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The Relationship between Transport Infrastructure and Economic Growth: An Empirical Analysis Comparing Developing and Developed Countries
Dalarna University, School of Technology and Business Studies, Economics.
Dalarna University, School of Technology and Business Studies, Economics.
2009 (English)Independent thesis Advanced level (degree of Master (Two Years))Student thesis
Abstract [en]

Gross domestic product (GDP) is generally considered as the most important index and comprehensive measure of the size of economy. This paper investigates empirically the relationship between transport infrastructure (focus on highways) and GDP growth based on a production function approach. The physical stocks of transport infrastructure were used instead of monetary data to measure public capital together with several other variables (labor and private capital) that were hypothesized to affect economic growth. Then we explore a number of subsequent studies that use panel data covering the period between 1992 and 2004. An investigation was done to compare developed countries and developing countries. Results indicate that physical units are positively and significantly related to economic growth. Furthermore there was an interesting finding that the output elasticity with respect to physical units for developed countries is higher than developing countries.

Place, publisher, year, edition, pages
2009. , 24 p.
Keyword [en]
economic growth; transport infrastructure; production function approach; panel data
Identifiers
URN: urn:nbn:se:du-3724OAI: oai:dalea.du.se:3724DiVA: diva2:518586
Uppsok
Social and Behavioural Science, Law
Supervisors
Available from: 2009-02-17 Created: 2009-02-17 Last updated: 2012-04-24Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf