The Relationship between Road Infrastructure Development and Long-run Economic Growth in Ethiopia

Badada, Bayissa; Sun, Baiqing

doi:10.1145/3374549.3374555

Cited by 2 publications

(4 citation statements)

References 12 publications

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“…Chinese OFDI catalyzes economic growth in Africa mainly through infrastructure development and its spillovers, technology transfer, enhanced market access, capital accumulation, and improved productivity in the host economies. Additionally, we observe a significant negative impact of inflation on economic growth, consistent with Fischer's (1993) theory, where high inflation correlates with economic instability and reduced investment, a notion that is empirically supported by Balcilar et al (2018), while the positive correlation between transport infrastructure and economic growth resonates with Aschauer's (1989) insights and recent empirical research by Horvat et al (2021) and Badada and Baiqing (2019). Similarly, the positive effect of financial access on economic growth aligns with Inoue and Hamori's (2016) arguments, supported by Bist (2018) and 2004, albeit contradicting findings by Wen et al (2021).…”

Section: Impact Of Chinese Ofdi Stock On Economic Growth In Africa (F...supporting

confidence: 86%

“…(2018), while the positive correlation between transport infrastructure and economic growth resonates with Aschauer's (1989) insights and recent empirical research by Horvat et al. (2021) and Badada and Baiqing (2019). Similarly, the positive effect of financial access on economic growth aligns with Inoue and Hamori's (2016) arguments, supported by Bist (2018) and 2004, albeit contradicting findings by Wen et al.…”

Section: Empirical Results and Discussionsupporting

confidence: 63%

“…For instance, Jedwab and Storeygard (2019) identified a robust association between transportation investments and economic development across 43 sub‐Saharan African countries. Similarly, Badada and Baiqing (2019) employed unit root tests and autoregressive distributed lag models to demonstrate the positive long‐term impact of road infrastructure on economic growth in Ethiopia.…”

Section: Literature Reviewmentioning

confidence: 99%

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Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Fambo,

Shunqi

2024

Social Science Quarterly

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BackgroundRecent years have witnessed a growing interest among academics and policymakers in understanding the mechaninsms through which Chinese outward direct investment (OFDI) impact economic growth in Africa.MethodThis study utilzes a dataset spanning 41 African countries from 2005 to 2020,employing panel‐corrected standard error (PCSE) and quantile regression.ObjectiveThis study explore the mechanisms through which Chinese OFDI stock contributes to economic growth in Africa,with a particular focus on financial development and transport infrastructure.ResultsThe results indicate a significant and positive impact of the interaction between Chinese OFDI stock and both financial development and transport infrastructure on economic growth. The subregional analysis reveals varying correlations across regions, while the quantile regression analysis demonstrates a stronger effect on economic growth as we move to higher quantiles.ConclusionThe study underscores the importance of enhancing infrastructure and financial sector development to attract more Chinese OFDI and maximize its positive impact of economic growth in African nations. Hence, we recommend that African countries improve the infrastructure and financial sector of their country to attract more chinese OFDI and also enhance its effectiveness on their economic growth.

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Section: Impact Of Chinese Ofdi Stock On Economic Growth In Africa (F...supporting

confidence: 86%

Section: Empirical Results and Discussionsupporting

confidence: 63%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Fambo,

Shunqi

2024

Social Science Quarterly

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“…Their discoveries reveal that there was no significant and negative association among transportation and economic development in Turkey. Nonetheless, a researchers contradicted our discoveries (Badada and Baiqing, 2019;Amairia and Amaira, 2017). They researched the connection between economic development and transportation infrastructure utilizing autoregressive distributed lag (ARDL).…”

Section: Discussion Of Findingsmentioning

confidence: 94%

The Role of Some Social Infrastructures Indicators on Economic Growth of Nigeria: A Causality Analysis Approach

Adams¹,

Zubair²,

-Aiyedun³

et al. 2022

Econ.grwth.environ.sust

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This study aimed to examine, model, and compared the impact of investing in some social infrastructures like; transportation, communication technology, power, and educational sector indicators to the economic growth and development of Nigeria. This is important because of their incomparable contributions to the growth and development of a Nation. The data utilized in this study were sourced from the Central Bank of Nigeria (CBN) statistical bulletin, 2021 edition. The collected data were analyzed using the autoregressive distributed lag (ARDL) model. The existence of co-integration between investment in the four social infrastructures and economic growth was confirmed by the ARDL bound. The empirical findings revealed that investment in power has a positive but insignificant long-run effect on economic growth, investment in education positively and significantly affects economic growth while investment in transportation and communication technology were found to be insignificant with a negative impact on the Nigerian’ economic growth in the long-run. It was also discovered that the short-run relationship is somehow similar to the long-run relationship. The study recommends that Government should increase the budgetary allocation to the educational sector to address some of the reasons for the decline in the country’s economic growth as the results also shows that a 1% increase in budgetary allocation to the educational sector increases economic growth by over 5.1% and 1.5% in the long and short-run respectively.

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The Relationship between Road Infrastructure Development and Long-run Economic Growth in Ethiopia

Cited by 2 publications

References 12 publications

Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Driving economic growth in African countries: Do Chinese OFDI sectors matter?

The Role of Some Social Infrastructures Indicators on Economic Growth of Nigeria: A Causality Analysis Approach

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