Developing countries have witnessed a rise in infrastructure spending over the past decades; however, most developed countries, particularly US, continues to decline. As result, 2021, US Congress passed Bipartisan Infrastructure Bill, which invests $1 trillion country’s every year. Using principal component analysis and VAR estimation, we analyzed impact of (transportation water, railway networ...

Traditionally, infrastructure has been considered an essential component of a country’s development. Therefore, European Union (EU) Member States (MS) invest heavily in this area. A lot support for development is also directed from the EU Structural Funds (SF). However, results previous studies do not fully reveal whether contributes to MS’ economic growth and what factors mediate effect. Consi...

In recent years, several countries in Latin America, and around the world, have met the challenge of developing and expanding critical infrastructure by promoting private sector participation in the infrastructure sectors. Recognizing the relevance of the infrastructure sectors for the economic development of firms and industry and the well-being of the population, and given increasing constrai...

The Georgia Institute of Technology (Georgia Tech), a major research university in the United States of America, has a legacy culture of embedding innovation throughout its education and research programs and thus an important role in facilitating economic development within its region. A new strategic vision introduced in 2010 to guide Georgia Tech’s role nationally and internationally, includ...

Aging of the social infrastructure developed during the high economic growth period is now a major problem, and construction of monitoring systems has become an urgent task. In particular, health-monitoring tests using various sensors are being conducted to prevent collapse of bridges and tunnels due to structural degradation. Additionally, in wake of the 2011 Great East Japan Earthquake, high ...