INFLUENCE OF INFRASTRUCTURE DEVELOPMENT ON ECONOMIC GROWTH IN BRICS COUNTRIES

This paper quantified the impact of infrastructure on economic growth for the BRICS countries. Causal relationship between infrastructural development and economic growth was also analyzed. Two different models have been used for this purpose. For exigency regarding our objectives, data from 1981 -2016 years has been conjured up. Autoregressive Distributed Lag (ARDL) model was applied for the sake of analysis. The findings of study exhibited that transport, and telecommunication infrastructure brings about positive impact on economic growth as compare to energy infrastructure. It is necessary to devise policies that improve will improve physical as well as social infrastructure. In these new times where technology leads the way, special focus should be given to telecommunication infrastructure as the future will draw opulence in this sector.