Stimulate economic growth by improving transport infrastructure – a lesson from China
Stimulate economic growth by improving transport infrastructure – a lesson from China
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通过改善交通基础设施刺激经济增长——中国的教训
DOI:
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发表时间:
2014
期刊:
影响因子:
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通讯作者:
Xiaoli Wu
中科院分区:
文献类型:
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作者:
Xiaodong Wang;Danxuan Deng;Xiaoli Wu
Summary. This paper uses Feder model to test impacts of transport infrastructure on economic growth. With China provincial data from 1990-2010 the empirical models, including Basic model, Time-Lag model and Spatial model, demonstrate that transport infrastructure does have a positive Spillover Effect on economic growth. However, Direct Effect on economic growth is negative possibly due to Crowding-Out Effect and productivity difference between sectors. The research also proves the Spillover Effects are becoming weaker as time passed. Finally, Spatial Spillover Effect or Network Effects are confirmed.