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https://doi.org/10.1080/1331677X.2018.1523740

The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states

Nela Vlahinić Lenz   ORCID icon orcid.org/0000-0002-2317-0446 ; Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia
Helga Pavlić Skender   ORCID icon orcid.org/0000-0001-6668-4124 ; University of Rijeka, Faculty of Economics, Rijeka, Croatia
Petra Adelajda Mirković   ORCID icon orcid.org/0000-0002-0741-4826 ; Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia

Puni tekst: engleski, pdf (1 MB) str. 1953-1964 preuzimanja: 595* citiraj
APA 6th Edition
Vlahinić Lenz, N., Pavlić Skender, H. i Mirković, P.A. (2018). The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states. Economic research - Ekonomska istraživanja, 31. (1), 1953-1964. https://doi.org/10.1080/1331677X.2018.1523740
MLA 8th Edition
Vlahinić Lenz, Nela, et al. "The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states." Economic research - Ekonomska istraživanja, vol. 31., br. 1, 2018, str. 1953-1964. https://doi.org/10.1080/1331677X.2018.1523740. Citirano 25.10.2021.
Chicago 17th Edition
Vlahinić Lenz, Nela, Helga Pavlić Skender i Petra Adelajda Mirković. "The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states." Economic research - Ekonomska istraživanja 31., br. 1 (2018): 1953-1964. https://doi.org/10.1080/1331677X.2018.1523740
Harvard
Vlahinić Lenz, N., Pavlić Skender, H., i Mirković, P.A. (2018). 'The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states', Economic research - Ekonomska istraživanja, 31.(1), str. 1953-1964. https://doi.org/10.1080/1331677X.2018.1523740
Vancouver
Vlahinić Lenz N, Pavlić Skender H, Mirković PA. The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states. Economic research - Ekonomska istraživanja [Internet]. 2018 [pristupljeno 25.10.2021.];31.(1):1953-1964. https://doi.org/10.1080/1331677X.2018.1523740
IEEE
N. Vlahinić Lenz, H. Pavlić Skender i P.A. Mirković, "The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states", Economic research - Ekonomska istraživanja, vol.31., br. 1, str. 1953-1964, 2018. [Online]. https://doi.org/10.1080/1331677X.2018.1523740

Sažetak
This paper empirically investigates the effects of transport infrastructure on economic growth in Central and Eastern European
Member States (C.E.M.S.) in the period 1995–2016. During the
transition period in C.E.M.S., most investments were focused on
the roads, while railways have been lagging for decades. The aim
of this paper is to estimate the effects of transport infrastructure
(road and rail) on economic growth while controlling with other
variables such as population growth, gross fixed capital formation
and trade openness. We use panel data analysis with three standard estimators: pooled ordinary least squares, fixed effects and
random effects. The results show positive effects in case of all
estimated variables, except the railway infrastructure where the
effects seem to be negative. The results illustrate the long-standing problem of inefficient and outdated railway infrastructure.
These results should be seen in a broader context, especially in
the light of the ongoing desire to reduce CO2 emissions that are
to a large extent produced by road transport, while railway transport is more environmentally friendly. This paper supports the
European Union’s guidelines for the need to invest in railway
infrastructure to ensure effective transport in the long term, create competitive advantages, reduce greenhouse gas emissions
and thus simulate sustainable economic growth in C.E.M.S.

Ključne riječi
Transport; transport infrastructure; economic growth; P.O.L.S.; fixed effects; random effects; C.E.M.S. countries

Hrčak ID: 217022

URI
https://hrcak.srce.hr/217022

Posjeta: 789 *