The Transportation-growth nexus in USA: Fresh insights from pre-post global crisis period
| Autor: | Erik Hille, Arshian Sharif, Muhammad Shahbaz |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
050210 logistics & transportation
05 social sciences 0211 other engineering and technologies Policy guidelines Transportation 02 engineering and technology Management Science and Operations Research Post crisis 0502 economics and business Development economics Economics 021108 energy Pre and post Nexus (standard) Period (music) Civil and Structural Engineering |
| Zdroj: | Transportation Research Part A: Policy and Practice. 121:108-121 |
| ISSN: | 0965-8564 |
| DOI: | 10.1016/j.tra.2019.01.011 |
| Popis: | This paper examines the transportation-growth nexus for the USA by taking monthly data for the period of 2000–2017. The Quantile-on-Quantile (QQ) approach introduced by Sim and Zhou (2015) is applied for empirical analysis. The empirical results show that the effect of economic growth (transportation services with sub-indices) on transportation services with sub-indices (economic growth) is positive for the USA during the pre-post crisis period. Overall, the results have shown the positive effect of transportation on economic growth, however the magnitude of the effect is intensified in the post crisis period. On the other hand, the effect of economic growth on transportation tends to reflect no apparent change displaying the strong positive association in the entire time period. Therefore, this study proposed the policy guidelines considering the links between transportation and economic growth enduring the changes transpired in pre and post period of the global crisis. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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