Impact of Economic and Social Infrastructure and Government Final Consumption Expenditures on Economic Growth: An Evidence from Selected Asian Countries

The existing research set forth the impact of economic and social infrastructure along with government final consumption expenditures on economic growth by using panel data from a number of selected Asian nations. The GDP per capita has been used as the dependent variable. However, economic and social infrastructure along with Government final consumption expenditures have been taken as major explanatory factors. The authors have used the random effect technique to analyze an association of dependent and independent variables. Findings reveal that both economic and social capital lead to increased economic growth of the concerned economies. The result also points out that Government final consumption expenditures also result in increased growth of the Asian economies. The study recommends that Asian nations must improve economic and social infrastructure to improve growth and development. In addition, the Government should focus on investments in urban settings to absorb the increasing population. Finally, the Government must ensure the proper allocation and utilization of funds towards developmental projects for achieving high growth.