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Author(s): Gohar Badalyan, Miroslava Rajčániová

Title: Causal Relationship between Economic Growth, Transport Infrastructure and Investment in Transport Infrastructure in Transition Countries

Source: International Scientific Days 2018 :: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems :: Proceedings

ISBN: 978-80-7598-180-6


Publisher: Wolters Kluwer ČR, Prague

PY, pages: 2018, 2256-2279

Published on-line: 2018-11-09

Language: eng

Abstract: Provision and maintenance of adequate infrastructure facilities are necessary if there is need to achieve and sustain rapid economic growth. The availability of infrastructure like transport is vital for accelerated development and modernization of a country. Transport infrastructure in particular, is vital to the prosperity of regions. The contribution of our study refers to the investigation the relationship and causality between economic growth, transport infrastructure, investment in transport infrastructure, as in transition countries. To achieve this aim, we proposed the growth model.We use annual data of 25 transition countries (see Appendix 1) for the time period 1990-2013.The findings from GMM reveal that there is bidirectional causal relationship between repressors we have studied.

Keywords: transportation, economic growth, investment, institutions

JEL Classification: F43, L9

Rights:Open Access :: Creative Commons BY-NC-SA 4.0 International Licence
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Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.