How economic growth and infrastructure development …

Economic infrastructure refers to the facilities, activities and services which support operation and development of other sectors of the economy. These facilities, activities and services help in increasing the overall productivity of the economy. Infrastructure development such as transport improves productivity significantly. ... association between infrastructure and GDP growth is observed in many studies. These studies have indicated that 1 per cent growth in the infrastructure stock is associated with 1 per cent growth in per capita GDP. Natural resources are essential inputs for production in many sectors, while production and consumption also lead to pollution and other pressures on the environment. Poor environmental quality in turn affects economic growth and wellbeing by lowering the quantity and quality of resources or due to health impacts, etc.