Change search
ReferencesLink to record
Permanent link

Direct link
Does infrastructure really cause growth?: the time scale dependent causality nexus between infrastructure investments and GDP
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.
2012 (English)Report (Other academic)
Abstract [en]

This paper investigates the relationship between infrastructure investments and economic activity in Sweden for the period 1800-2000. In order to overcome the problem of endogeneity, independent time scales are used to analyze the relationship. The paper also examines the dynamics between the variables by testing for causality in the Granger sense and constructing a vector autoregressive model separately for each time scale. The finding is that the causality nexus between growth and transport infrastructure investment is timescale-dependent since it reverses in a comparison of the short-run dynamics (2-4 years) and the longer-run dynamics (8-16 years). This causality reversal is unique for infrastructure investments compared to investments in other sectorsof the economy.

Place, publisher, year, edition, pages
Stockholm: Centre for Transport Studies Stockholm, Swedish National Road & Transport Research Institute (VTI), KTH Royal Institute of Technology, S-WoPEc, Scandinavian Working Papers in Economics , 2012. , 31 p.
CTS Working Paper, 2012:15
Keyword [en]
Transport infrastructure, Investment, Development, Economics, Growth rate, Correlation (math, stat), Statistics, Analysis (math)
National Category
Research subject
Railway: General works, surveys, comprehensive works, Railway: Economics; Road: General works, surveys, comprehensive works, Road: Economics
URN: urn:nbn:se:vti:diva-669OAI: diva2:669364
Available from: 2013-12-03 Created: 2013-12-03 Last updated: 2014-03-17Bibliographically approved

Open Access in DiVA

fulltext(378 kB)213 downloads
File information
File name FULLTEXT01.pdfFile size 378 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Krüger, Niclas
By organisation
Transport economics Stockholm

Search outside of DiVA

GoogleGoogle Scholar
Total: 213 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 39 hits
ReferencesLink to record
Permanent link

Direct link