Economic growth in South Asia: Role of infrastructure

Sahoo, Pravakar; Dash, Ranjan Kumar

doi:10.1080/09638191003596994

Cited by 117 publications

(73 citation statements)

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“…As the total, the proposed route create cost efficiency for about 33.21% in a single function and 31.43% in multi functions compared to the existing route. These findings are aligned with similar research by other researchers [13,14,15] that agrees that having better connectivity will stimulate regional's economic growth and furthermore, and creating multi functions infrastructure produces optimum benefits for stakeholders [2,4,5].…”

Section: Figure 3 Jambi Province Route Selectionsupporting

confidence: 76%

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Berawi

Zagloel

Miraj

et al. 2016

MST

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Indonesian government attempts to improve connectivity and to increase regional activities in Sumatera Island through the development of Trans Sumatera Toll Road (TSTR). However, despite its benefits to local economic development in Sumatera, the project shows low feasibility due to a low amount of investment. It can be attributed from the lack of planning in the initial phase to produce a comprehensive route that considers the various potentials of the regions. Thus, this research aims to investigate alternative route planning of Trans Sumatera Toll Road particularly in this paper for Central Sumatera by studying Gross Regional Domestic Product (GRDP), population and other significant factors. This research exposes cities and districts in Riau, West Sumatera, and Jambi which potentially contribute to the regional economy. Each selected towns and districts will be integrated with the intermodal system and connected to other functions to establish the Trans Sumatera Toll Road project in Central Sumatera. Compared to existing estimation of investment from public records, this alternative route has generated a competitive cost of investment which is estimated around 118,053,400,074,696 rupiahs. The research findings are expected to become the basis to improve other similar infrastructure toll road project development. AbstractPembangunan Perencanaan Rute Infrastruktur Jalan: Meningkatkan Kelayakan Proyek Jalan Tol. Pemerintah Indonesia berupaya untuk meningkatkan konektivitas dan meningkatkan kegiatan ekonomi regional di Pulau Sumatera melalui pengembangan Jalan Tol Trans Sumatera (JTTS). Namun demikian, proyek tersebut masih menunjukkan kelayakan rendah yang disebabkan minimnya kelayakan investasi. Hal ini disebabkan kurangnya perencanaan pada tahap awal proyek dalam menghasilkan rute komprehensif dengan mempertimbangkan berbagai potensi daerah. Dengan demikian, penelitian ini bertujuan untuk menghasilkan perencanaan rute alternatif Jalan Tol Trans Sumatera (JTTS) khususnya Sumatera bagian tengah. Hal ini dilakukan dengan mempelajari Produk Domestik Regional Bruto (PDRB), populasi dan faktor signifikan lainnya. Penelitian akan menghasilkan kota dan kabupaten di Riau, Sumatera Barat dan Jambi yang potensinya diintegrasikan dengan sistem intermodal dan terhubung dengan fungsi lain pada proyek JTTS bagian Sumatera Tengah. Dibandingkan dengan estimasi biaya yang tercatat dalam catatan publik, rute alternatif ini menghasilkan biaya yang kompetitif yang mencapai 118.053.400.074.696 rupiah. Luaran penelitian diharapkan dapat digunakan sebagai dasar untuk pengembangan proyek infrastruktur lain di Indonesia.

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Section: Figure 3 Jambi Province Route Selectionsupporting

confidence: 76%

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Berawi

Zagloel

Miraj

et al. 2016

MST

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“…Increased life expectancy and a lower fertility rate due to an ageing population are accepted as the most important demographic factors that reduce the number of young workingage people participating in the total labour force, which explains this insignificant effect (Yenilmez, 2015). This reduced participation further increases the proportion of the older people 16 The role of capital formation in economic growth and development has been well established in the field of macroeconomics (Aschauer, 1989;World Bank, 1994;Sahoo and Dash, 2012;Sahoo et al, 2010). in the labour force and thereby limits the growth of the total labour supply in the economy. Such a negative shock in the labour force does not have any effect on economic growth, which may be due to the increasing retirement age in India.…”

Section: Cointegration Resultsmentioning

confidence: 99%

Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis

et al. 2017

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This paper investigates the asymmetric relationship between energy consumption and economic growth by incorporating financial development, capital and labour into a production function covering the Indian economy from 1960Q 1 -2015Q 4 . The nonlinear autoregressive distributed lag bounds testing approach is applied to examine the asymmetric cointegration between the variables. An asymmetric causality test is also employed to examine the causal association between the considered variables. The results indicate cointegration between the variables in the presence of asymmetries. The asymmetric causality results show that only negative shocks in energy consumption have impacts on economic growth. In the same vein, only negative shocks in financial development have impacts on economic growth. By contrast, symmetrically, capital formation causes economic growth. Finally, over the study period, a neutral effect exists between the labour force and economic growth in India. The implications of these results for growth policies in India are also discussed.Keywords: Financial Development, Energy, Growth, India, Asymmetries JEL classification: O13 Acknowledgements: We would like to thank the editor, Professor Richard Tol (University of Sussex, Brighton, UK), as well as the three anonymous reviewers, for their valuable comments and suggestions that helped us improve our paper significantly. We also thank the participants at the 7 th International Research Meeting in Business and Management (IPAG, Nice, France, 11-12 July 2016). We are also grateful to Jawad Kazmi for his technical assistance. The authors' are responsible for any remaining errors or shortcomings. IntroductionThis study uses quarterly data to investigate the relationship between energy consumption and economic growth in India over the 1960-2015 period. Financial development (measured by domestic credit to the private sector), 1 capital formation and labour force 2 are also included in the Cobb-Douglas production function. This study's main contribution to the existing literature on the energy-growth nexus concerns its examination of the potential asymmetric relationship between the variables. Taking this asymmetry into account is important because a positive or negative variation on one variable does not have the same impact on the other variable. The existence of an asymmetric relationship between two variables can be caused by numerous factors, one of which concerns the complexity of economic systems and the mechanisms that generate the variables under study. This complexity may induce various channels through which one variable affects another. In our case, the relationship between energy consumption and economic growth has been found to be very complex because previous studies have shown four possible impact channels: the growth, conservative, feedback and neutrality hypotheses. 3 On the one hand, the relationship between energy consumption and financial development can also be very complex because numerous impact channels can exist between them...

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“…In turn, this should help identify the discrepancies in the development of buildings and infrastructure across different regions of China and provide effective guidelines for investment for buildings and infrastructure [32]. Furthermore, real-time information about the provincial in-use steel stock should facilitate the analysis of the relationship between infrastructure services and economic growth [57][58][59][60]. Long-term modeling of the in-use steel stock could help promote efficient use of materials and provide reliable estimates for recyclable steel in the future [10,[61][62][63].…”

Section: Discussionmentioning

confidence: 99%

Modeling In-Use Steel Stock in China’s Buildings and Civil Engineering Infrastructure Using Time-Series of DMSP/OLS Nighttime Lights

et al. 2014

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China's rapid urbanization has led to increasing steel consumption for buildings and civil engineering infrastructure. The in-use steel stock in the same is considered to be closely related to social welfare and urban metabolism. Traditional approaches for determining the in-use steel stock are labor-intensive and time-consuming processes and always hindered by the availability of statistical data. To address this issue, this study proposed the use of long-term nighttime lights as a proxy to effectively estimate in-use steel stock for buildings (IUSSB) and civil engineering infrastructure (IUSSCE) at the provincial level in China. Significant relationships between nighttime lights versus IUSSB and IUSSCE were observed for provincial variables in a single year, as well as for time series variables of a single province. However, these relationships were found to differ among provinces (referred to as -inter-individual differences‖) and with time (referred to as -temporal differences‖). Panel regression models were therefore proposed to estimate IUSSB and IUSSCE in consideration of the temporal and inter-individual differences based on a dataset covering 1992-2007. These models were validated using data for 2008, and the results showed good estimation for both IUSSB and IUSSCE. The proposed approach OPEN ACCESSRemote Sens. 2014, 6 4781 can be used to easily monitor the dynamic of IUSSB and IUSSCE in China. This should be critical in providing valuable information for policy making regarding regional development of buildings and infrastructure, sustainable urban resource management, and cross-boundary material recycling.

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Economic growth in South Asia: Role of infrastructure

Cited by 117 publications

References 54 publications

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis

Modeling In-Use Steel Stock in China’s Buildings and Civil Engineering Infrastructure Using Time-Series of DMSP/OLS Nighttime Lights

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