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What We Learned about the Relationship between Transport System, Economic and Population Growth in the case of Landlocked Country?

Journal: Journal of Economic and Financial Modelling (JEFM) (Vol.2, No. 1)

Publication Date:

Authors : ; ;

Page : 55-67

Keywords : Road and rail transport; Economic and population growth; Causality relationship;

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Abstract

The aim of this paper is to model and quantify the interactions between transport, economic and population growth. To do this, we have used an econometric analysis based on the Vector autoregressive (VAR) and Vector error coorections (VEC) models. This paper highlights two aspects of transport sector: i) the systemic and historical aspect of transport and ii) the implications for public finances. The used techniques provided us detailed results about the causality quantification between transport system, economy and society. This paper proposes the quantification of the interactions which can helps decisions made in public-transport investment in the medium and long term, especially in a landlocked country. Many interactions between GDP, transport system and population have been found for the case of Burkina Faso during the 1960-2008 periods. Results show that interactions in the medium and long term are conducted as a phenomenon of "snowball".

Last modified: 2014-08-19 21:29:42