Developing countries have witnessed a rise in infrastructure spending over the past decades; however, infrastructure spending in most developed countries, particularly the US, continues to decline. As a result, in 2021, the US Congress passed a Bipartisan Infrastructure Bill, which invests $1 trillion in the country’s infrastructure every year. Using the principal component analysis and VAR estimation, we analyzed the impact of infrastructure (transportation and water, railway networks, aviation, energy, and fixed telephone lines) on economic growth in the US. Our findings show that infrastructure spending positively and significantly impacted economic growth. Additionally, the impulse response analysis shows that shocks to infrastructure spending had positive and persistent effects on economic growth. Our results suggest that infrastructure investment spurs economic growth. Based on our findings, sustained public spending on transport and water, railway networks, aviation, energy, and fixed telephone lines infrastructure by the US government will positively impact economic growth in the country. The study also suggests that policies that promote infrastructure spending, such as the Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act) passed by the US Congress, should be enhanced to boost economic growth in the US.
Local scour, a complex phenomenon in river flows around piers with movable beds, can damage bridge piers during high floods. Predicting scour depth accurately is vital for safety and economic reasons, especially for large bridges. This study using hydraulic flume laboratory experiments compared diamond, square, and elliptical pier models of different sizes under steady clear-water conditions considering different flow rates and discharge levels to identify the most efficient shape with less local scour. Local scour, a complex phenomenon in three-dimensional flow around piers in rivers with movable beds, can lead to detrimental effects on bridge piers due to high flood velocities. Accurate prediction of scour depth is crucial for economic and safety reasons, especially for large bridges with complex piers. Hydraulic engineers are keen on forecasting the equilibrium scour depth. To achieve this, laboratory testing compared diamond, square, and elliptical pier models under steady clear-water conditions to identify the most efficient pier shape with less local scour. This research provides valuable insights for optimizing pier design to enhance bridge stability and resilience against scour-induced risks. A variety of configurations, including different sizes and shapes of piers were experimented with in the flume using diamond, square, and elliptical shapes. The test results showed that the local scour depth around elliptical piers was around 29.16% less, and around diamond piers, it was approximately 16.05% less compared to the scour depth observed around square piers with the same dimensions. The researchers also observed distinct patterns of scouring around different pier shapes. Specifically, the square-shaped piers displayed the highest level of scouring depth, that is, 48 mm, followed by the diamond-shaped pier which experienced a scouring depth of 48 mm while the elliptical-shaped piers experienced the least amount of scouring depth, that is, 34 mm. The test results also demonstrated that pier size significantly influences scouring, with an increase in pier size from 3 × 3 cm2 to 5 × 5 cm2 leading to a rise in scour depth by 26.04%. Moreover, this study findings also elucidated that an increase in flow results in an increase of in scouring depth i.e., elevating the discharge from 0.0026 cumecs to 0.0029 cumecs led to a 28.13% increase in scouring depth for the identical pier size. These findings provide valuable insights into the hydraulic behavior of various pier shapes and can aid in the optimization of bridge design and hydraulic engineering practices. The investigations further revealed that local scouring is sensitive not only to pier dimensions but also to other critical parameters, including flow rate, time of exposure, and the size of a pier.
Ecuador acknowledges the need to improve infrastructure and resources for educational inclusion, but it faces challenges in effective implementation compared to developed countries that have made advancements in this area. The objective of this research was to map the regulations and practices related to the implementation of inclusive infrastructure and educational resources at the international level, identifying knowledge gaps and opportunities for adaptation in Ecuador. An exploratory theoretical review was conducted following PRISMA-ScR guidelines, using searches in academic databases and official documents. Qualitative and regulatory studies from the United States, Finland, Canada, and Japan were selected, analyzing 16 scientific articles and 11 official documents. The results reveal that Ecuador faces challenges in the implementation of inclusive regulations, particularly in infrastructure and resources, highlighting the need to establish national accessibility standards, invest in assistive technologies, and offer continuous teacher training to enhance educational inclusion. The research uncovered a negative cycle where the lack of effective implementation of inclusive regulations perpetuates inequality and reinforces institutional inertia. For successful reform, the regulatory structure, resource management, and educational culture in Ecuador must be addressed simultaneously.
This research examines data from 1989 to 2022 across 48 Sub-Saharan African (SSA) countries using a novel panel data regression approach to uncover how conflict undermines economic stability. The study identifies the destruction of infrastructure, disruption of human capital development, and deterrence of investment as primary channels through which conflict negatively impacts economies. These findings support the hypothesis that armed conflict severely hampers economic performance in SSA, highlighting the urgency for effective conflict resolution strategies and robust institutional frameworks. The negative impacts extend beyond immediate losses, altering income growth trajectories and perpetuating poverty long after hostilities cease. Regional spillover effects emphasize the interconnectedness of SSA economies, where conflict in one country affects its neighbors. The research provides innovative insights by disaggregating impact pathways and employing a robust methodology, revealing the complexity of conflict's economic consequences. It underscores the need for comprehensive policy interventions to foster resilience and sustainable development in conflict-prone regions. While there is evidence of potential post-conflict growth, the overall net effect of armed conflict remains profoundly negative, diminishing economic prospects. Future research should focus on strengthening long-term resilience mechanisms and policy measures to enhance the peace dividend. Addressing the root causes of conflict and investing in peace-building efforts are essential for transforming SSA's economic landscape and ensuring sustainable growth and development.
The research utilizes a comprehensive dataset from MENA-listed companies, capturing data from 2013 to 2022 to scrutinize the influence of capital structure (CapSt) level on corporate performance across 11 distinct countries. This study analyzed 6870 firm-year observations using a quantitative research method through static and dynamic panel data analysis. The primary analysis reveals a positive correlation between the CapSt ratio and company performance using fixed effects (FE) techniques. Hence, the preliminary results were re-examined and affirmed using a two-step system generalized method of moment (GMM) estimator to address potential endogeneity concerns. This finding aligns with most studies conducted in advanced countries, indicating a positive correlation between CapSt and corporate performance. Furthermore, it is also consistent with some research conducted in less-developed markets. This research argues that, in the MENA region, the advantages of debt, such as tax saving, may outweigh the potential financial distress cost. Furthermore, it offers insights into the monitoring role of CapSt in MENA-listed companies. We strengthen our research results by employing various methodologies and using alternative measures of accounting performance and controlling size, notably panel quantile regression analysis.
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