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Causality Between Public Investment In Transport And Communication And Economic Growth

Author

Listed:
  • Niloy Bose

    () (The Department of Economics, University of Wisconsin-Milwaukee)

  • M. Emranul Haque

    () (School of Economics, University of Nottingham)

Abstract

This paper aims to provide an explanation for the robust and consistent relationship between public investment in transport and communication and economic growth that has frequently surfaced in recent empirical studies. Using both informal and formal causality tests, the paper finds that, for a set of developing countries, the strong association is the result of the effect running from growth to public investment rather than vice versa.

Suggested Citation

  • Niloy Bose & M. Emranul Haque, 2005. "Causality Between Public Investment In Transport And Communication And Economic Growth," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(1), pages 95-106, June.
  • Handle: RePEc:jed:journl:v:30:y:2005:i:1:p:95-106
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    File URL: http://www.jed.or.kr/full-text/30-1/07_J7104.PDF
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    References listed on IDEAS

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    1. Orazio P. Attanasio & Lucio Picci & Antonello E. Scorcu, 2000. "Saving, Growth, and Investment: A Macroeconomic Analysis Using a Panel of Countries," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 182-211, May.
    2. E.C. Mamatzakis, 2002. "Public Infrastructure And Private Output: An Application To Greece," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 27(2), pages 143-160, December.
    3. Felix K. Rioja, 2001. "Growth, Welfare, and Public Infrastructure: A General Equilibrium Analysis of Latin American Economies," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 26(2), pages 119-130, December.
    4. Magnus Blomström & Robert E. Lipsey & Mario Zejan, 1996. "Is Fixed Investment the Key to Economic Growth?," The Quarterly Journal of Economics, Oxford University Press, vol. 111(1), pages 269-276.
    5. Geweke, John & Meese, Richard & Dent, Warren, 1983. "Comparing alternative tests of causality in temporal systems : Analytic results and experimental evidence," Journal of Econometrics, Elsevier, vol. 21(2), pages 161-194, February.
    6. Paul Cashin, 1995. "Government Spending, Taxes, and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 237-269, June.
    7. Sims, Christopher A, 1972. "Money, Income, and Causality," American Economic Review, American Economic Association, vol. 62(4), pages 540-552, September.
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    Citations

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    Cited by:

    1. repec:kap:transp:v:44:y:2017:i:5:d:10.1007_s11116-016-9686-6 is not listed on IDEAS
    2. Mehmet Aldonat Beyzatlar & Müge Karacal & Ý. Hakan Yetkiner, 2012. "The Granger-Causality between Transportation and GDP: A Panel Data Approach," Working Papers 1203, Izmir University of Economics.

    More about this item

    Keywords

    Transport and Communication Investment; Economic Growth; Causality;

    JEL classification:

    • O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

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