The contribution of transport infrastructure to economic activity: The case of Belgium

Meersman, Hilde; Nazemzadeh, Marzieh

doi:10.1016/j.cstp.2017.03.009

Cited by 103 publications

(84 citation statements)

References 22 publications

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“…As in Table 8, we noticed a negative impact of the length of railways lines on GDPC (Equation (1)). Contrariwise, consistent with [82] and analogous to Table 9, the length of motorways positively influenced economic growth (Equation (2)). With regard to the carriage of goods by the main forms of transport, a positive and statistically significant impact was observed (Equations (3)-(5)), similarly [59].…”

Section: Cointegration and Causality Examinationsupporting

confidence: 57%

“…Likewise, investments in transport infrastructure positively influenced economic growth (Equations (1)-(3)), apart from investments in airport infrastructure that negatively influenced GDPC (Equation (5)). In the case of investments in maritime port infrastructure, a statistically non-significant impact was observed (Equation (4)), contrary to [82]. In relation to air pollutants, the share of CO 2 emissions from railway transport in total carbon dioxide emissions from transport negatively influenced GDPC (Equation (1)), as in Table 8.…”

Section: Cointegration and Causality Examinationmentioning

confidence: 58%

“…The fixed-effects approach was selected since the study was limited to a particular group of states [34]. Onward, the nexus between transport infrastructure, associated investments, emissions of carbon dioxide, and economic growth was explored through a panel vector autoregressive model [2,8,39,44,50,55,59,62,64,65,69,71,82,83,87,93,101,105]. Firstly, the unit root of each variable was examined, then the long-run cointegration link among the variables is investigated, and afterwards the panel vector error correction model (henceforth "PVECM") was estimated to infer the Granger causal associations [44].…”

Section: Quantitative Frameworkmentioning

confidence: 99%

“…Depending on availability, the data was gathered from Eurostat, OECD, and the World Bank. Gross domestic product per capita was employed as a proxy for sustainable economic growth [2,34,39,43,44,51,58,68,76,85,89,93,95], whereas several measures towards transport infrastructure [2,8,39,42,50,54,58,61,68,93], investment in transport infrastructure [8,43,73,81,82,97], transport pollution [34,50,58,89,95,106], and country-level controls [2,53,58,61,85,93,95,106] were considered, as exhibited in Table 4. Source: Authors' work.…”

Section: Sample and Variablesmentioning

confidence: 99%

“…Therefore, transport infrastructure, related investments, emissions of carbon dioxide, and economic growth has a long-run relationship in the EU-28 countries. For robust statistical estimates, we employed a non-parametric approach, namely a panel with a fully modified ordinary least squares (henceforth "FMOLS") estimator as in [5,59,65,77,82,107], but also an alternative parametric method, respectively a dynamic ordinary least squares estimator (henceforth "DOLS"), as in [5]. The FMOLS is the desirable econometric way to assess the long-run parameter estimates that handle both the endogeneity and serial correlation concerns [59], whilst DOLS covers the lagged first difference [77].…”

Section: Cointegration and Causality Examinationmentioning

confidence: 99%

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Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth

et al. 2018

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This paper examines the nexus between the main forms of transport, related investments, specific air pollutants, and sustainable economic growth. The research is important since transport may act as a facilitator of social, economic, and environmental development. Based on data retrieved from Eurostat, Organisation for Economic Co-operation and Development (OECD), and World Bank, the output of fixed-effects regressions for EU-28 countries over 1990-2016 reveals that road, inland waterways, maritime, and air transport infrastructure positively influence gross domestic product per capita (GDPC), though a negative link occurred in the case of railway transport. As concerning investments in transport infrastructure, the empirical results exhibit a positive impact on economic growth for every type of transport, except inland waterways. Besides, emissions of CO 2 from all kind of transport, alongside other specific air pollutants, negatively influence GDPC. The fully modified and dynamic ordinary least squares panel estimation results reinforce the findings. Further, in the short-run, Granger causality based on panel vector error correction model pointed out a unidirectional causal link running from sustainable economic growth to inland waterways and maritime transport of goods, albeit a one-way causal link running from the volume of goods transported by air to GDPC. As well, the empirical results provide support one-way short-run links running from GDPC to investments in road and inland waterway transport infrastructure. In addition, a bidirectional short-run link occurred between carbon dioxide emissions from railway transport and GDPC, whereas unidirectional relations with economic growth were identified in the case of carbon dioxide emissions from road and domestic aviation. In the long-run, a bidirectional causal relation was noticed between the length of the railways lines, investments in railway transport infrastructure, and GDPC, as well as a two-way causal link between the gross weight of seaborne goods handled in ports and GDPC.

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Section: Cointegration and Causality Examinationsupporting

confidence: 57%

Section: Cointegration and Causality Examinationmentioning

confidence: 58%

Section: Quantitative Frameworkmentioning

confidence: 99%

Section: Sample and Variablesmentioning

confidence: 99%

Section: Cointegration and Causality Examinationmentioning

confidence: 99%

See 3 more Smart Citations

Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth

et al. 2018

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A Strategic Asset Management Framework for Improving Transport Infrastructure: Analysis for Belgian Land Transport Modes

Molinari

Haezendonck

Hensmans

2022

Lecture Notes in Mechanical Engineering

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In today's society, infrastructure asset management is a priority for multiple policymakers as it is key to guarantee high-quality transport infrastructure. While the relative quality of transport infrastructure in a number of Western European countries is deteriorating, the volumes of freight and passengers, as well as the expected service levels of all modes of transport for citizens and businesses, are increasing sharply. In response, infrastructure asset managers have developed and integrated technical and management system innovations. While short-term cost and damage control is taken better care of, a long-term asset vision and strategic principles supporting a strong future transport infrastructure network are still largely missing in many EU countries. In this paper, we analyze the strategic infrastructure asset management (SIAM) for Belgian road transport, rail and inland waterways through a cross-case analysis. Our literature study identifies strategic asset management principles, potential barriers and solutions for transport infrastructure assets in general, as well as for the different transport modes in particular. Through in-depth interviews with Belgian top administrators, the principles and SIAM frameworks for different types of mainland infrastructure are analyzed. We find, based on the studied Belgian cases, that 'one SIAM-model does not fit all', and that a variety of models, adapted to transport modes and the regional context, could better suit the strategic goals of different policies.

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Transportation and Economic Development: Advancing Technological Innovation and Sustainability in the Transportation Sector of a Developing Nation

Olowogbon,

Fakayode,

Luke

2024

Sustainable Development Goals Series

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The contribution of transport infrastructure to economic activity: The case of Belgium

Cited by 103 publications

References 22 publications

Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth

Empirical Evidence from EU-28 Countries on Resilient Transport Infrastructure Systems and Sustainable Economic Growth

A Strategic Asset Management Framework for Improving Transport Infrastructure: Analysis for Belgian Land Transport Modes

Transportation and Economic Development: Advancing Technological Innovation and Sustainability in the Transportation Sector of a Developing Nation

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