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On the Road to Economic Prosperity

Author

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  • Luong,Tuan Anh
  • Azuma,Zenas

Abstract

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 reflects 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 ï¬ 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 ï¬ 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.

Suggested Citation

  • Luong,Tuan Anh & Azuma,Zenas, 2022. "On the Road to Economic Prosperity," Cambridge Books, Cambridge University Press, number 9781009014397.
    • Handle: RePEc:cup:cbooks:9781009014397
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