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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

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

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Beyzatlar, Mehmet Aldonat ; Karacal, Müge ; Yetkiner, I. Hakan
• Ereignis: Veröffentlichung
• (wer): Izmir University of Economics, Department of Economics
• (wo): Izmir
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/175921
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ