From Public Infrastructure to National Economic Growth: Do Systematic Investment Practices Matter?

Authors

  • Arwiphawee Srithongrung
  • Kenneth A. Kriz

Abstract

 This paper investigates the path effects of systematic government investment on national growth. We build a theory where government investment practices, along with other institutional variables, affect the quality of a country’s core public infrastructure sys-tem. This, in turn, positively affects national productivity. Using the path analysis meth-od, we test our theoretical framework on a sample of data drawn from 25 developing economies during the period from 1990 to 2000. The results suggest that a unit increase in systematic public investment practices indirectly enhances national productivity with an increase of about $10-$15 in a country’s real per capita GDP through the better condition and service capacity of a country’s core public infrastructure.

Author Biographies

Arwiphawee Srithongrung

Arwiphawee Srithongrung is Associate Professor in the School of Public Administration at the Uni-versity of Nebraska at Omaha, Nebraska, USA. Her research interests include public capital budget-ing and capital financing, economic development, public performance management, and international budget management and fiscal policies.

Kenneth A. Kriz

Kenneth A. Kriz, Ph.D., is Associate Professor of Public Finance and Economics at the University of Nebraska at Omaha, USA. He conducts research focusing on municipal debt economics and admin-istration, public pension fund management, government financial risk management techniques, and revenue forecasting.

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How to Cite

Srithongrung, A., & Kriz, K. A. (2014). From Public Infrastructure to National Economic Growth: Do Systematic Investment Practices Matter?. International Public Management Review, 13(2), 19–50. Retrieved from https://ipmr.net/index.php/ipmr/article/view/113

Issue

Vol. 13 No. 2 (2012)

Section

Articles

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