growth, and economic growth in SAARC nations. Using principal component analysis, the paper develops a composite infrastructure development index, which integrates factors such as access to electricity, telecommunications, air transport, and agricultural land use. This index serves as a comprehensive measure to assess and compare infrastructural progress across the region. Econometric analyses, including Pedroni’s and Kao’s cointegration tests, reveal long-term associations between the studied variables. The results demonstrate a bidirectional relationship between trade openness and GDP growth in the short term, as well as unidirectional influences from inflation to financial development and from infrastructure development to inflation. However, findings vary across SAARC countries, reflecting their diverse economic structures and development stages. Notably, Afghanistan is excluded due to data limitations, emphasizing the region-specific focus of the results. The study highlights the critical role of targeted infrastructure investment and financial sector reforms in fostering sustainable economic growth. Policymakers are encouraged to consider these findings when designing synchronized public and private sector initiatives to bridge development gaps. By offering detailed insights into region-specific dynamics, this study enriches understanding of the complex interplay between infrastructure, finance, and economic growth in emerging economies.

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Interactions among Infrastructure, Trade Openness, Foreign Direct Investments and Economic Growth in India

Cited by 5 publications

References 37 publications

Convergence in transport and ICT infrastructure: Evidence of EU member states

Convergence in transport and ICT infrastructure: Evidence of EU member states

AIIB Investment and Economic Development of India: The Case of the Gujarat Road Project

Examining the nexus of infrastructure development and economic growth: Evidence from SAARC countries

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