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INSTITUTE OF DEVELOPING ECONOMIES
IDE Discussion Papers are preliminary materials circulated
to stimulate discussions and critical comments
IDE DISCUSSION PAPER No. 261
Infrastructure Development and
Economic Growth in China
Pravakar Sahoo*
Ranjan Kumar Dash**
Geethanjali Nataraj***
October 2010
Abstract
China is the fastest growing country in the world for last few decades and one of the defining features of Chinas growth has been
investment-led growth. Chinas sustained high economic growth and increased competitiveness in manufacturing has been
underpinned by a massive development of physical infrastructure. In this context, we investigate the role of infrastructure in
promoting economic growth in China for the period 1975 to 2007. Overall, the results reveal that infrastructure stock, labour force,
public and private investments have played an important role in economic growth in China. More importantly, we find that
Infrastructure development in China has significant positive contribution to growth than both private and public
investment. Further, there is unidirectional causality from infrastructure development to output growth justifying Chinas
high spending on infrastructure development since the early nineties. The experience from China suggests that it is
necessary to design an economic policy that improves the physical infrastructure as well as human capital formation for
sustainable economic growth in developing countries.
Key words: C
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