Transportation Infrastructure Investment, Factor Market Distortion and Economic Growth

被引：0

作者：

Sun X.-X. ^{[1
]}

Zhou X.-L. ^{[1
]}

机构：

[1] School of Economics & Management, Fuzhou University, Fuzhou

来源：

Jiaotong Yunshu Xitong Gongcheng Yu Xinxi/Journal of Transportation Systems Engineering and Information Technology | 2019年 / 19卷 / 01期

关键词：

Economic growth; Factor market distortion; Transportation economy; Transportation infrastructure investment; Two-way fixed effect;

D O I：

10.16097/j.cnki.1009-6744.2019.01.003

中图分类号：

学科分类号：

摘要：

Based on the panel data of 30 provinces in China from 2005 to 2015, this paper examines the relationship between transportation infrastructure investment, factor market distortion and economic growth by using a two-way fixed effect model. The results show that there is a significant nonlinear effect between transportation infrastructure investment and economic growth, showing an inverted U-shaped relationship, that is, with the expansion of the scale of transportation infrastructure investment, economic growth first increased and then decreased. The sub-regional sample test shows that there is a significant inverted U-shaped relationship between transportation infrastructure investment and economic growth in the eastern region, while the inverted Ushaped relationship between transportation infrastructure investment and economic growth in the central and western regions is not significant. To further explore the impact mechanism of transportation infrastructure investment on economic growth, this paper introduces factor market distortion and finds that factor market distortions have negative impact on economic growth. From the perspective of enhancing the driving force of economic growth, this paper discusses the investment scale of transportation infrastructure under the optimal conditions of economic growth, which provides decision support for the construction of transportation infrastructure in China. Copyright © 2019 by Science Press.

引用

页码：13 / 18

页数：5

共 11 条

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