Not only that

Not only that, the Infrastructure as a Catalyst for regional Integration, Growth, and economic Convergence: scenario Analysis for Asia book which is written by the David Roland-Holst said that “The basic analysis of infrastructure stocks and investment to consider quality or efficiency of infrastructure. Prominent among these is Hulten (1996), who finds that differences in the effective use of infrastructure resources explain one quarter of the growth differential between African and East Asian economies, and more than 40% of that between low- and high-growth countries. In a more generic correlation exercise, Esfahani and Ramirez (2002) find significant growth links arising from infrastructure across a large panel dataset where explicit account is taken of institutional factors affecting infrastructure’s growth performance.”

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