Conclusion

John Cockburn, Yazid Dissou, Jean-Yves Duclos and Luca Tiberti
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Jean-Yves Duclos: Université Laval

A chapter in Infrastructure and Economic Growth in Asia, 2013, pp 145-148 from Springer

Abstract: Abstract The structural adjustment policies that were followed during the 1980s and 1990s have produced mixed outcomes, particularly in terms of poverty and inequality reductions. This has spurred, over the years, the international community to ask whether different combinations of public policies could have better development impacts. In particular, it is now often argued that infrastructure development can serve not only as an important source of fiscal stimulus in the short run, but also as a tool for encouraging growth in the longer run and an avenue for generating broad-based economic development. Such broad-based development is especially important since inclusiveness of growth features as an overriding objective of the current development paradigm.

Keywords: Public Capital; Infrastructure Investment; Computable General Equilibrium Model; Household Welfare; Fiscal Stimulus (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:esichp:978-3-319-03137-8_6

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DOI: 10.1007/978-3-319-03137-8_6

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