Abstract

Based on the Production Function Model, the paper analyzes the interrelation of transportation infrastructure investment and economic growth in different provinces from 1994 to 2009. And in the conditions of constant returns to scale and increasing returns to scale, the paper also calculates the output coefficients of provincial transportation infrastructure investment respectively. The result is that the promotion effect of transportation infrastructure investment to economic growth is greater in developed region, and transportation infrastructure, on which investing should focus on the long term development of economy, is the necessary condition to the promotion of economic growth rather than the sufficient condition.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.