Financing options for infrastructure and life ladder in Africa
摘要
This article examines the impact of infrastructure progress on the well-being of people in Africa. It uses a composite index of infrastructure development and data on subjective well-being from 32 African countries for the period 2006–2022. Robust estimation methods are used, including generalized least squares and Driscol-Kraay fixed effects. The results show a positive and significant impact of infrastructure development on the well-being of the African population, which is related to the way infrastructure is financed. Based on the results obtained, we recommend strengthening public–private partnerships for infrastructure financing, considering each country's specific needs.