Maritime, air traffics and economic growth in Togo

Trafics maritime, aérien et croissance économique au Togo

Palakiyèm Kpemoua ()
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Palakiyèm Kpemoua: Université de Lomé [Togo]

Working Papers from HAL

Abstract: The objective of this study is to empirically evaluate the impacts of maritime traffic of goods and passenger air traffic on Togo's long-run economic growth. The empirical methodology used is based on the Dynamic Ordinary Least Square (DOLS) approach proposed by Stock and Watson (1993), based on two log-quadratic models and based on cointegration techniques. The estimates use annual data for the periods 1960-2014 and 1970-2001, respectively. The empirical findings reveal two fundamental conclusions: the impact of maritime freight traffic is negative while that of air passenger traffic is positive on economic growth, all weak and significant in the long-run; furthermore the impact of maritime freight traffic is not suitable for a national level and the destination Togo is not very attractive. Such results raise the question of operational efficiency, the management of port and airport infrastructures as well as the level of Togo's exports, which are inextricably linked to economic policy.

Keywords: corridors; Mots-Clés : Infrastructures; croissance économique; cointegration; H54; Togo Classification JEL: C32; Togo JEL Codes : C32; economic growth; H54 Keywords: Infrastructure; E62 (search for similar items in EconPapers)
Date: 2018-09-15
New Economics Papers: this item is included in nep-tre
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