Investigating the causal relationship between transportation infrastructure, financial penetration and economic growth in G-20 countries

Rudra P. Pradhan

Research in Transportation Economics, 2019, vol. 78, issue C

Abstract: This study examined the interactions between transportation infrastructure, financial penetration, and economic growth in the G-20 countries from 1961 to 2016. The aim was to investigate whether temporal causality exists between the variables. Using the panel vector error-correction model, we determined the long-run and short-run links between the variables. The study's most robust finding is that both financial penetration and transportation infrastructure stimulate economic growth in the long run. Short-run results, on the other hand, were non-uniform and depended on the specific measure of financial penetration and transportation infrastructure utilized.

Keywords: Transportation infrastructure; Financial penetration; Economic growth; Temporal causality; G-20 countries (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0739885919302781
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:78:y:2019:i:c:s0739885919302781

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_2&version=01

DOI: 10.1016/j.retrec.2019.100766

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().