Original scientific paper
https://doi.org/10.1080/1331677X.2020.1860799
Impacts of investments in infrastructure projects on emerging markets’ growth: the case of East African countries
Tatjana Horvat
Hendrik Bendix
Vito Bobek
Hazbo Skoko
Abstract
The purpose of the paper is to research fast-growing economies
of East Africa regarding conditions and effects of infrastructure
investments in various sectors and their influence on socio-economic growth. The paper aims to provide insights, knowledge
and a rudimentary blueprint of how Least Developed Countries
can take the first step to initiate dynamic economic growth. An
important question is which infrastructure project should be
financed with the limited available funds of an emerging market.
The authors discuss various infrastructure projects, related conflicts, political issues, social impacts and the growing dependence
on international influences. The structure of investment in East
Africa and its economic playground with different trade agreements, NGOs Aid Programmes and Development Foundations, as
well as International Agreements for development aid is often difficult to understand and its outcome is difficult to measure. So,
the foundation of this paper will be built on in-depth interviews
and statistical research based on the development theories of
Emerging Markets. The authors were able to demonstrate an
influence of infrastructure investments on economic and human
development by a high positive correlation. In addition, 10 out of
13 analysed infrastructure characteristics showed a significantly
positive moderate, high or very high correlation with economic growth.
Keywords
Infrastructure development; investment; socio-economic development; East Africa; emerging markets; FDI
Hrčak ID:
301275
URI
Publication date:
31.12.2021.
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