Port capital formation and economic development in Japan: A vector autoregression approach
Applying the lag-augmented vector autoregression approach developed by Toda and Yamamoto (1995), we analyse the causal relationships among GDP, private capital, transport user cost, and port capital in Japan, and investigates the dynamic and accumulated effects of port capital formation on other variables from 1966 to 1997. Results from our analysis indicate that the causal relationships between port capital and other variables are significant. Port capital development leads to accrual of considerable magnitudes of both flow and stock effects. We conclude that structural economic effects of forming port capital are substantial for Japan. Copyright Springer-Verlag Berlin/Heidelberg 2004
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 83 (2004)
Issue (Month): 4 (October)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/economics/journal/10101/PS2|