Master of Science in Economics

Faculty / School

Faculty of Business Administration (FBA)


Department of Economics

Date of Submission



Dr. Mohammad Nishat, Institute of Business Administration, Karachi

Project Type

MSECO Research Project

Access Type

Restricted Access


The study aims at developing an understanding of linkages between infrastructure and economic development by taking Pakistan as a case study. The study investigates the explicit and implicit linkages between transportation infrastructure and economic development. The study uses the data on Railways and Road infrastructure to test the hypothesis. The results support the presence of both direct and indirect linkages between transportation infrastructure and economic development. However, the results vary depending upon the type of infrastructure. The data on roads support the linkages between infrastructure reach, commuting and efficiency and GDP per capita growth. However, the results are weak for railways. Furthermore, the models using lags as weak instruments to account for theoratical endogenety yield better results than three stage least square models for road infrastructure while vice versa for railways.


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