Izvorni znanstveni članak
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.org/0000-0002-2317-0446
; Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia
Helga Pavlić Skender
orcid.org/0000-0001-6668-4124
; Sveučilište u Rijeci, Ekonomski fakultet, Rijeka, Hrvatska
Petra Adelajda Mirković
orcid.org/0000-0002-0741-4826
; Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia
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 The results illustrate the long-standing problem of inefficient and outdated railway infrastructure.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
Datum izdavanja:
3.12.2018.
Posjeta: 2.202 *