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Transport, Access and Economic Growth

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Abstract

Transport and gross domestic product have grown at roughly a one-to-one relationship in the past. Many decision-makers consider the supply of transport infrastructure an important ingredient in fostering productivity and economic growth; some even consider it a prerequisite. This article analyses the various causal links from transport to economic growth and puts their empirical significance in perspective. The more important challenge for current transport policy, however, is found to be that concerning the reverse linkage, i.e.—given a growing economy—how can we develop a transport system that does not then erode the benefits it created in the first place? Finally, and to that end, a possible future system of sustainable access and mobility service is characterized and policy conclusions are drawn.

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  • Karl W. Steininger, 2002. "Transport, Access and Economic Growth," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 3(2), pages 75-91, April.
    • Handle: RePEc:wej:wldecn:103
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=103
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    Cited by:

    1. Swati Ghosh & Ernesto Revilla, 2008. "Enhancing the efficiency of securities markets in East Asia," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 1(2), pages 249-268.
    2. Karl Steininger, 2002. "The Foreign Trade and Sectoral Impact of Truck Road Pricing for Cross-Border Trade," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(2), pages 213-253, October.

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