Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)

Priviledge Cheteni

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the impact of transport infrastructure investment and transport sector productivity on South African economic growth for the period 1975-2011. We use a Vector Error Correction Model and a Bayesian Vector Autoregressive model as empirical tools. The models provide an insight into the dynamic shocks on economic growth through impulse responses. The VECM reveals that economic growth is influenced by inflation, domestic fixed transport investments, and real exchange rate, yet on the BVAR model it was influenced by inflation, domestic fixed transport investments, multi factor productivity, real exchange rate and second period Gross Domestic Product.

Keywords: South Africa; Transport infrastructure; economic growth; transport sector; productivity (search for similar items in EconPapers)
JEL-codes: R42 (search for similar items in EconPapers)
Date: 2013-03-12, Revised 2013-07-18
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Citations: View citations in EconPapers (3)

Published in Mediterranean Journal of Social Sciences 13.4(2013): pp. 761-772

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53175

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