Is Investment in Infrastructure Worth It?

  • Mohammed Aliu Momoh University of Lagos
  • John Emeka Ezike University of Lagos
Keywords: Infrastructure, Procurement, Public Private Partnership, Growth theory, x-Efficiency, Investment in Infrastructure

Abstract

The argument for investment in infrastructure and its implication for economic development have attracted a robust discourse. This paper adds a voice to the significance importance of the subject matter by examining the theoretical arguments for infrastructure investment. We further developed a framework, which explains the need for investment in infrastructure and its flow both as input for recycling and input for further production as a final output for consumption. The study shows that no one individual can provide infrastructure but rather all the activities of the various industries sit on a platform from which payment for its use is shared amongst all users. It concludes that Investments in infrastructure are not just one off event but planned to achieve a robust economic development.

 

 

 

 


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Published
2018-12-31
How to Cite
Momoh, M. A., & Ezike, J. E. (2018). Is Investment in Infrastructure Worth It?. Journal of Business and Social Review in Emerging Economies, 4(2), 197-206. https://doi.org/10.26710/jbsee.v4i2.200