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Maritime, air traffics and economic growth in Togo
[Trafics maritime, aérien et croissance économique au Togo]

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  • Palakiyèm Kpemoua

    (Université de Lomé [Togo])

Abstract

The objective of this study is to empirically evaluate the impacts of maritime traffic of goods and passenger air traffic on Togo's long-run economic growth. The empirical methodology used is based on the Dynamic Ordinary Least Square (DOLS) approach proposed by Stock and Watson (1993), based on two log-quadratic models and based on cointegration techniques. The estimates use annual data for the periods 1960-2014 and 1970-2001, respectively. The empirical findings reveal two fundamental conclusions: the impact of maritime freight traffic is negative while that of air passenger traffic is positive on economic growth, all weak and significant in the long-run; furthermore the impact of maritime freight traffic is not suitable for a national level and the destination Togo is not very attractive. Such results raise the question of operational efficiency, the management of port and airport infrastructures as well as the level of Togo's exports, which are inextricably linked to economic policy.

Suggested Citation

  • Palakiyèm Kpemoua, 2018. "Maritime, air traffics and economic growth in Togo [Trafics maritime, aérien et croissance économique au Togo]," Working Papers hal-01874954, HAL.
    • Handle: RePEc:hal:wpaper:hal-01874954
    Note: View the original document on HAL open archive server: https://hal.science/hal-01874954
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    More about this item

    Keywords

    corridors; Mots-Clés : Infrastructures; croissance économique; cointegration; H54; Togo Classification JEL: C32; Togo JEL Codes : C32; economic growth; H54 Keywords: Infrastructure; E62;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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