Influence of highway network on economic growth: Empirical evidence from the former planned economics
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2017-10-09
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en
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Abstract
Countries with the post planned economies have faced various economic performances over the time following the failure of the state-controlled economy system. The target of this research is to shed light on the unstudied differences of the transition economies with respect to highway networking and economic growth. There have been many researches examining the effects of infrastructure on the country development, however this study explores and focuses only on the influence of infrastructural asset. The additional hypothesis implies that a particular distinguishable analysis in the past socialist economies might have an impact of highway network on the GDP. The outcome shows that the highway network has an influence on economic growth but this evidence is quite ambiguous. The results also introduce the possible impact of the country specific effects on highway network-economic development relationship
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Faculteit der Managementwetenschappen