IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i21p11951-d667483.html
   My bibliography  Save this article

Dynamic Intercorrelations between Transport/Traffic Infrastructures and Territorial Systems: From Economic Growth to Sustainable Development

Author

Listed:
  • Serban Raicu

    (Transport, Traffic and Logistics Department, Polytechnic University of Bucharest, Splaiul Independentei 313, 060042 Bucharest, Romania)

  • Dorinela Costescu

    (Transport, Traffic and Logistics Department, Polytechnic University of Bucharest, Splaiul Independentei 313, 060042 Bucharest, Romania)

  • Mihaela Popa

    (Transport, Traffic and Logistics Department, Polytechnic University of Bucharest, Splaiul Independentei 313, 060042 Bucharest, Romania)

  • Vasile Dragu

    (Transport, Traffic and Logistics Department, Polytechnic University of Bucharest, Splaiul Independentei 313, 060042 Bucharest, Romania)

Abstract

The correlations between investments in transport infrastructure and territorial development continue to concern public authorities. They are responsible for optimising the allocation of financial resources, and they are interested in the correct short- and long-term estimations of investments in transport infrastructure’s consequences for development. The direct and indirect effects of transport infrastructure are present in the socio-economic assessment methodologies of projects. Despite the recorded progress, uncertainties remain in technical assessments, especially socio-economic ones, and they do not remove decision-makers’ concerns regarding the necessity and appropriateness of investments. Based on these aspects, this paper aimed to clarify the effects of new infrastructure on socio-economic development.

Suggested Citation

  • Serban Raicu & Dorinela Costescu & Mihaela Popa & Vasile Dragu, 2021. "Dynamic Intercorrelations between Transport/Traffic Infrastructures and Territorial Systems: From Economic Growth to Sustainable Development," Sustainability, MDPI, vol. 13(21), pages 1-16, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11951-:d:667483
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/21/11951/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/21/11951/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Parthasarathi, Pavithra & Levinson, David, 2010. "Post-construction evaluation of traffic forecast accuracy," Transport Policy, Elsevier, vol. 17(6), pages 428-443, November.
    2. Xiao Ke & Justin Yifu Lin & Caihui Fu & Yong Wang, 2020. "Transport Infrastructure Development and Economic Growth in China: Recent Evidence from Dynamic Panel System-GMM Analysis," Sustainability, MDPI, vol. 12(14), pages 1-22, July.
    3. Jakob B. Madsen, 2005. "A Century Of Economic Growth: The Social Returns To Investment In Equipment And Structures," Manchester School, University of Manchester, vol. 73(1), pages 101-122, January.
    4. Eliasson, Jonas & Savemark, Christian & Franklin, Joel, 2020. "The impact of land use effects in infrastructure appraisal," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 262-276.
    5. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-1196, September.
    6. Christophe Kamps, 2005. "The Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 12(4), pages 533-558, August.
    7. Estache, Antonio, 2004. "Emerging infrastructure policy issues in developing countries - a survey of the recent economic literature," Policy Research Working Paper Series 3442, The World Bank.
    8. Grzegorz W. Kolodko, 2014. "Whither the World: The Political Economy of the Future," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-47025-6.
    9. Baum-Snow, Nathaniel & Henderson, J. Vernon & Turner, Matthew A. & Zhang, Qinghua & Brandt, Loren, 2020. "Does investment in national highways help or hurt hinterland city growth?," Journal of Urban Economics, Elsevier, vol. 115(C).
    10. Klenert, David & Mattauch, Linus & Edenhofer, Ottmar & Lessmann, Kai, 2018. "Infrastructure And Inequality: Insights From Incorporating Key Economic Facts About Household Heterogeneity," Macroeconomic Dynamics, Cambridge University Press, vol. 22(4), pages 864-895, June.
    11. Stewart, Anson F. & Zegras, P. Christopher, 2016. "CoAXs: A Collaborative Accessibility-based Stakeholder Engagement System for communicating transport impacts," Research in Transportation Economics, Elsevier, vol. 59(C), pages 423-433.
    12. Grzegorz W. Kolodko, 2014. "Whither the World: The Political Economy of the Future," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-46574-0.
    13. J. Bradford DeLong & Lawrence H. Summers, 2012. "Fiscal Policy in a Depressed Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(1 (Spring), pages 233-297.
    14. Björn Hasselgren, 2018. "Transport Infrastructure in Time, Scope and Scale," Springer Books, Springer, number 978-3-319-79054-1, December.
    15. Riccardo Crescenzi & Andrés Rodríguez-Pose, 2012. "Infrastructure and regional growth in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 91(3), pages 487-513, August.
    16. David F. Batten & Charlie Karlsson (ed.), 1996. "Infrastructure and the Complexity of Economic Development," Advances in Spatial Science, Springer, number 978-3-642-80266-9, Fall.
    17. Ilaria Henke & Armando Cartenì & Clorinda Molitierno & Assunta Errico, 2020. "Decision-Making in the Transport Sector: A Sustainable Evaluation Method for Road Infrastructure," Sustainability, MDPI, vol. 12(3), pages 1-19, January.
    18. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
    19. Farhadi, Minoo, 2015. "Transport infrastructure and long-run economic growth in OECD countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 73-90.
    20. Anyu Chen & Yueran Li & Kunhui Ye & Tianyi Nie & Rui Liu, 2021. "Does Transport Infrastructure Inequality Matter for Economic Growth? Evidence from China," Land, MDPI, vol. 10(8), pages 1-21, August.
    21. Jozef GNAP & Pavol VARJAN & Pavol ĎURANA & Mariusz KOSTRZEWSKI, 2019. "Research On Relationship Between Freight Transport And Transport Infrastructure In Selected European Countries," Transport Problems, Silesian University of Technology, Faculty of Transport, vol. 14(3), pages 63-74, September.
    22. Mohan L. Lakhera, 2016. "Economic Growth in Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-53807-9.
    23. Jakob B. Madsen, 2014. "Human Capital and the World Technology Frontier," The Review of Economics and Statistics, MIT Press, vol. 96(4), pages 676-692, October.
    24. Straub, Stephane, 2008. "Infrastructure and growth in developing countries : recent advances and research challenges," Policy Research Working Paper Series 4460, The World Bank.
    25. Lakshmanan, T.R., 2011. "The broader economic consequences of transport infrastructure investments," Journal of Transport Geography, Elsevier, vol. 19(1), pages 1-12.
    26. Baldwin, John R. Dixon, Jay, 2008. "Infrastructure Capital: What Is It? Where Is It? How Much of It Is There?," The Canadian Productivity Review 2008016e, Statistics Canada, Economic Analysis Division.
    27. Antonio García-Olivares & Jordi Solé & Roger Samsó & Joaquim Ballabrera-Poy, 2020. "Sustainable European Transport System in a 100% Renewable Economy," Sustainability, MDPI, vol. 12(12), pages 1-21, June.
    28. Cascetta, Ennio & Cartenì, Armando & Pagliara, Francesca & Montanino, Marcello, 2015. "A new look at planning and designing transportation systems: A decision-making model based on cognitive rationality, stakeholder engagement and quantitative methods," Transport Policy, Elsevier, vol. 38(C), pages 27-39.
    29. Agbelie, Bismark R.D.K., 2014. "An empirical analysis of three econometric frameworks for evaluating economic impacts of transportation infrastructure expenditures across countries," Transport Policy, Elsevier, vol. 35(C), pages 304-310.
    30. Thierry Kirat & Nadine Levratto, 2008. "Tous égaux face aux nuisances des infrastructures de transport ? Le calcul économique et le droit administratif au défi de l'équité," Géographie, économie, société, Lavoisier, vol. 10(3), pages 350-364.
    31. J. Bradford DeLong & Lawrence H. Summers, 2012. "Fiscal Policy in a Depressed Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 43(1 (Spring), pages 233-297.
    32. Carlos Llorca & Cat Silva & Nico Kuehnel & Ana T. Moreno & Qin Zhang & Masanobu Kii & Rolf Moeckel, 2020. "Integration of Land Use and Transport to Reach Sustainable Development Goals: Will Radical Scenarios Actually Get Us There?," Sustainability, MDPI, vol. 12(23), pages 1-19, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xin Du & Hengming Zhang & Yawen Han, 2022. "How Does New Infrastructure Investment Affect Economic Growth Quality? Empirical Evidence from China," Sustainability, MDPI, vol. 14(6), pages 1-30, March.
    2. Raffaele Mauro & Andrea Pompigna, 2022. "A Statistically Based Model for the Characterization of Vehicle Interactions and Vehicle Platoons Formation on Two-Lane Roads," Sustainability, MDPI, vol. 14(8), pages 1-22, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Farhadi, Minoo, 2015. "Transport infrastructure and long-run economic growth in OECD countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 73-90.
    2. Hans Pitlik & Michael Klien & Stefan Schiman, 2017. "Stabilitätskonforme Berücksichtigung nachhaltiger öffentlicher Investitionen," WIFO Studies, WIFO, number 60595, April.
    3. Piotr Rosik & Julia Wójcik, 2022. "Transport Infrastructure and Regional Development: A Survey of Literature on Wider Economic and Spatial Impacts," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
    4. Elburz, Zeynep & Nijkamp, Peter & Pels, Eric, 2017. "Public infrastructure and regional growth: Lessons from meta-analysis," Journal of Transport Geography, Elsevier, vol. 58(C), pages 1-8.
    5. Yang, Gaoju & Huang, Xianhai & Huang, Jiahui & Chen, Hangyu, 2020. "Assessment of the effects of infrastructure investment under the belt and road initiative," China Economic Review, Elsevier, vol. 60(C).
    6. Alfredo M. Pereira & Jorge M. Andraz, 2013. "On The Economic Effects Of Public Infrastructure Investment: A Survey Of The International Evidence," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 1-37, December.
    7. Tong, Tingting & Yu, Edward & Roberts, Roland K., 2014. "Dynamics of Transport Infrastructure, Exports and Economic Growth in the United States," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 53(1).
    8. Kluge, Jan & Lappoehn, Sarah & Plank, Kerstin, 2020. "The Determinants of Economic Competitiveness," IHS Working Paper Series 24, Institute for Advanced Studies.
    9. Acheampong, Alex O. & Dzator, Janet & Dzator, Michael & Salim, Ruhul, 2022. "Unveiling the effect of transport infrastructure and technological innovation on economic growth, energy consumption and CO2 emissions," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    10. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    11. Ward Romp & Jakob De Haan, 2007. "Public Capital and Economic Growth: A Critical Survey," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(S1), pages 6-52, April.
    12. Manfred Wiebelt & Rainer Schweickert & Clemens Breisinger & Marcus Böhme, 2011. "Oil revenues for public investment in Africa: targeting urban or rural areas?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 147(4), pages 745-770, November.
    13. Wang, Chao & Lim, Ming K. & Zhang, Xinyi & Zhao, Longfeng & Lee, Paul Tae-Woo, 2020. "Railway and road infrastructure in the Belt and Road Initiative countries: Estimating the impact of transport infrastructure on economic growth," Transportation Research Part A: Policy and Practice, Elsevier, vol. 134(C), pages 288-307.
    14. Hugh Goldsmith, 2014. "The Long-Run Evolution of Infrastructure Services," CESifo Working Paper Series 5073, CESifo.
    15. Melvin Ayogu, 0. "Infrastructure and Economic Development in Africa: A Review-super- †," Journal of African Economies, Centre for the Study of African Economies, vol. 16(suppl_1), pages -126.
    16. Fedderke, J.W. & Bogetic, Z., 2009. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," World Development, Elsevier, vol. 37(9), pages 1522-1539, September.
    17. Pellervo Hamalainen, 2009. "Review of literature on the productivity of public capital," Discussion Papers 55, Aboa Centre for Economics.
    18. Colin J Hunt, 2011. "The Interaction of Public and Private Capital," Post-Print hal-00675397, HAL.
    19. Stuart J. Fowler & Bichaka Fayissa, 2007. "Public Capital Spending Shocks and the Price of Investment: Evidence from a Panel of Countries," Working Papers 200702, Middle Tennessee State University, Department of Economics and Finance.
    20. Don Drummond & Evan Capeluck & Matthew Calver, 2015. "The Key Challenge for Canadian Public Policy: Generating Inclusive and Sustainable Economic Growth," CSLS Research Reports 2015-11, Centre for the Study of Living Standards.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11951-:d:667483. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.