Transport infrastructure and its impact on the economic growth in the EU

• Název práce v češtině: Dopravní infrastruktura a její vliv na ekonomický růst v EU
• Název v anglickém jazyce: Transport infrastructure and its impact on the economic growth in the EU
• Klíčová slova: dopravní infrastruktura, ekonomický růst, produkční funkce, Varšavská smlouva, železnice, silnice, kapitál
• Klíčová slova anglicky: transport infrastructure, economic growth, production, function, Warsaw pact, railway, roads, capital
• Akademický rok vypsání: 2018/2019
• Typ práce: bakalářská práce
• Jazyk práce: angličtina
• Ústav: Institut ekonomických studií (23-IES)
• Vedoucí / školitel: Petr Pleticha, M.Sc., Ph.D.
• Řešitel: skrytý - zadáno vedoucím/školitelem
• Datum přihlášení: 31.05.2019
• Datum zadání: 31.05.2019
• Datum a čas obhajoby: 09.09.2020 09:00
• Místo konání obhajoby: Opletalova - Opletalova 26, O206, Opletalova - místn. č. 206
• Datum odevzdání elektronické podoby: 31.07.2020
• Datum proběhlé obhajoby: 09.09.2020
• Oponenti: doc. Ing. Tomáš Cahlík, CSc.

Seznam odborné literatury

Aschauer, D. A. (1989): “Is public expenditure productive?” Journal of Monetary Economics23(2): pp. 177–200.¨

Canning, D. & P.Pedroni(2008): “INFRASTRUCTURE, LONG-RUN ECONOMIC GROWTH AND CAUSALITY TESTS FOR COINTE-GRATED PANELS.” Manchester School76(5): pp. 504–527.

Comission, E. (2014): Infrastructure in the EU developments and impact on growth. Brussels: Europ. Comm., Dir.-General for Economic and Financial Affairs, Unit Communication and interinstitutional relations.

Gupta, S., B.Clements, E.Baldacci, & C.Mulas-Granados(2005): “Fiscal policy, expenditure composition, and growth in low-income countries.” Journal of International Money and Finance24(3): pp. 441–463.

Munnell, A. H. (1992): “Policy watch: Infrastructure investment and economic growth.” Journal of Economic Perspectives6(4): pp. 189–198.

Lenz, N. V., H. P.Skender, & P. A.Mirkovic‡(2019): “The macroeconomic effects of transport infrastructure on economic growth.” EconomicResearch-Ekonomska Istrazivanja 31 (1): pp. 1953–1964

Předběžná náplň práce v anglickém jazyce

Research question and motivation
Vast number of studies have been carried out to analyze the relationship between transport, capital infrastructure and economic growth. Further analyses were conducted to observe the causal relationship between a public investment injection and an increase in economic growth. This thesis will study the correlation between the level of transport infrastructure across EU member states and its impact on the growth of economy. It will try to answer the question of whether investments in transport infrastructure can boost the growth of country’s economy.

Contribution
There is a limited number of studies for the EU member states sample. The analysis will include capital stock of public transport infrastructure and compare the effects in “western” and “post-socialist” countries to analyze wether the elasticities differ across these regions.

Methodology
The thesis will utilize the Production Function approach, first used by Aschauer (1989) and discuss the impact of transport infrastructure stock on the GDP. The implementation of Cobb-Douglass production function was chosen as the best reliable option given available data and the nature of analysed hypothesis. The selected methodology will utilize panel data for European countries from the period 1995-2007.

Data will be obtained from 3 sources – Eurostat, OECD Transport forum and the Statistical pocketbook of the European Commission. Eurostat offers detailed data on GDP growth and other economic indicators. OECD Transport forum database includes data on Transport infrastructure investments for OECD member states. Road, motorway and railway data will be sourced from the European Comission database.

Outline
1. Introduction
2. Review of existing literature
a. Analysis of existing approaches
3. Areas of transport investment
4. Data introduction
a. Review of sources and basic statistical analysis
5. Methodology
6. Analysis results
7. Conclusion