Liu, C; Itoh, Y and Dawood, N N (2001) Financial analysis on the influence of infrastructure construction on regional economic development. In: Akintoye, A (ed.) Proceedings of 17th Annual ARCOM Conference, 5-7 September 2001, Salford, UK.
Abstract
In recent years, it has been widely recognized that infrastructure construction is highly correlated with economic development, especially in developing countries. The quality and quantity of civil infrastructure systems have a direct bearing on economic growth. Lacks in the provision of infrastructure facilities such as transportation infrastructure systems can severely affect the growth in all economic sectors of a country or a region. Therefore, developing countries are facing the challenges of updating and expanding their infrastructure facilities so that economic growth will not be hampered by the lack of infrastructure construction. This research focuses on modeling the relationships between economic development in terms of the gross domestic product growth rate, and the transportation infrastructure construction growth rates using statistical data reported from government agencies. These relationships are crucial for making financial decisions on transportation infrastructure construction and investment policies both within the transportation modes at the regional level and among regions of a country for a specific transportation mode.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | economic growth; estimation model; transportation; infrastructure |
| Index terms: | transportation infrastructure, economic growth, infrastructure construction, modelling, developing country, economic development, gross domestic product, government agency, estimation, financial analysis, regional economic |
| Subjects: | infrastructure and transport systems, administrative law, development economics, economic development, civil engineering, economic analysis, design economy, financial and cost management, analytical methods |
| Topics: | International Construction, Design Practice, Legal Issues, Engineering Principles, Cost Management, Business Strategy, Sustainability |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here