Logistics Infrastructure Investment and Economic Growth in Africa: China’s Role in the Context of One Belt One Road
Abstract
The goal of this research is to sort out a comprehensive assessment of the Chinese logistics infrastructure investments and their effects on economic growth in African countries. Based on econometric estimates for a sample of 54 countries from 2000-2015, we develop an index infrastructure stocks and estimate growth accounting equations to investigate the impact of infrastructure investment on growth. Using an econometric technique suitable for dynamic panel data bases of the empirical framework developed by D. A. Aschauer, the analysis reveals that there is a significant relationship between infrastructure, private Chinese capital and economic growth in Africa.
Keywords: Logistics Infrastructure Investment, Economic Growth, China-Africa, One Belt One Road
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ISSN (Paper)2222-1905 ISSN (Online)2222-2839
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