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
DOI: https://doi.org/10.15414/isd2018.s11.01
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
Toto dielo je publikované pod/This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.
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