By ifmo Institut fur Mobilitatsforschung
ISBN-10: 3540682961
ISBN-13: 9783540682967
ISBN-10: 3540682996
ISBN-13: 9783540682998
This publication combines ways from economics in addition to company management to stimulate medical discourse and help decision-makers. the 1st a part of the ebook examines the connection among shipping and financial development, and particularly, no matter if "decoupling" of delivery and financial development appears to be like attainable. formerly unavailable neighborhood facts for Italy and Germany have been accumulated and analyzed. the consequences point out that delivery makes a huge contribution to fiscal development.
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Extra resources for Transport, Trade and Economic Growth - Coupled or Decoupled?: An Inquiry into Relationships between Transport, Trade and Economic Growth and into User ... Policy (Mobilitatsverhalten in der Freizeit)
Example text
Under the assumption that production factors are not working to full capacity, investment ALWAYS leads to output growth, no matter whether people are employed to dig wholes into the ground or to build roads. As soon as wages are paid, regardless of the nature of the work that is done, GDP increases. This holds true even if the utility for other branches of the economy or for individuals is questionable. Only if infrastructure investment increases the productivity of private factor inputs can benefits in other branches be reaped.
It is also shown that public infrastructure investment leads to higher private capital formation. Specification problems cast doubt on the plausibility of the results. Especially spurious correlation and reverse causation may raise doubts concerning the obtained results. The fact that studies produce positive and significant results does not necessarily lead to the conclusion that further infrastructure investment is efficient. Under the assumption that production factors are not working to full capacity, investment ALWAYS leads to output growth, no matter whether people are employed to dig wholes into the ground or to build roads.
2003) The Relationships between Transport, Trade and Economic Growth 35 proportional to output value but to distance (up to a certain amount), which vice versa usually is not proportional to the amount of border crossings. 3 Trade and Economic Growth After the examination of the relationship between transport costs and trade, I proceed with the analysis of the interlinkage between trade and economic growth in order to be able to combine these two direct connections into one indirect relationship between transport costs and economic growth via trade volume.
Transport, Trade and Economic Growth - Coupled or Decoupled?: An Inquiry into Relationships between Transport, Trade and Economic Growth and into User ... Policy (Mobilitatsverhalten in der Freizeit) by ifmo Institut fur Mobilitatsforschung
by Edward
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