Does Governance Matter for Infrastructure Development? Empirical Evidence from Asia

Governance is an important determinant for both national and regional infrastructure development for many parts of Asia. This study shows that institutional governance is an important determinant for national and regional infrastructure development. Improved national governance is a necessary condi-tion for enhancing regional governance for effective regional infrastructure development. However, strong and formal regional institutions need to be developed for achieving effective regional connectiv-ity in Asia. This article concludes that the soft infrastructure such as the quality of governance is crucial to make hard infrastructure work efficiently. JEL Classification: F15, L9