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Periodical issue Periodical issue Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Infrastructure and economic development in Africa
Editors:Ajakaiye, OluISNI
Ncube, MthuliISNI
Periodical:Journal of African Economies (ISSN 0963-8024)
Issue:1 Supplement
Geographic term:Africa
economic development
External link:https://jae.oxfordjournals.org/content/19/suppl_1.toc
Abstract:The papers in this volume were presented at a workshop on infrastructure and development held in December 2007. An overview by Olu Ajakaiye and Mthuli Ncube is followed by three papers. The first, by César Calderón and Luis Servén, analyses the linkages between infrastructure and economic development in sub-Saharan Africa. Noting that physical infrastructures are rarely homogeneous and analysing a large panel data set for 136 countries, the authors found that infrastructure development is associated with both higher growth and lower inequality. Kennedy K. Mbekeani, in the second paper, presents a review of international experience in infrastructure, trade expansion and regional integration with lessons for Africa. He argues that there is persuasive evidence that adequate infrastructure provision is a key requirement for trade liberalization to achieve its intended objective of efficient resource allocation and export growth. The paper by Mthuli Ncube on financing and managing infrastructure in Africa presents arguments on the relationship between infrastructure investments and economic growth. It shows that the causal nexus between infrastructure capital and economic growth, in general, has been ambiguous. However, sustainable economic growth often occurs in an environment where there is a meaningful infrastructure development. [ASC Leiden abstract]