Causality between transportation infrastructure and economic development in Pakistan: An ARDL analysis

Alam, Khalid Mehmood; Li, Xuemei; Baig, Saranjam; Ghanem, Osman; Hanif, Salman

doi:10.1016/j.retrec.2020.100974

Cited by 36 publications

(29 citation statements)

References 56 publications

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“…The long run and short run results in this study are supported by the findings from variance decomposition (Figure 3) results which shows a significant contribution of railway lines to economic growth overtime. More so, this positive and significant effect of railway lines on economic growth is consistent with the study of Alam et al (2020) who also found a positive effect of transportation infrastructure on economic growth in Pakistan. More so, the findings of this study are consistent with a number of cross-country studies.…”

Section: Discussionsupporting

confidence: 90%

“…Lastly, the 'core' infrastructure of streets, highways, airports, mass transit, sewers, water systems, among others, has the most explanatory power for productivity. Also, in Pakistan, Alam et al (2020) employed the autoregressive distributed lag (ARDL) and vector error correction model (VECM) over the period 1971-2017 to examine the relationship between transport infrastructure and economic development. The study finds that that transport infrastructure had a long-run positive impact on economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Does Railway Lines Investments Matter for Economic Growth?

Fosu

2021

Economics

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The $20.81 trillion U.S. economy relies on a vast infrastructure network to thrive; however, empirical studies that examined that impact of infrastructure on economic growth in the U.S. are limited. This study’s principal objective was to examine the effect of railway lines on economic growth using annual data from 1980 to 2016 and cointegration analysis. The results showed a positive and significant impact of railway lines on economic growth in the long-run and short-run. The impulse response analysis indicates that shocks to railway lines initially cause GDP growth rates to increase and decrease continuously. The variance decomposition analysis also suggests that overtime, railway lines contribute largely to the variations in economic growth followed by inflation and population. This study’s outcome has important implications not only for the U.S. economy but also for developing and emerging countries. The results suggest that railway lines investments matter for economic growth in the U.S.

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Section: Discussionsupporting

confidence: 90%

Section: Literature Reviewmentioning

confidence: 99%

Does Railway Lines Investments Matter for Economic Growth?

Fosu

2021

Economics

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“…Consequently, Pesaran, Shin and Smith [55] are followed to apply the Autoregressive Distributed Lag (ARDL) Model, since it analyses the cointegration between variables with different degrees of cointegration, and also controls endogeneity [7,56] and allows use for short periods-even with observations less than 30 [57,58]. An indispensable requirement is that the stationarity order must be at most I (1), otherwise the analysis is invalid [59][60][61][62]. The relationship is formalised in the following equation:…”

Section: Cointegration Methodsmentioning

confidence: 99%

Forest Conservation and Renewable Energy Consumption: An ARDL Approach

Ponce

Río‐Rama

Álvarez‐García

et al. 2021

Forests

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Deforestation shows the constant environmental degradation that occurs worldwide as a result of the growth of economic activity and the increase in population. This research examines the causal link between renewable energy consumption, GDP, GDP2, non-renewable energy price, population growth and forest area in high, middle- and low-income countries. Based on data obtained from World Development Indicators, the autoregressive distributed lag model, with a time series, is used to examine the long-term cointegration relationship between the variables. The results justify the existence of a joint long-term relationship between the variables analysed for the middle-income countries and low-income countries. When the forest area is not at its equilibrium level, the speed of adjustment is slow (0.44% and 8.7%), which is typical of the nature of this natural resource. An increase in the consumption of renewable energy is associated with an increase between 0.04 and 0.02 square kilometres of forest cover, respectively. The research does not show evidence about the equilibrium relationship in the short term. Growth in renewable energy consumption is one of the main drivers for preserving the forest area. Therefore, those responsible for making economic policies must aim their measures towards the use of clean energy.

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“…So, it can indicate that there is a long-run and causal relationship between transport infrastructure and economic development. Transport infrastructure has long-run positive impact on economic development (Alam et al, 2020). Growth of transportation unit product also can lead to multiply growth of gross national product and employment (Chuan-Xu, 2004).…”

Section: Impact Of Youtefa Bridge To Economic Conditionmentioning

confidence: 99%

Impact of Youtefa Bridge Development to the Community’s Economic Condition on Holtekamp Beach, Jayapura City

Sari

Brabar

Agustinus

2021

ECSOFiM

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Development in the infrastructure sector provides positive benefits for the community, including economic benefits. Youtefa Bridge is one of the infrastructures built on Youtefa Bay, Jayapura City, connecting Hamadi Village and Holtekamp Village. The existence of the Youtefa Bridge causes an enhancement of the community’s economy, especially in Holtekamp Beach. Therefore, this study aims to analyze the community’s economy in Holtekamp Beach after developing the Youtefa Bridge. The method used in this research is the quantitative method, with the sampling methods being observation and interview. The results showed a significant economic increase in Holtekamp Beach, marked by an increase in people's income by 50 – 70% after the development of the Youtefa Bridge. It can be concluded that Youtefa Bridge’s development can improve the community’s economy in Holtekamp Beach, Jayapura City. It is suggested that there is good cooperation between the regional government and beach managers in developing the tourism sector at Holtekamp Beach so that visitors will increase and the community's economy will also increase.

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Causality between transportation infrastructure and economic development in Pakistan: An ARDL analysis

Cited by 36 publications

References 56 publications

Does Railway Lines Investments Matter for Economic Growth?

Does Railway Lines Investments Matter for Economic Growth?

Forest Conservation and Renewable Energy Consumption: An ARDL Approach

Impact of Youtefa Bridge Development to the Community’s Economic Condition on Holtekamp Beach, Jayapura City

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