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Economic impacts of infrastructure investment with different funding mechanisms: evidence from Guinea-Bissau

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  • Júlio Vicente Cateia
  • Luc Savard
  • Clailton Ataídes de Freitas

Abstract

This study aims to analyze the economic impacts of infrastructure investment in Africa, focusing on the Guinea-Bissau economy. Through a dynamic CGE model, we find that the natural resource revenues (or aid)-funded infrastructure investments generate externalities that increase factor returns. The private investment improvements propagate externalities effects on GDP and job opportunities outcomes. Household income and consumption were positively impacted, though the poorer benefited the most. The income inequality has reduced. However, funding by the mix of debt and direct taxes produces opposite effects. We suggest a potential pro-poor growth agenda in Africa.

Suggested Citation

  • Júlio Vicente Cateia & Luc Savard & Clailton Ataídes de Freitas, 2022. "Economic impacts of infrastructure investment with different funding mechanisms: evidence from Guinea-Bissau," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2101226-210, December.
    • Handle: RePEc:taf:oaefxx:v:10:y:2022:i:1:p:2101226
    DOI: 10.1080/23322039.2022.2101226
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    Cited by:

    1. Fereira, Semertesides Bitica & Cateia, Júlio Vicente, 2023. "Trade reform, infrastructure investment, and structural transformation in Africa: Evidence from Guinea-Bissau," Emerging Markets Review, Elsevier, vol. 55(C).

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