Infrastructure Development and Economic Growth in Togo

Aboudou Maman Tachiwou, Ousseini Hamadou

Abstract


This paper provides a broad overview of the relationship between infrastructure and growth, focusing on the Togolese case. The paper develops an intuitive theoretical framework in which to analyse this relationship, identifying channels through which infrastructure may effect growth: as a factor of production, a complement to other factors of production, a stimulus to factor accumulation, a stimulus to aggregate demand and a tool of industrial policy. A framework is developed for evaluating theory analyses of this relationship, which explores the implications of different definitions and measures of infrastructure on economics growth. The empirical literature on Togo is then assessed against this framework.


Full Text: PDF DOI: 10.5539/ijef.v3n3p131

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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