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Governance, Institutions, and Regional Infrastructure in Asia

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  • Prabir De

    (Asian Development Bank Institute)

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    Abstract

    This study is a comprehensive, empirical analysis of the linkages between governance, institutions, and regional infrastructure. The empirical results indicate that governance and institutions are crucial for regional infrastructure development : every one point improvement in governance results in a 1 to 1.5 point rise in regional infrastructure. Countries (and regions) with higher income, stronger institutions, better governance, and more open economies are likely to have higher levels of regional infrastructure. The findings of this paper suggest that our efforts to promote regional infrastructure must not be limited to traditional policy measures aimed at attracting investment in infrastructure, but must also address policy reform across a number of areas. Thus, institutions and governance must play an important complementary role in strengthening Asias regional infrastructure.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Governance Working Papers with number 22878.

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    Date of creation: Jan 2010
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    Handle: RePEc:eab:govern:22878

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    Keywords: Governance; institutions; Regional Infrastructure; Asia;

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