Effect of transportation infrastructure on economic growth in India: The VECM approach

Pradhan, Rudra P.; Bagchi, Tapan P.

doi:10.1016/j.retrec.2012.05.008

Cited by 297 publications

(191 citation statements)

References 30 publications

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“…As the total, the proposed route create cost efficiency for about 33.21% in a single function and 31.43% in multi functions compared to the existing route. These findings are aligned with similar research by other researchers [13,14,15] that agrees that having better connectivity will stimulate regional's economic growth and furthermore, and creating multi functions infrastructure produces optimum benefits for stakeholders [2,4,5].…”

Section: Figure 3 Jambi Province Route Selectionsupporting

confidence: 89%

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Berawi

Zagloel

Miraj

et al. 2016

MST

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Indonesian government attempts to improve connectivity and to increase regional activities in Sumatera Island through the development of Trans Sumatera Toll Road (TSTR). However, despite its benefits to local economic development in Sumatera, the project shows low feasibility due to a low amount of investment. It can be attributed from the lack of planning in the initial phase to produce a comprehensive route that considers the various potentials of the regions. Thus, this research aims to investigate alternative route planning of Trans Sumatera Toll Road particularly in this paper for Central Sumatera by studying Gross Regional Domestic Product (GRDP), population and other significant factors. This research exposes cities and districts in Riau, West Sumatera, and Jambi which potentially contribute to the regional economy. Each selected towns and districts will be integrated with the intermodal system and connected to other functions to establish the Trans Sumatera Toll Road project in Central Sumatera. Compared to existing estimation of investment from public records, this alternative route has generated a competitive cost of investment which is estimated around 118,053,400,074,696 rupiahs. The research findings are expected to become the basis to improve other similar infrastructure toll road project development. AbstractPembangunan Perencanaan Rute Infrastruktur Jalan: Meningkatkan Kelayakan Proyek Jalan Tol. Pemerintah Indonesia berupaya untuk meningkatkan konektivitas dan meningkatkan kegiatan ekonomi regional di Pulau Sumatera melalui pengembangan Jalan Tol Trans Sumatera (JTTS). Namun demikian, proyek tersebut masih menunjukkan kelayakan rendah yang disebabkan minimnya kelayakan investasi. Hal ini disebabkan kurangnya perencanaan pada tahap awal proyek dalam menghasilkan rute komprehensif dengan mempertimbangkan berbagai potensi daerah. Dengan demikian, penelitian ini bertujuan untuk menghasilkan perencanaan rute alternatif Jalan Tol Trans Sumatera (JTTS) khususnya Sumatera bagian tengah. Hal ini dilakukan dengan mempelajari Produk Domestik Regional Bruto (PDRB), populasi dan faktor signifikan lainnya. Penelitian akan menghasilkan kota dan kabupaten di Riau, Sumatera Barat dan Jambi yang potensinya diintegrasikan dengan sistem intermodal dan terhubung dengan fungsi lain pada proyek JTTS bagian Sumatera Tengah. Dibandingkan dengan estimasi biaya yang tercatat dalam catatan publik, rute alternatif ini menghasilkan biaya yang kompetitif yang mencapai 118.053.400.074.696 rupiah. Luaran penelitian diharapkan dapat digunakan sebagai dasar untuk pengembangan proyek infrastruktur lain di Indonesia.

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Section: Figure 3 Jambi Province Route Selectionsupporting

confidence: 89%

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Berawi

Zagloel

Miraj

et al. 2016

MST

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“…Depending on availability, the data was gathered from Eurostat, OECD, and the World Bank. Gross domestic product per capita was employed as a proxy for sustainable economic growth [2,34,39,43,44,51,58,68,76,85,89,93,95], whereas several measures towards transport infrastructure [2,8,39,42,50,54,58,61,68,93], investment in transport infrastructure [8,43,73,81,82,97], transport pollution [34,50,58,89,95,106], and country-level controls [2,53,58,61,85,93,95,106] were considered, as exhibited in Table 4. Source: Authors' work.…”

Section: Sample and Variablesmentioning

confidence: 99%

“…The fixed-effects approach was selected since the study was limited to a particular group of states [34]. Onward, the nexus between transport infrastructure, associated investments, emissions of carbon dioxide, and economic growth was explored through a panel vector autoregressive model [2,8,39,44,50,55,59,62,64,65,69,71,82,83,87,93,101,105]. Firstly, the unit root of each variable was examined, then the long-run cointegration link among the variables is investigated, and afterwards the panel vector error correction model (henceforth "PVECM") was estimated to infer the Granger causal associations [44].…”

Section: Quantitative Frameworkmentioning

confidence: 99%

“…A nonstationary panel process occurs if at least one of its moments (mean, variance, or covariance) is time-independent [93], whilst a stationary process occurs whether its statistical features persists constantly [62]. In case of the occurrence of nonstationarity, a cointegration and vector error correction model were put forward to explore the link amid such variables [8]. Provided that a non-stationary series is differenced d times to be converted stationary, then it is assumed to be integrated of order d: I(d) [64].…”

Section: Quantitative Frameworkmentioning

confidence: 99%

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Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth

et al. 2018

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This paper examines the nexus between the main forms of transport, related investments, specific air pollutants, and sustainable economic growth. The research is important since transport may act as a facilitator of social, economic, and environmental development. Based on data retrieved from Eurostat, Organisation for Economic Co-operation and Development (OECD), and World Bank, the output of fixed-effects regressions for EU-28 countries over 1990-2016 reveals that road, inland waterways, maritime, and air transport infrastructure positively influence gross domestic product per capita (GDPC), though a negative link occurred in the case of railway transport. As concerning investments in transport infrastructure, the empirical results exhibit a positive impact on economic growth for every type of transport, except inland waterways. Besides, emissions of CO 2 from all kind of transport, alongside other specific air pollutants, negatively influence GDPC. The fully modified and dynamic ordinary least squares panel estimation results reinforce the findings. Further, in the short-run, Granger causality based on panel vector error correction model pointed out a unidirectional causal link running from sustainable economic growth to inland waterways and maritime transport of goods, albeit a one-way causal link running from the volume of goods transported by air to GDPC. As well, the empirical results provide support one-way short-run links running from GDPC to investments in road and inland waterway transport infrastructure. In addition, a bidirectional short-run link occurred between carbon dioxide emissions from railway transport and GDPC, whereas unidirectional relations with economic growth were identified in the case of carbon dioxide emissions from road and domestic aviation. In the long-run, a bidirectional causal relation was noticed between the length of the railways lines, investments in railway transport infrastructure, and GDPC, as well as a two-way causal link between the gross weight of seaborne goods handled in ports and GDPC.

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“…Urban infrastructure economic benefit is the positive influence of infrastructure on urban economic development via external effect and spillover effect [9,10]. The construction of urban infrastructure promotes the development of other industries and increases urban GDP [11][12][13] which is helpful to raise the levels of fiscal revenue of urban government [13,14] and consumption expenditure of urban inhabitants [15,16]. The well-conditioned urban infrastructure attracts the investment by reducing production and transportation cost [17,18].…”

Section: Introductionmentioning

confidence: 99%

Analyzing the Coupling Coordination among Economic, Social, and Environmental Benefits of Urban Infrastructure: Case Study of Four Chinese Autonomous Municipalities

Sun

Cui

2018

Mathematical Problems in Engineering

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Urban infrastructure is a necessary condition for urban development. Its use generates three benefits which are economic, social, and environmental benefits of urban infrastructure. They are the positive impacts on urban economy, society, and environment generated by the use of urban infrastructure, respectively. This paper evaluates the coupling coordination among these three benefits taking four Chinese autonomous municipalities as examples. These four cities have large-scale urban infrastructure but its basic function has not been fully fulfilled. Whether three benefits of urban infrastructure have been developed in harmony or not was unclear. We analyzed the coordinated development among three benefits by constructing coupling coordination degree model and studied the impacts of three benefits on their coupling coordination degree using panel regression model. The results showed that the levels of coordinated development among three benefits of urban infrastructure were low in these four cities and the impact of social benefit on their coordinated development was largest. Therefore, urban infrastructure social benefit needs to be improved mainly in these four cities.

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Effect of transportation infrastructure on economic growth in India: The VECM approach

Cited by 297 publications

References 30 publications

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Developing Road Infrastructure Route Planning: Increasing Feasibility of Toll Road Project

Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth

Analyzing the Coupling Coordination among Economic, Social, and Environmental Benefits of Urban Infrastructure: Case Study of Four Chinese Autonomous Municipalities

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