Infrastructure and Growth in Africa
The goal of the paper is to provide a comprehensive assessment of the impact of infrastructure development on growth in African countries. Based on econometric estimates for a sample of 136 countries from 1960-2005, the authors evaluate the impact...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090430144152 http://hdl.handle.net/10986/4117 |
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okr-10986-41172021-04-23T14:02:15Z Infrastructure and Growth in Africa Calderón, César COMMUNICATION TECHNOLOGIES CONCESSIONS CONDITIONAL CONVERGENCE CORRELATION MATRIX COVARIANCE MATRIX DISTRIBUTION LOSSES DRIVERS DRIVING ECONOMETRIC CHALLENGES ECONOMETRIC METHODOLOGY ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ELECTRIC POWER ELECTRIC POWER SECTOR ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRODUCTION ELECTRICITY SECTOR ELECTRICITY SERVICES EMPLOYMENT EXOGENOUS VARIABLES EXPANSION FINANCIAL SUPPORT FINANCIAL SYSTEMS FRONT OFFICE GEOGRAPHICAL AREAS GROWTH EQUATION GROWTH RATES HUMAN CAPITAL INCOME INEQUALITY INDUSTRIAL ECONOMIES INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSTALLATION LENGTH OF ROAD LOCAL CALLS LOSS OF INFORMATION MOBILE PHONE MOBILE PHONES NOISE PHYSICAL INFRASTRUCTURE POPULATION DENSITY PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC PRIVATE INFRASTRUCTURE PUBLIC SECTOR PUBLIC UTILITIES QUALITY OF SERVICES RAILWAY RAILWAY NETWORKS RESULT RESULTS RETRENCHMENT ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD NETWORKS ROAD QUALITY ROAD SYSTEM ROADS SANITATION SERVICE QUALITY SET OF STANDARD STOCKS TELECOMMUNICATION TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TELECOMMUNICATIONS NETWORKS TELECOMMUNICATIONS SERVICES TELEPHONE TELEPHONE LINE TELEPHONE LINES TELEPHONE PENETRATION TRANSMISSION TRANSPORT TRANSPORTATION TRANSPORTATION INFRASTRUCTURE USES WATER SERVICES WEALTH WEB The goal of the paper is to provide a comprehensive assessment of the impact of infrastructure development on growth in African countries. Based on econometric estimates for a sample of 136 countries from 1960-2005, the authors evaluate the impact on per capita growth of faster accumulation of infrastructure stocks and of enhancement in the quality of infrastructure services for 39 African countries in three key infrastructure sectors: telecommunications, electricity, and roads.Using an econometric technique suitable for dynamic panel data models and likely endogenous regressors, the authors find that infrastructure stocks and service quality boost economic growth. The growth payoff of reaching the infrastructure development of the African leader (Mauritius) is 1.1 percent of GDP per year in North Africa and 2.3 percent in Sub-Saharan Africa, with most of the contribution coming from more, rather than better, infrastructure. Across Africa, infrastructure contributed 99 basis points to per capita economic growth, versus 68 points for other structural policies. Most of the contribution came from increases in stocks (89 basis points), versus quality improvements (10 basis points). The findings show that growth is positively affected by the volume of infrastructure stocks and the quality of infrastructure services; simulations show that our empirical findings are significant statistically and economically. Identifying areas of opportunity to generate productivity growth, the authors find that African countries are likely to gain more from larger stocks of infrastructure than from enhancements in the quality of existing infrastructure. The payoffs are largest for telephone density, electricity-generating capacity, road-network length, and road quality. 2012-03-19T19:10:17Z 2012-03-19T19:10:17Z 2009-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090430144152 http://hdl.handle.net/10986/4117 English Policy Research working paper ; no. WPS 4914 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Africa Africa Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
COMMUNICATION TECHNOLOGIES CONCESSIONS CONDITIONAL CONVERGENCE CORRELATION MATRIX COVARIANCE MATRIX DISTRIBUTION LOSSES DRIVERS DRIVING ECONOMETRIC CHALLENGES ECONOMETRIC METHODOLOGY ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ELECTRIC POWER ELECTRIC POWER SECTOR ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRODUCTION ELECTRICITY SECTOR ELECTRICITY SERVICES EMPLOYMENT EXOGENOUS VARIABLES EXPANSION FINANCIAL SUPPORT FINANCIAL SYSTEMS FRONT OFFICE GEOGRAPHICAL AREAS GROWTH EQUATION GROWTH RATES HUMAN CAPITAL INCOME INEQUALITY INDUSTRIAL ECONOMIES INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSTALLATION LENGTH OF ROAD LOCAL CALLS LOSS OF INFORMATION MOBILE PHONE MOBILE PHONES NOISE PHYSICAL INFRASTRUCTURE POPULATION DENSITY PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC PRIVATE INFRASTRUCTURE PUBLIC SECTOR PUBLIC UTILITIES QUALITY OF SERVICES RAILWAY RAILWAY NETWORKS RESULT RESULTS RETRENCHMENT ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD NETWORKS ROAD QUALITY ROAD SYSTEM ROADS SANITATION SERVICE QUALITY SET OF STANDARD STOCKS TELECOMMUNICATION TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TELECOMMUNICATIONS NETWORKS TELECOMMUNICATIONS SERVICES TELEPHONE TELEPHONE LINE TELEPHONE LINES TELEPHONE PENETRATION TRANSMISSION TRANSPORT TRANSPORTATION TRANSPORTATION INFRASTRUCTURE USES WATER SERVICES WEALTH WEB |
| spellingShingle |
COMMUNICATION TECHNOLOGIES CONCESSIONS CONDITIONAL CONVERGENCE CORRELATION MATRIX COVARIANCE MATRIX DISTRIBUTION LOSSES DRIVERS DRIVING ECONOMETRIC CHALLENGES ECONOMETRIC METHODOLOGY ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ELECTRIC POWER ELECTRIC POWER SECTOR ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRODUCTION ELECTRICITY SECTOR ELECTRICITY SERVICES EMPLOYMENT EXOGENOUS VARIABLES EXPANSION FINANCIAL SUPPORT FINANCIAL SYSTEMS FRONT OFFICE GEOGRAPHICAL AREAS GROWTH EQUATION GROWTH RATES HUMAN CAPITAL INCOME INEQUALITY INDUSTRIAL ECONOMIES INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INSTALLATION LENGTH OF ROAD LOCAL CALLS LOSS OF INFORMATION MOBILE PHONE MOBILE PHONES NOISE PHYSICAL INFRASTRUCTURE POPULATION DENSITY PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROVISION OF INFRASTRUCTURE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC PRIVATE INFRASTRUCTURE PUBLIC SECTOR PUBLIC UTILITIES QUALITY OF SERVICES RAILWAY RAILWAY NETWORKS RESULT RESULTS RETRENCHMENT ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD NETWORKS ROAD QUALITY ROAD SYSTEM ROADS SANITATION SERVICE QUALITY SET OF STANDARD STOCKS TELECOMMUNICATION TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TELECOMMUNICATIONS NETWORKS TELECOMMUNICATIONS SERVICES TELEPHONE TELEPHONE LINE TELEPHONE LINES TELEPHONE PENETRATION TRANSMISSION TRANSPORT TRANSPORTATION TRANSPORTATION INFRASTRUCTURE USES WATER SERVICES WEALTH WEB Calderón, César Infrastructure and Growth in Africa |
| geographic_facet |
Africa Africa Africa |
| relation |
Policy Research working paper ; no. WPS 4914 |
| description |
The goal of the paper is to provide a
comprehensive assessment of the impact of infrastructure
development on growth in African countries. Based on
econometric estimates for a sample of 136 countries from
1960-2005, the authors evaluate the impact on per capita
growth of faster accumulation of infrastructure stocks and
of enhancement in the quality of infrastructure services for
39 African countries in three key infrastructure sectors:
telecommunications, electricity, and roads.Using
an econometric technique suitable for dynamic panel data
models and likely endogenous regressors, the authors find
that infrastructure stocks and service quality boost
economic growth. The growth payoff of reaching the
infrastructure development of the African leader (Mauritius)
is 1.1 percent of GDP per year in North Africa and 2.3
percent in Sub-Saharan Africa, with most of the contribution
coming from more, rather than better, infrastructure. Across
Africa, infrastructure contributed 99 basis points to per
capita economic growth, versus 68 points for other
structural policies. Most of the contribution came from
increases in stocks (89 basis points), versus quality
improvements (10 basis points). The findings show that
growth is positively affected by the volume of
infrastructure stocks and the quality of infrastructure
services; simulations show that our empirical findings are
significant statistically and economically. Identifying
areas of opportunity to generate productivity growth, the
authors find that African countries are likely to gain more
from larger stocks of infrastructure than from enhancements
in the quality of existing infrastructure. The payoffs are
largest for telephone density, electricity-generating
capacity, road-network length, and road quality. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Calderón, César |
| author_facet |
Calderón, César |
| author_sort |
Calderón, César |
| title |
Infrastructure and Growth in Africa |
| title_short |
Infrastructure and Growth in Africa |
| title_full |
Infrastructure and Growth in Africa |
| title_fullStr |
Infrastructure and Growth in Africa |
| title_full_unstemmed |
Infrastructure and Growth in Africa |
| title_sort |
infrastructure and growth in africa |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090430144152 http://hdl.handle.net/10986/4117 |
| _version_ |
1764389991973126144 |