Transportation infrastructure investment, growth and international trade in Turkey

Kuştepeli Y. R., Gulcan Y., Akgüngör E. S.

APPLIED ECONOMICS, cilt.44, sa.20, ss.2619-2629, 2012 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 44 Sayı: 20
  • Basım Tarihi: 2012
  • Doi Numarası: 10.1080/00036846.2011.566189
  • Dergi Adı: APPLIED ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.2619-2629
  • Anahtar Kelimeler: transportation infrastructure, highways, economic growth, trade, cointegration analysis, TIME-SERIES, PUBLIC-INVESTMENT, RETURNS
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Investment in transportation infrastructure facilitate the movement of the goods; leading to higher standards of living for the people of the whole globe. Although infrastructure is indispensable to achieve the main development targets in developing countries, such as urbanization, industrialization and sustainable economic development (Kim, 2006), the relationship between infrastructure expenditures, economic growth and international trade is inconclusive. The aim of this study is to investigate the effect of investment on highway infrastructure on international trade and economic growth in Turkey for the period of 1970 to 2005. The empirical results from causality and cointegration analysis suggest only a very weak short run effect of share of exports in Gross National Product (GNP) on highway transportation expenditures but no long run relationships between highway infrastructure expenditures, economic growth and international trade in Turkey.