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Stimulate economic growth by improving transport infrastructure – a lesson from China

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Warianty tytułu
DE
Stimuliertes wirtschaftliches Wachstum durch verbesserung der Transportinfrastrukutr - ein lektor aus China
Języki publikacji
EN
Abstrakty
EN
This paper uses Feder model to test impacts of transport infrastructure on economic growth. With China provincial data from 1990-2010 the empirical models, including Basic model, Time-Lag model and Spatial model, demonstrate that transport infrastructure does have a positive Spillover Effect on economic growth. However, Direct Effect on economic growth is negative possibly due to Crowding-Out Effect and productivity difference between sectors. The research also proves the Spillover Effects are becoming weaker as time passed. Finally, Spatial Spillover Effect or Network Effects are confirmed.
DE
Diese Thesis benutzt Feder-Model, um die Auswirkung der Transportinfrastruktur, die auf das wirtschaftliche Wachstum zu untersuchen. Mit den Daten aus chinesischen Provinzen zwischen 1990 und 2010 durch das empirische Modell, in dem das Basic-Model, Time-Lag-Model und Spatial-Model beinhaltet, kann man dadurch demonstrieren, dass die Transportinfrastruktur eine positive Spillover-Effekt auf das wirtschaftliche Wachstum auswirkt. Direkte Effekt auf das wirtschaftliche Wachstum ist jedoch möglich negativ, durch die Crowding-Out Effekt und Unausgeglichenheit der Produktivität zwischen Sektoren. Diese Studie beweist auch, dass die Spillover-Effekte mit vergangener Zeit schwächt wird. Außerdem werden die Spatial-Spillover-Effekt oder Network-Effekt nachgewiesen.
Czasopismo
Rocznik
Strony
63--72
Opis fizyczny
Bibliogr. 15 poz.
Twórcy
autor
  • University of International Business and Economics, Beijing, China Huixindongjie 10, Chaoyang District, Beijing 100029, China
autor
  • University of International Business and Economics, Beijing, China Huixindongjie 10, Chaoyang District, Beijing 100029, China
autor
  • University of International Business and Economics, Beijing, China Huixindongjie 10, Chaoyang District, Beijing 100029, China
Bibliografia
  • 1. Anselin, L. Spatial Econometrics: Methods and Models. Dordrecht: Kluwer Academic. 1988.
  • 2. Anselin, L. & Bera, A.K. & Florax, R. & Yoon, M.J. Simple Diagnostic Tests for Spatial Dependence. Regional Science and Urban Economics. 1996. Vol. 26. No.1. P. 77-104.
  • 3. Aschauer, D.A. Is Public Expenditure Productive? Journal of Monetary Economics. 1989. Vol. 23. No. 2. P. 177-200.
  • 4. Baltagi, B.H. Econometric Analysis of Panel Data. Second Edition. UK: John Wiley & Sons. 2001.
  • 5. Canning, D. & Marianne, F. The Effect of Transportation Networks on Economic Growth. New York: Columbia University Working Paper. 1993.
  • 6. Elhorst, J.P. Specification and Estimation of Spatial Panel Data Models. International Regional Science Review. 2003. Vol. 26. No. 3. P. 244-268.
  • 7. Feder, G. On exports and economic growth. Journal of Development Economics. 1983. Vol. 12. No. 1. P. 59-73.
  • 8. Fernald, J.G. Roads to prosperity? Assessing the Link between Public Capital and Productivity. The American Economic Review. 1999. Vol. 89. No. 3. P. 619-638.
  • 9. Munnell, A.H., Cook, L.M. How Does Public Infrastructure Affect Regional Economic Performance. New England Economic Review. 1990. No. 9/10. P. 69-112.
  • 10. Romer, P.M. Increasing Returns and Long Run Growth. The Journal of Political Economy. 1986. Vol. 94. No. 5. P. 1002-1037.
  • 11. World Bank. World Development Report 1994: Infrastructure for Development. UK: Oxford University Press for the World Bank. 1994.
  • 12. Liu, B. & Wu, P. & Liu, Y. Transportation Infrastructure and the Increase in TFP in China: Spatial Econometric Analysis on Provincial Panel Data. China Industrial Economics. 2010. Vol. 254. No. 3. P. 54-64.
  • 13. Liu, S. & Hu, A. Test on the Externality of Infrastructure in China: 1988-2007. Economic Research. 2007. No. 3. P. 4-15.
  • 14. Liu, Y. Transport Infrastructure Investment, Regional Economic Growth and the Spatial Spillover Effects: Based on Highway and Marine’s Panel Data Analysis. China Industrial Economics. 2010. Vol. 273. No. 12. P. 37-46.
  • 15. Zhang, J. Aggregate Economic Analysis during China’s Seventh Five-Year Plan: The Contribution of Production Factors to Economic Growth. Economic Research. 1991. No. 4. P. 8-17.
Typ dokumentu
Bibliografia
Identyfikator YADDA
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