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Scientific paper - Original scientific paper
The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states
Economic research - Ekonomska istraživanja, 31. (2018), 1; 1953-1964. urn:nbn:hr:192:287521
Vlahinić Lenz, Nela; Pavlić Skender, Helga; Mirković, Petra Adelajda

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Vlahinić Lenz, N., Pavlić Skender, H. & Mirković, P. A. (2018). The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states. Economic research - Ekonomska istraživanja, 31.. (1), 1953-1964. Retrieved from https://urn.nsk.hr/urn:nbn:hr:192:287521

Vlahinić Lenz, Nela, et al. "The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states." Economic research - Ekonomska istraživanja, vol. 31., no. 1, 2018, pp. 1953-1964. https://urn.nsk.hr/urn:nbn:hr:192:287521

Vlahinić Lenz, Nela, Helga Pavlić Skender and Petra Adelajda Mirković. "The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states." Economic research - Ekonomska istraživanja 31., no. 1 (2018): 1953-1964. https://urn.nsk.hr/urn:nbn:hr:192:287521

Vlahinić Lenz, N., Pavlić Skender, H. and Mirković, P. A. (2018) 'The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states', Economic research - Ekonomska istraživanja, 31.(1), pp. 1953-1964. Available at: https://urn.nsk.hr/urn:nbn:hr:192:287521 (Accessed 01 December 2024)

Vlahinić Lenz N, Pavlić Skender H, Mirković PA. The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states. Economic research - Ekonomska istraživanja [Internet]. 2018 [cited 2024 December 01];31.(1):1953-1964. Available at: https://urn.nsk.hr/urn:nbn:hr:192:287521

N. Vlahinić Lenz, H. Pavlić Skender and P. A. Mirković, "The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states", Economic research - Ekonomska istraživanja, vol. 31., no. 1, pp. 1953-1964, 2018. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:287521. [Accessed: 01 December 2024]

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Metadata
Title (english)The macroeconomic effects of transport infrastructure on economic growth: the case of Central and Eastern E.U. member states
AuthorNela Vlahinić Lenz
Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia
AuthorHelga Pavlić Skender
Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia
AuthorPetra Adelajda Mirković
Faculty of Economics and Business, Ivana Filipovica 4, University of Rijeka, Rijeka, Croatia
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
This paper empirically investigates the effects of transport infrastructure on economic growth in Central and Eastern European Member States (C.E.M.S.) in the period 1995–2016. During the transition period in C.E.M.S., most investments were focused on the roads, while railways have been lagging for decades. The aim of this paper is to estimate the effects of transport infrastructure (road and rail) on economic growth while controlling with other variables such as population growth, gross fixed capital formation and trade openness. We use panel data analysis with three standard estimators: pooled ordinary least squares, fixed effects and random effects. The results show positive effects in case of all estimated variables, except the railway infrastructure where the effects seem to be negative. The results illustrate the long-standing problem of inefficient and outdated railway infrastructure. These results should be seen in a broader context, especially in the light of the ongoing desire to reduce CO2 emissions that are to a large extent produced by road transport, while railway transport is more environmentally friendly. This paper supports the European Union’s guidelines for the need to invest in railway infrastructure to ensure effective transport in the long term, create competitive advantages, reduce greenhouse gas emissions and thus simulate sustainable economic growth in C.E.M.S.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleEconomic research - Ekonomska istraživanja
Numberingvol. 31., no. 1, pp. 1953-1964
p-ISSN1331-677X
e-ISSN1848-9664
URN:NBNurn:nbn:hr:192:287521
Publication2018
Document URLhttps://hrcak.srce.hr/217022
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2019-05-10 09:43:44