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Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context

This study investigates the relationship between transportation infrastructure and economic growth across 48 countries, which included 33 developed countries and 15 developing countries. Transportation infrastructure is separated specifically into different types of transportation, such as road, rai...

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Main Authors: Ng, Bryan Yanxun, Loo, Chun Yuan, Mak, Shu Hang
Format: Final Year Project / Dissertation / Thesis
Published: 2024
Subjects:
HE Transportation and Communications
HJ Public Finance
Online Access:http://eprints.utar.edu.my/6774/1/Bryan_Ng_Yanxun_2002418.pdf
http://eprints.utar.edu.my/6774/
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spelling my-utar-eprints.67742024-10-02T10:02:34Z Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context Ng, Bryan Yanxun Loo, Chun Yuan Mak, Shu Hang HE Transportation and Communications HJ Public Finance This study investigates the relationship between transportation infrastructure and economic growth across 48 countries, which included 33 developed countries and 15 developing countries. Transportation infrastructure is separated specifically into different types of transportation, such as road, railway, water, and air transport. Panel data analysis was conducted by employing Full-Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) models to determine which transportation infrastructure influences economic growth within these diverse contexts. In addition, this study also includes current data on transportation infrastructure investment as a key variable for the analysis. The results show that there is a positive relationship between transportation infrastructure across developed and developing countries. Specifically, different impacts of different transportation modes on economic growth, shedding light on their respective contributions to particular countries’ RGDP. Furthermore, this study also reveals the importance of transportation infrastructure investment as a crucial promoter of economic development. This research offers important insight for researchers and policymakers who wish to maximize transportation infrastructure investment to promote sustainable economic growth as it conducted an in-depth analysis that covers both developed and developing countries. The results of this study have strategic consequences for the allocation of resources and strategic planning in the field of transportation infrastructure development. They also provide alternatives for improving economic performance and advancing equitable growth internationally. Keywords: Transportation infrastructure (road, railway, air, and water), transportation infrastructure investment, RGDP, developing countries, developed countries, panel data analysis, FMOLS, DOLS, economic growth 2024-01 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/6774/1/Bryan_Ng_Yanxun_2002418.pdf Ng, Bryan Yanxun and Loo, Chun Yuan and Mak, Shu Hang (2024) Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context. Final Year Project, UTAR. http://eprints.utar.edu.my/6774/
institution Universiti Tunku Abdul Rahman
building UTAR Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tunku Abdul Rahman
content_source UTAR Institutional Repository
url_provider http://eprints.utar.edu.my
topic HE Transportation and Communications
HJ Public Finance
spellingShingle HE Transportation and Communications
HJ Public Finance
Ng, Bryan Yanxun
Loo, Chun Yuan
Mak, Shu Hang
Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context
description This study investigates the relationship between transportation infrastructure and economic growth across 48 countries, which included 33 developed countries and 15 developing countries. Transportation infrastructure is separated specifically into different types of transportation, such as road, railway, water, and air transport. Panel data analysis was conducted by employing Full-Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS) models to determine which transportation infrastructure influences economic growth within these diverse contexts. In addition, this study also includes current data on transportation infrastructure investment as a key variable for the analysis. The results show that there is a positive relationship between transportation infrastructure across developed and developing countries. Specifically, different impacts of different transportation modes on economic growth, shedding light on their respective contributions to particular countries’ RGDP. Furthermore, this study also reveals the importance of transportation infrastructure investment as a crucial promoter of economic development. This research offers important insight for researchers and policymakers who wish to maximize transportation infrastructure investment to promote sustainable economic growth as it conducted an in-depth analysis that covers both developed and developing countries. The results of this study have strategic consequences for the allocation of resources and strategic planning in the field of transportation infrastructure development. They also provide alternatives for improving economic performance and advancing equitable growth internationally. Keywords: Transportation infrastructure (road, railway, air, and water), transportation infrastructure investment, RGDP, developing countries, developed countries, panel data analysis, FMOLS, DOLS, economic growth
format Final Year Project / Dissertation / Thesis
author Ng, Bryan Yanxun
Loo, Chun Yuan
Mak, Shu Hang
author_facet Ng, Bryan Yanxun
Loo, Chun Yuan
Mak, Shu Hang
author_sort Ng, Bryan Yanxun
title Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context
title_short Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context
title_full Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context
title_fullStr Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context
title_full_unstemmed Bridging gaps, building futures: Deciphering the economic impacts of transport infrastructure and its investment in a global context
title_sort bridging gaps, building futures: deciphering the economic impacts of transport infrastructure and its investment in a global context
publishDate 2024
url http://eprints.utar.edu.my/6774/1/Bryan_Ng_Yanxun_2002418.pdf
http://eprints.utar.edu.my/6774/
_version_ 1812131998877089792
score 13.211869

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