Dynamics of Transport Infrastructure, Exports and Economic Growth in the United States

Authors

  • Tingting Tong Georgia Institute of Technology
  • T. Edward Yu University of Tennessee
  • Roland K. Roberts University of Tennessee

DOI:

https://doi.org/10.5399/osu/jtrf.53.1.4204

Abstract

This paper focuses on the dynamic relationships among transport infrastructure, exports and economic growth in the United States using a multivariate time-series analysis. Results suggest that the formation of highways and streets affects economic growth indirectly through enhancing the capital stock of non-transport infrastructure and crowding in private capital. The reverse causality from economic output to highway and street infrastructure is observed. Aggregate capital stock of non-transport infrastructure, excluding national defense, has sustainable positive effects on economic output and exports over a number of years. Empirical evidence also shows that highway and street infrastructure and non-transport infrastructure Granger cause exports.

Downloads

Published

2014-03-01

Issue

Section

Articles