Template-Type: ReDIF-Article 1.0
Author-Name: Pedro Cantos Sanchez
Author-Workplace-Name: University of Valencia
Author-Name: Mercedes Gumbau Albert
Author-Workplace-Name: University of Valencia
Title: TRANSPORT INFRASTRUCTURES, CO2 EMISSIONS AND ECONOMIC GROWTH: NEW EVIDENCE FROM OECD COUNTRIES
Abstract: The impact of public infrastructures on economic growth is of interest in the context of tight budget restrictions. For a panel of OECD countries, we estimate a production
function incorporating as additional inputs a measure of transport infrastructures and the levels of CO2 emitted by the various means of transport to proxy for the use of the
environment. Using a GMM estimate and a translogarithmic function the output-elasticity of aggregate transport infrastructures is negative, whereas the elasticity takes a positive and
significant value with regard to the use of the environment. By types of infrastructures, most of the elasticities are not significant, suggesting that transport infrastructures do not
generate economic growth directly, but do so indirectly by a higher consumption of the environment.
Volume: 42
Issue: 2
Year: 2015
Handle: RePEc:jte:journl:2015:2:42:6