Impact of Transport Infrastructure Investment on Economic Development and Employment
نویسنده
چکیده
The present paper is an effort to support a rational and justified answer to the question whether and to which extent the various categories of transport infrastructure (airports, roads, railways, ports) contribute to economic development and employment. The analysis is based on a review of relevant scientific work and research conducted by the authors. Conditions for a transport infrastructure to contribute positively to economic development are first analyzed: location of investment, nature of goods and services produced, eventual comparative advantages, conditions of the market, political and economic environment. Difficulties in establishing an analytical relationship relating economic developing and its generating factors (labor, capital and infrastructure) are identified and discussed. A disaggregated approach concerning effects on GDP of each type of transport infrastructure is then addressed. From data from airports all over the world it is established a clear causal relationship between the number of passengers of an airport and direct and indirect/induced jobs created form the activity of the airport. Similarly, causal relationships between amounts invested in road and rail infrastructure and growth of economic activity and employment is depicted.
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تاریخ انتشار 2013