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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/923

タイトル: Infrastructure development and economic growth in China
著者: Sahoo, Pravakar
Dash, Ranjan Kumar
Nataraj, Geethanjali
キーワード: China
Infrastructure
Economic development
Investments
China
Investment
L9 - Industry Studies: Transportation and Utilities
H4 - Publicly provided goods
O1 - Economic development
Issue Date: Oct-2010
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 261. 2010.10
抄録: China is the fastest growing country in the world for last few decades and one of the defining features of China's growth has been investment-led growth. China's sustained high economic growth and increased competitiveness in manufacturing has been underpinned by a massive development of physical infrastructure. In this context, we investigate the role of infrastructure in promoting economic growth in China for the period 1975 to 2007. Overall, the results reveal that infrastructure stock, labour force, public and private investments have played an important role in economic growth in China. More importantly, we find that Infrastructure development in China has significant positive contribution to growth than both private and public investment. Further, there is unidirectional causality from infrastructure development to output growth justifying China's high spending on infrastructure development since the early nineties. The experience from China suggests that it is necessary to design an economic policy that improves the physical infrastructure as well as human capital formation for sustainable economic growth in developing countries.
URI: http://hdl.handle.net/2344/923
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

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