1

An Assessment of the Conceptual Framework of Public Infrastructure and Its Impact on Economic Growth

International Journal of Science and Management Studies (IJSMS)
© 2020 by IJSMS Journal
Volume-3 Issue-3
Year of Publication : 2020
Authors : Abdulai Salia Brima
DOI: 10.51386/25815946/ijsms-v3i3p105
Citation:
MLA Style: Abdulai Salia Brima "An Assessment of the Conceptual Framework of Public Infrastructure and Its Impact on Economic Growth" International Journal of Science and Management Studies (IJSMS) V3.I3 (2020): 44-48.

APA Style: Abdulai Salia Brima, An Assessment of the Conceptual Framework of Public Infrastructure and Its Impact on Economic Growth, International Journal of Science and Management Studies (IJSMS), v3(i3), 44-48.
Abstract:
This article sheds light on the conceptual framework of public infrastructure and its impact on economic growth. It does explain the diverse relationship between the stock of infrastructure and economic growth. The main questions that the article addresses are: What is infrastructure? How has infrastructure been perceived? How it impacts the economy?
Keywords: Infrastructure, Social Overhead Capital, Direct Production Process, Production Process, Human Being.
References:
[1] Aigbokan, B.E (1990), “Evaluating Investment on Basic Infrastructure in Nigeria”. Proceedings of the Eighth Annual Conference of the Zonal Research Units organized by Research Department, Central Bank of Nigeria, at Hamdala Hotel, Kaduna, 11-15 June, 1999, p. 208
[2] Agénor etal (2005). “Public Infrastructure and Private Investment in the Middle East and North Africa”. Policy Research Working Paper, March 28.
[3] Aschauer, D. A (1989a). “Is Public Expenditure Productive”? Journal of Monetary Economics, 23: 177-200.
[4] Afonso, W. B. (2014). Fiscal illusion in state and local finance- A hindrance to transparency. Sage Journals, 46(3), 219-228. doi:10.1177/0160323X14550103
[5] Aregbeyeni, O., & Kolawole, B. O. (2015). Oil revenue, public spending and economic growth relationships in Nigeria. Journal of Sustainable Development, 8(3), 114-123.
[6] Connolly, M., & Li, C. (2016). Government spending and economic growth in the OECD countries.
[7] Deepak, Nayyar (2006) “Economic growth in independent India” Lumbering Elephant or Running Tiger”, Economic and Political Weekly, April15, 2006.
[8] Gruening, G. (2001). Origin and theoretical basis of new public management. International Public Management Journal, 4, 1-25.
[9] Hirschman, Albert O. (1958), The Strategy of Economic Development, New Haven: Yale University Press, Chs 4-7
[10] Heath, J. (2009). The uses and abuses of stakeholders’ theory. Business Ethics Quarterly, f 9(04), 497- 528.
[11] Mitchell, D. J. (2005). The impact of government spending on economic growth. Heritage Foundation, 1831, 1-18.
[12] Mourao, P. R. (2008). Towards a fiscal illusion index. Retrieved from campus.usal.es/~XVEEP/.../JlS5/Towards20a%20Fiscal%20Illusion%20Indexl.pdf.
[13] Myint, Hla, “ The Classical Theory of International Trade and the Underdeveloped Countries,” Economic Journal, Vol.68, pp317-31
[14] Nwachukwu, C. C., & Emoh, F. (2011). Building construction project management success as a critical issue in real estate development and investment. American Journal of Social and Management Sciences, 2(1), 56-75.
[15] Nurkse, R (1954), Problems of Capital Formation in Underdeveloped Countries, Manchester School.
[16] Oates, W. E. (1985). On the nature and measurement of Fiscal Illusion: A Survey. Retrieved from https://books. Goggle.com-ng/books.
[17] Odior, E. S. O. (2011). Government spending on education, economic growth and long waves in a CGE micro-simulation analysis: The case of Nigeria. British Journal of Economics, Finance and Management Sciences, 1(2), 74-87.
[18] Okezie, A. I., Nwosu, C., 8t Njoku, A. C. (2013). An assessment of Nigeria expenditure on the agricultural sector: Its relationship with agricultural output (1980-2011). Journal of Economics and International Finance, 5(5), 177-186.
[19] Rostow, WW (1964), The Economics of Take-off into Self Sustained Growth, Ed. Mac Million and Co.Ltd., London p15.
[20] Raheem, S„ Ayana, J. O., & Fashedemi, A. O. (2014). Easing the “Disease” of poverty in Nigeria. Developing Country Studies, 4(19),- 55-66.
[21] Raheem, S., Ayeni, J. O., & Fashedemi, A. O. (2014). Easing the “Disease” of poverty in Nigeria. Developing Country Studies, 4(19), 55-66.
[22] Samuelson, P. A. (1955). Diagrammatic exposition of a theory of public expenditure. The Review of Economics and Statistics, 37(4), 350-356.
[23] Udoka, C., & Anyingang, R. A. (2015). The effect of public expenditure on the growth and development of Nigerian economy (1980-2012). International Review of Management and Business Research, 4(3), 824-835.
[24] United Nations Development Programme (UNDP). (2015). Sustainable development goals. Retrieved from http://www.undp.com
[25] Wells, K. (2015). What is economic growth? - Definition, theory & impact. Retrieved from http://www, study.com/academy
[26] World Bank (1994), World Development Report 1994: Infrastructure for Development, Oxford university Press, New York, p-2
[27] Xue, J. (2010). Arguments for and against economic growth. Retrieved from http://www.barcelona. degrowth.org
[28] Yamane, T. (1967). Statistics: An introductory analysis (2nd ed.). New York, NY: Harper and Row.