Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14365/1470
Title: | The Granger-Causality Between Wealth and Transportation: a Panel Data Approach | Authors: | Yetkiner, Hakan Beyzatlar, Mehmet Aldonat |
Keywords: | Granger-causality Wealth Income Transportation Freight Passenger Economic-Growth Air Transport Infrastructure Cointegration Urbanization Demand India China Gdp |
Publisher: | Elsevier Sci Ltd | Abstract: | This study examines the causal relationship between wealth and transportation. The study first develops two alternating theoretical frameworks between wealth and transportation: one in which transportation is demanddriven and one in which transportation has dual role, demand-driven and supply-driving. Next, the study undertakes Granger-causality estimations for a panel of 18 countries over the period 1970-2017. It is found that the dominant Granger-causality relationship is bidirectional for majority of countries. The study also shows that there is high consistency in the Granger-causality relationship between wealth and transportation, and income and transportation. The study has three important contributions: First, the relationship between wealth and transportation is shown both theoretically and empirically. Second, transportation is shown to have dual role in an economy. Finally, it is shown that the wealth-transportation relationship and the transport-income relationship are equally robust and consistent. | URI: | https://doi.org/10.1016/j.tranpol.2020.07.004 https://hdl.handle.net/20.500.14365/1470 |
ISSN: | 0967-070X 1879-310X |
Appears in Collections: | PubMed İndeksli Yayınlar Koleksiyonu / PubMed Indexed Publications Collection Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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