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Transportation--Communication Capital and Economic Growth: A VECM Analysis for Turkey


  • Aysegul Eruygur
  • Muhtesem Kaynak
  • Merter Mert


This paper analyses the short- and long-term relationships between the transportation--communication capital and the output for Turkey. The study applies a Cobb--Douglas production function under the assumption of constant returns to scale and employs co-integration analysis by estimating a vector error correction model (VECM). As a result of the VECM estimation, one co-integrating relationship is detected. The results based on the impulse response function analysis imply that per labour transportation--communication capital appears both to have been a crucial input in the Turkish productive process and to have had a positive crowding in effect on the per labour non-residential total capital formation. Moreover, the results support the argument that the transportation--communication capital has a lagged impact on economic growth. The long-term accumulated elasticity of output to transportation--communication capital has been found to be 0.59. The long-term accumulated marginal product was also calculated. It implies that a 1 Turkish Lira increase in per labour transportation--communication capital results in a long-term rise of 1.45 Turkish Liras in per labour output. All these findings suggest that transportation--communication capital may be a powerful tool for policy-makers to promote long-term per labour real output growth in Turkey.

Suggested Citation

  • Aysegul Eruygur & Muhtesem Kaynak & Merter Mert, 2012. "Transportation--Communication Capital and Economic Growth: A VECM Analysis for Turkey," European Planning Studies, Taylor & Francis Journals, vol. 20(2), pages 341-363, February.
  • Handle: RePEc:taf:eurpls:v:20:y:2012:i:2:p:341-363
    DOI: 10.1080/09654313.2012.650901

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    Cited by:

    1. Arvin, Mak B. & Pradhan, Rudra P. & Norman, Neville R., 2015. "Transportation intensity, urbanization, economic growth, and CO2 emissions in the G-20 countries," Utilities Policy, Elsevier, vol. 35(C), pages 50-66.
    2. repec:spr:epolin:v:45:y:2018:i:2:d:10.1007_s40812-017-0084-7 is not listed on IDEAS
    3. repec:gam:jsusta:v:11:y:2018:i:1:p:67-:d:192688 is not listed on IDEAS
    4. repec:eee:trapol:v:61:y:2018:i:c:p:17-25 is not listed on IDEAS

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