A Study on Impacts of Road Infrastructures on Regional Economy of Developing Nation: A Case Study of Nepal
Date
2017-02
Authors
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Journal ISSN
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Publisher
Pulchowk Campus
Abstract
Road Infrastructure is a backbone of national economy. It causes socioeconomic
development of the nation. A proper planning is required for road infrastructure
development. Proper planning requires the inventory of roads, population and other
socioeconomic parameters. As the economic growth of any nation is related to the
transport infrastructure, transport infrastructure is also called the "infrastructure of
infrastructure". Most of the agricultural products in developing nationsare manufactured
in rural areas and they need to be transported to the urban areas for consumption. The
huge resource of water power, mines, agricultural products are produced in rural areas,
which need to be transported to urban areas for power production, manufacturing of
products, consumptions etc.Establishment of better connectivity between rural and urban
area requires road infrastructures. The study on impact of road infrastructure on regional
economy of developing nation is the main objective of this research. Nepal has been
taken for case study. The GDP per capita of any nation is dependent on the infrastructures
available in the nation. More the roadinfrastructures more will be the economical
transactions and more will be the GDP. This research utilizes the principles of multiple
regression and correlation to study the relationship of road density with GDP per capita
and establishes best fit regression equations. Regression analysis is carried out using MS- Excel and XL-stat software. The independent variables taken here are road density per
100 sq. km and road density per 1000 population. The research also try to analyze the
impact of pavement type on GDP per capita, so the variables are extended for
bituminous, gravel and earthen type roads as well. It is found from the analysis that the
GDP per capita largely depends upon road density of bituminous and graveled road than
that of earthen roads.
Description
Road Infrastructure is a backbone of national economy. It causes socioeconomic
development of the nation. A proper planning is required for road infrastructure
development. Proper planning requires the inventory of roads, population and other
socioeconomic parameters.
Keywords
Road infrastructures, regional economy, GDP per capita, road density