Impact of Road Infrastructure Investments on the Structural Competitiveness of the Burkina Faso Economy
International Journal of Economic Behavior and Organization
Volume 8, Issue 3, September 2020, Pages: 64-73
Received: Jul. 31, 2020; Accepted: Aug. 17, 2020; Published: Aug. 27, 2020
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Sigue Moussa, Department of Economics and Management, University Ouaga II, Ouagadougou, Burkina Faso
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Abstract
This paper assesses the impact of road infrastructure investments on the structural competitiveness of Burkina Faso's economy over the period 1980 to 2015. The methodology adopted presents, on the one hand, the endogenous growth theory as a theoretical reference framework and, on the other hand, exposes the direct and indirect effects of public infrastructure spending on the performance of the economy. After conducting preliminary tests, an Error Correction Model (ECM) and the results reveal that investment in road infrastructure positively and significantly affects the structural competitiveness of the country's economy. However, this impact varies over time. Indeed, the elasticity of structural competitiveness with respect to road investments is 0.06 in the short term and 0.32 in the long term. In view of these results, the economic policy implication that emerges is that an increase in road infrastructure investment is a policy of increasing the structural competitiveness of the country's economy.
Keywords
Structural Competitiveness, Investment in Public Infrastructure, Burkina Faso
To cite this article
Sigue Moussa, Impact of Road Infrastructure Investments on the Structural Competitiveness of the Burkina Faso Economy, International Journal of Economic Behavior and Organization. Vol. 8, No. 3, 2020, pp. 64-73. doi: 10.11648/j.ijebo.20200803.13
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Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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