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
Xiaoli Wu
中科院分区:
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文献类型:
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作者:
Xiaodong Wang;Danxuan Deng;Xiaoli Wu

文献摘要

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摘要本文利用Feder模型检验了交通基础设施对经济增长的影响。利用1990-2010年中国省际数据,通过基本模型、时滞模型和空间模型的实证分析,证明了交通基础设施对经济增长具有正的溢出效应。但是,由于挤出效应和部门间生产率差异的影响,对经济增长的直接影响是负的。研究还证明,随着时间的推移,溢出效应越来越弱。最后,空间溢出效应或网络效应得到证实。
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.