European Union Transport Infrastructure: Roads and Railways Subsectors Case

Ignas Lukosevicius ()
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Ignas Lukosevicius: Vytautas Magnus University, Lithuania

Eurasian Journal of Business and Management, 2020, vol. 8, issue 4, 305-318

Abstract: This article tests transport infrastructure‘s roads and railways subsectors impact on economic growth in the European Union during the 1990-2017 years time span. The latest public infrastructure investments trends in those subsectors are analyzed as well. Article’s empirical research encompasses all 28 European Union countries (at that time) data, and fills the gap of such researches in roads and railways subsectors case in the full European Union area. Proxy variables used for roads and railways subsectors are physical type, but with ability to encompass the usage of chosen infrastructure subsectors. It is a new feature in such type of researches, which usually uses either raw physical or raw monetary type of infrastructure variables. The research results show that both roads and railways subsectors have positive short run impact on economic growth in the European Union. Results are almost the same, with overall elasticity coefficients in both subsectors. Though post-2009 public infrastructure investments in these subsectors show declining pattern, in the overall situation‘s context there is no need to worry about it yet.

Keywords: Transport Infrastructure; Roads Subsector; Railways Subsector; Economic Growth; Physical Infrastructure Measures; Public Investments on Infrastructure (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejbmjr:v:8:y:2020:i:4:p:305-318

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