Assessing the Impact of Public Infrastructure Investment on Economic Performance: the Case of India

Gaurav Aakar, Vaibhav Agarwal and Varun Chotia

Romanian Economic Journal, vol. 20, issue 65, 137-152

Abstract: The objective of this paper is to analyze the effects of Public Infrastructure Investment on the economic performance of the Indian economy. We have employed a Structural Vector Autoregressive (SVAR) approach for estimation of linear interdependencies of India’s output. For this study, we have categorized four composite infrastructure sectors which encompass ten major sub sectors of infrastructure. The analysis emphasized that special focus should be paid on Infrastructure Investment in transport sub sector of infrastructure because of its maximum positive returns on output. The policy implications of the results will aid the government to counter the economic and budgetary dilemma.

Keywords: Public Infrastructure Investment; Structural Vector Autoregression (SVAR); stationarity; economic growth (search for similar items in EconPapers)
JEL-codes: C32 E22 E62 H54 O47 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:20:y::i:65:p:137-152

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