Governments Can Boost Economic Growth and Welfare Through Strategic Infrastructure Investments
Policy makers face challenges when deciding where to invest in infrastructure. This study suggests a method to help prioritize these investments, considering factors like economic growth and welfare. It shows that using a single ranking system for infrastructure projects may not be the best approach due to their complexity. Instead, a multidisciplinary approach is recommended. Decision makers should also consider factors that are hard to measure. While having logical frameworks for decision-making is important, consensus building and negotiations are also crucial.