Causality between Public Investment in Transport and Communication and Economic Growth

University of Nottingham Research Paper No. 2005/10

20 Pages Posted: 2 Aug 2005

See all articles by Niloy Bose

Niloy Bose

University of Wisconsin at Milwaukee - Department of Economics; Virginia Polytechnic Institute & State University - Department of Economics

M. Emranul Haque

University of Nottingham

Abstract

This paper aims to provide an explanation for the robust and consistent relationship between public investment in transport and communication and economic growth that has frequently surfaced in recent empirical studies. Using both informal and formal causality tests, the paper finds that, for a set of developing countries, the strong association is the result of the effect running from growth to public investment rather than vice versa.

Keywords: Public investment,transport and communication, economic growth

JEL Classification: O42, E62

Suggested Citation

Bose, Niloy and Haque, Mohammad Emranul, Causality between Public Investment in Transport and Communication and Economic Growth. Available at SSRN: https://ssrn.com/abstract=764465 or http://dx.doi.org/10.2139/ssrn.764465

Niloy Bose (Contact Author)

University of Wisconsin at Milwaukee - Department of Economics ( email )

Bolton Hall
Milwaukee, WI 53211
United States
414-229-6132 (Phone)

HOME PAGE: http://www.uwm.edu/Dept/Economics/faculty/bose.html

Virginia Polytechnic Institute & State University - Department of Economics ( email )

3021 Pamplin Hall
Blacksburg, VA 24061
United States

Mohammad Emranul Haque

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

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