Assessing the Policy Provisions and Institutional Behavioural Factors Influencing Rail Infrastructure Financing in Developing Countries

Owusu-Manu, De-Graft and Edwards, D.J. and Ghansah, F.A. and Asiedu, O.A. and Tagoe, D.S.N. and Birch, T. (2021) Assessing the Policy Provisions and Institutional Behavioural Factors Influencing Rail Infrastructure Financing in Developing Countries. ASCE Journal of Infrastructure Systems, 27 (2). ISSN 1076-0342

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Abstract

Purpose: Financing rail infrastructure development in developing countries has hitherto received scant academic attention, especially in empirical developments. This research study assesses the policy provisions and institutional behavioral factors influencing rail infrastructure financing in developing countries such as Ghana.
Methodology: An empirical and positivist epistemological lens was adopted using triangulation between deductive and inductive approaches to test three hypothesis. Methods adopted included questionnaire survey and interviews to gather primary data, and inferential statistics such as Bivariate Linear Regression Analysis.
Findings: Factors identified that inhibit rail infrastructure development in developing countries include: ineffective monitoring and evaluation, a largely neglected rail sector and archaic financing posture. Based upon the findings, prescriptive guidance on financing future rail infrastructure for policymakers and governments is delineated.
Originality: This novel research identifies a number of interventions, that if implemented, will engender socio-economic and regional inter-trade integration and prosperity to the sub-region of West Africa.

Item Type: Article
Identification Number: https://doi.org/10.1061/(ASCE)IS.1943-555X.0000610
Date: 26 February 2021
Uncontrolled Keywords: developing countries, policy provision, rail infrastructure, infrastructure financing
Subjects: K200 Building
Divisions: Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
Depositing User: David Edwards
Date Deposited: 30 Nov 2020 10:17
Last Modified: 04 Mar 2021 16:32
URI: http://www.open-access.bcu.ac.uk/id/eprint/10426

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