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- Title
Transportation- Communication Infrastructure and Economic Growth: The Panel VAR Application.
- Authors
Pradhan, Rudra P.; Samadhan, Bele; Pandey, Shashikant
- Abstract
Previous studies generally find mixed empirical evidence on the relationship between transportation- communication infrastructure investment and economic growth. In this paper, we re-examine the causal relationship between transportation- communication infrastructure investment and economic growth by panel Granger causality test and by utilizing a richer panel data set that includes 34- OECD countries over the period 1960-2012. Our empirical findings strongly support the existence of cointegration between transportation- communication infrastructure investment and economic growth in the long run and have bidirectional Granger causality effects.
- Subjects
OECD countries; COMMUNICATION infrastructure; ECONOMIC development; VALUE-added resellers; COINTEGRATION; PANEL analysis
- Publication
Journal of Economic & Social Research, 2013, Vol 15, Issue 2, p41
- ISSN
1302-1060
- Publication type
Article