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On the Road to Economic Prosperity Tuan Anh Luong (De Montfort University, Leicester)

On the Road to Economic Prosperity By Tuan Anh Luong (De Montfort University, Leicester)

On the Road to Economic Prosperity by Tuan Anh Luong (De Montfort University, Leicester)


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Summary

This Element investigates how the Ghanaian household wealth index is impacted by travel time reduction, which is a direct effect of infrastructural investments from 2000 to 2016. It nds that a ten percent reduction in travel time from 2000 to 2015 would result in a 1.2 percent increase in the wealth index from 2003 to 2016.

On the Road to Economic Prosperity Summary

On the Road to Economic Prosperity: The Role of Infrastructure in Ghana by Tuan Anh Luong (De Montfort University, Leicester)

This Element investigates how the Ghanaian household wealth index is impacted by travel time reduction, which is a direct effect of infrastructural investments from 2000 to 2016. The wealth index is constructed based on the possession of selected assets and reects the well-being of residents in Ghana. The Element employs two datasets, the Demographic and Health Survey (DHS) and the DHS Covariates. The two-stage least square estimation is implemented to establish the causal relationship. The Element nds that a ten percent reduction in travel time from 2000 to 2015 would result in a 1.2 percent increase in the wealth index from 2003 to 2016. This nding is robust to various settings, including the addition of more control variables, the use of different instrumental variables, and the study of both short-term and long-term effects. The analysis lends support to the Ghanaian government's current economic and infrastructure development plans.

Table of Contents

1. Introduction; 2. Background; 3. Literature review; 4. Data; 5. Research methodology; 6. Empirical results; 7. Robustness checks; 8. Policy implications and conclusion; Abbreviations; Bibliography.

Additional information

NPB9781009014397
9781009014397
1009014390
On the Road to Economic Prosperity: The Role of Infrastructure in Ghana by Tuan Anh Luong (De Montfort University, Leicester)
New
Paperback
Cambridge University Press
2022-11-03
75
N/A
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