The Granger-Causality between Transportation and GDP: A Panel Data Approach

Arbeitspapier

This study investigates the Granger-causality relationship between real per capita GDP and transportation of EU-15 countries using a panel data set covering the period 1970-2008. Our findings indicate that the dominant type of Granger-causality is bidirectional. Accordingly, we conclude that care must be paid in defining the dependent and independent variables when studying the relationship between transportation and income. Instances of one-way or no Granger-causality were found to correspond with countries with the lowest income per capita ranks in 1970 and/or in 2008, including Portugal, Greece and Italy. We speculate that bi-directional Granger causality between income and transportation is observed only after an economy has completed its transition in terms of economic development.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Papers in Economics ; No. 12/03

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
• Subject: Granger-causality ; Transportation ; Income ; Nationaleinkommen ; Verkehrsinfrastruktur ; Kausalanalyse ; Schätzung ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Beyzatlar, Mehmet Aldonat ; Karacal, Müge ; Yetkiner, I. Hakan
• Event: Veröffentlichung
• (who): Izmir University of Economics, Department of Economics
• (where): Izmir
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/175921
• Last update: 10.03.2025, 11:44 AM CET