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• W2000646520 abstract "There has been a fast development of transport infrastructure to support the economic growth in China, which calls for more study on the relation between them. This study employs a production function method and a VAR (Vector AutoRegression) approach to study the relation with national empirical data. The result of production function method is discussable because the elasticity of infrastructure to the output is negligible and may be contradict to common knowledge. The explanation for this includes the data limitation and potential unfixed effects. It is also shown that the more developed areas benefit more from infrastructure than undeveloped areas. The VAR method shows that the infrastructure counts for a significant part of economic growth and a shock in infrastructure might lead to significant short-term effect on economic growth but small long-term effect. The causality of the infrastructure and economic development is vague in statistic meaning but it seems more likely the infrastructure explains the economic growth but not reversely." @default.
• W2000646520 created "2016-06-24" @default.
• W2000646520 creator A5008530181 @default.
• W2000646520 creator A5079178505 @default.
• W2000646520 date "2010-07-26" @default.
• W2000646520 modified "2023-10-17" @default.
• W2000646520 title "Transport Infrastructure and Economic Development: An Empirical Study for China" @default.
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• W2000646520 doi "https://doi.org/10.1061/41123(383)15" @default.
• W2000646520 hasPublicationYear "2010" @default.
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