Causality Between Public Investment In Transport And Communication And Economic Growth
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.
Volume (Year): 30 (2005)
Issue (Month): 1 (June)
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