Infrastructure Read
The East African Community has long recognised that regional economic integration can yield significant welfare gains to its member states. To that end, the community has been making steady progress towards the removal of tariffs and quantitative restrictions to trade.
The aim of this article is to verify whether public investment in infrastructure is effective in terms of growth. While there is extensive literature analysing the effect of public capital stock on development and growth, comparatively less attention has been devoted to the contractual mechanisms characterising this investment.
Governance is an important determinant for both national and regional infrastructure development for many parts of Asia. This study shows that institutional governance is an important determinant for national and regional infrastructure development. Improved national governance is a necessary condition for enhancing regional governance for effective regional infrastructure development.
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