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Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)

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  • CHETENI, PRIVILEDGE

Abstract

This paper examines the impact of transport infrastructure investment and transport sector productivity on South African economic growth for the period 1975-2011. We use a Vector Error Correction Model and a Bayesian Vector Autoregressive model as empirical tools. The models provide an insight into the dynamic shocks on economic growth through impulse responses. The VECM reveals that economic growth is influenced by inflation, domestic fixed transport investments, and real exchange rate, yet on the BVAR model it was influenced by inflation, domestic fixed transport investments, multi factor productivity, real exchange rate and second period Gross Domestic Product.

Suggested Citation

  • Cheteni, Priviledge, 2013. "Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)," MPRA Paper 53175, University Library of Munich, Germany, revised 18 Jul 2013.
    • Handle: RePEc:pra:mprapa:53175
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    References listed on IDEAS

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    Cited by:

    1. Pavitra Dhamija, 2020. "Economic Development and South Africa: 25 Years Analysis (1994 to 2019)," South African Journal of Economics, Economic Society of South Africa, vol. 88(3), pages 298-322, September.
    2. Stungwa, Sanele & Daw, Olebogeng David, 2021. "Infrastructure development and population growth on economic growth in South Africa," MPRA Paper 110884, University Library of Munich, Germany.
    3. Vipul Bhatt & Mouhua Liao & Min Qiang Zhao, 2019. "Government Policy and Land Price Dynamics: A Quantitative Assessment of China's Factor Market," Working Papers 2019-07-03, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.

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    More about this item

    Keywords

    South Africa; Transport infrastructure; economic growth; transport sector; productivity;
    All these keywords.

    JEL classification:

    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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