Infrastructure investment and Spanish economic growth, 1850–1935

Herranz‐Loncán, Alfonso

doi:10.1016/j.eeh.2006.06.002

Cited by 72 publications

(29 citation statements)

References 28 publications

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“…At the end of 1980 and early 1990, a number of studies established a strong and positive relation between public infrastructure and economic productivity in private sector (Herranz-Loncan, 2007). Nijkamp and Poot (2004) in a meta-analysis summarized 123 studies published from 1983 to 1998 all of which analyzed the government financial policies' effect on long-run economic growth.…”

Section: Introductionmentioning

confidence: 99%

How public-private partnership projects impact infrastructure industry for economic growth

Zangoueinezhad

Azar

2014

International Journal of Social Economics

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Access to this document was granted through an Emerald subscription provided by 304077 [] For AuthorsIf you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -Public-private partnership (PPP) is mutually beneficial relationships that are formed between the public and private sectors. The private-sector partner typically makes a substantial equity investment, and in return the public sector gains access to new or improved services. When properly vetted and structured, PPP allocate risk to the party best suited to handle it. The purpose of this paper is to examine the relationship between the scale and nature of the PPP's contribution as a driver of the economic growth and gross domestic product (GDP). Design/methodology/approach -Using statistics causality modeling and relevant statistical techniques, the dynamic interactions and interdependencies over PPP and economic growth were addressed and quantified. Findings -Although PPP can free up government resources for other public priorities, three key factors enable PPP to stimulate a country's economic growth: the number of PPP projects under way, the value of PPP projects, and the ideal type of PPP contracts in use. Originality/value -The number, value, and type of PPP, combined with supportive policies, power economic growth. Governments with well-established and enforced policies against corruption, combined with low business transaction costs, a transparent legislative system, and exchange rate and monetary stability are far more attractive to the private sector.

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Section: Introductionmentioning

confidence: 99%

How public-private partnership projects impact infrastructure industry for economic growth

Zangoueinezhad

Azar

2014

International Journal of Social Economics

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“…the effects that have an impact on output indirectly through the impacts on the private inputs, and (3) does not necessarily admit that there should be at most one co-integration relationship. Many studies have been conducted using this approach, which include Looney (1997), Pereira and de Frutos (1999), Everaert and Heylen (2000) and Herranz-Loncán (2007). The article of Looney (1997) analyses the role of infrastructure variables (energy, transport, etc.)…”

Section: A Short Survey Of the Literaturementioning

confidence: 99%

Transportation–Communication Capital and Economic Growth: A VECM Analysis for Turkey

Eruygur

Kaynak

Mert

2012

European Planning Studies

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This paper analyses the short-and long-term relationships between the transportationcommunication capital and the output for Turkey. The study applies a Cobb-Douglas production function under the assumption of constant returns to scale and employs co-integration analysis by estimating a vector error correction model (VECM). As a result of the VECM estimation, one co-integrating relationship is detected. The results based on the impulse response function analysis imply that per labour transportation-communication capital appears both to have been a crucial input in the Turkish productive process and to have had a positive crowding in effect on the per labour non-residential total capital formation. Moreover, the results support the argument that the transportation-communication capital has a lagged impact on economic growth. The long-term accumulated elasticity of output to transportation-communication capital has been found to be 0.59. The long-term accumulated marginal product was also calculated. It implies that a 1 Turkish Lira increase in per labour transportation-communication capital results in a long-term rise of 1.45 Turkish Liras in per labour output. All these findings suggest that transportation-communication capital may be a powerful tool for policy-makers to promote long-term per labour real output growth in Turkey.

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“…Some research regarded various transport infrastructures, such as the road, railway, highway, and aviation transport, as elements of economic development [1][2][3][4]. Investing in transport infrastructure was shown to promote economic growth [5][6][7]. Researchers have also studied the causal relationship between transportation facilities and the economy with four categories of relationships.…”

Section: Consideration Of Previous Studiesmentioning

confidence: 99%

Freight Mode Coordination in China: From the Perspective of Regional Differences

et al. 2020

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Studying the coordination of varied freight modes from the perspective of geographic regions is conducive to understanding the regional differences, and this can provide effective countermeasures and suggestions for the sustainable and coordinated development of freight transport. To reflect on the effects of regional differences in the coordination of freight modes, we divided China into four regions: The East, Central, West, and Northeast. We examined freight mode coordination in terms of region and analysed the coordination of freight modes from three aspects: one within a single freight mode system, between varied freight modes, and among freight modes and the economy in different regions. We selected 19 freight indexes based on China’s freight data from 2008 to 2017, and determined the relationship between the freight index and economic index gross domestic product (GDP) growth rate by means of stability, co-integration, and the Granger causality test. The coordination models within a single freight mode and among varied freight modes were established, and we conducted spatial autocorrelation between the freight mode and the economy. The results demonstrated that in the four regions of China, the single-freight mode had coordination of over 0.80; the coordination between waterway and aviation freight transport was over 0.83; and the coordination of varied freight modes in the Eastern region exceeded 0.78, with good overall coordination. Among the four regions, the spatial correlation between the Eastern and Western regions was not significant, while the correlation between the Central and Northeast regions was significant. The model and analysis methods established in this study were feasible and effective. In view of the universality of the model, it can be easily applied and generalized in or out of China.

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Infrastructure investment and Spanish economic growth, 1850–1935

Cited by 72 publications

References 28 publications

How public-private partnership projects impact infrastructure industry for economic growth

How public-private partnership projects impact infrastructure industry for economic growth

Transportation–Communication Capital and Economic Growth: A VECM Analysis for Turkey

Freight Mode Coordination in China: From the Perspective of Regional Differences

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