Infrastructure Development (Physical), Economic Growth and Policy Choices: A Cross- Country Analysis

Ahmed Majeed Khan; Saad Naeem; Waseem Abbas

doi:10.33897/fujbe.v9i2.942

Ahmed Majeed Khan Senior Officer Branch Operations, Askari Bank
Saad Naeem Assistant Accounts, BOI, Prime Minister's Office
Waseem Abbas Senior Officer Monitoring, Evaluation & Learning, Forum for Language Initiatives

DOI: https://doi.org/10.33897/fujbe.v9i2.942

Keywords: Economic growth, Infrastructure development, Physical infrastructure.

Abstract

The following study inspects the influence of the physical infrastructure on economic growth of Asian countries.
The countries in the studies are under-develop and have same geographical area. Countries from where data is
selected for examination are Pakistan, China, India, Bangladesh, Iran and Sri Lanka. The data of last 50 years
have been regressed from1970 to 2019 of Pakistan, China, India, Bangladesh, Iran and Sri Lanka. The findings
explain that there is substantial relationship between infrastructure development and economic growth;
infrastructure reflects physical. Energy consumption (oil) other variables proved positively significant
relationship with economic growth. Policy has been recommended for economic growth and approach to value
the variables according to needs and financial constraints and then prioritize the sectors in which government
should invest.