īelotti F, Hughes G, Mortari PA (2016) Spatial panel data models using Stata. Econ Perspect 14(5):4–24īaum-Snow N, Henderson JV, Turner MA, Zhang Q, Brandta L (2018) Does investment in national highways help or hurt hinterland city growth? J Urban Econ. Oxf Rev Econ Policy 32(3):360–390Īschauer DA (1990) Highway capacity and economic growth. Transp Policy 45:99–106Īnsar A, Flyvbjerg B, Budzier A, Lunn D (2016) Does infrastructure investment lead to economic growth or economic fragility? Evidence from China. Harvard University Press, CambridgeĪndrejić M, Bojović N, Kilibarda M (2016) A framework for measuring transport efficiency in distribution centers. Renew Sustain Energy Rev 56:988–998Īlonso W (1964) Location and land use: towards a general theory of land rent. This study suggests that both central and local governments should carefully evaluate the multifaceted economic effects of transportation investment, such as a balanced transportation investment and economic development between growing and lagging regions, and considering the spatiotemporal heterogeneity of the economic environment.Īchour H, Belloumi M (2016) Investigating the causal relationship between transport infrastructure, transport energy consumption and economic growth in Tunisia. The economic impacts of transportation investment are quite positive even considering the time lag effects. Results show that transportation investment leads to significant and positive effects on growth and spatial concentration of economic activities, but these results vary significantly depending on the temporal and spatial characteristics of each province. To fill this gap, this study collects provincial panel data in China from 1997 to 2015 to evaluate multi-level temporal and spatial effects of transportation investment on economic growth by using spatial panel data analysis. Current literature lacks systematical research to consider the impacts of panel data and spatial correlation issue in examining the economic effects of transportation investment. For developing countries undergoing rapid urbanization, answering these questions is necessary for evaluating proposals and determining investment plans, especially considering the heterogeneity of spatiotemporal conditions. However, in what scenario and to what extent transportation investment can stimulate economic growth still remains debatable. Transportation investment plays a significant role in promoting economic development.
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