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September 10, 2025

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

Puntos clave

A substantial relationship exists between infrastructure development and economic growth in Asian countries.
The analysis regressed data from 1970 to 2019 for countries including Pakistan, China, and India.
Energy consumption, particularly oil, showed a positively significant relationship with economic growth.
Recommendations for policy changes highlight the need for prioritizing investment in key infrastructure sectors.

Resumen

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 isselected for examination are Pakistan, China, India, Bangladesh, Iran and Sri Lanka. The data of last 50 yearshave been regressed from1970 to 2019 of Pakistan, China, India, Bangladesh, Iran and Sri Lanka. The findingsexplain that there is substantial relationship between infrastructure development and economic growth;infrastructure reflects physical. Energy consumption (oil) other variables proved positively significantrelationship with economic growth. Policy has been recommended for economic growth and approach to valuethe variables according to needs and financial constraints and then prioritize the sectors in which governmentshould invest.

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Foundation University Journal of Business & Economics

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