IDEAS home Printed from https://ideas.repec.org/a/taf/eurpls/v20y2012i2p341-363.html
   My bibliography  Save this article

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

Author

Listed:
  • Aysegul Eruygur
  • Muhtesem Kaynak
  • Merter Mert

Abstract

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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09654313.2012.650901
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:eurpls:v:20:y:2012:i:2:p:341-363. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/CEPS20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.