Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Seaport infrastructure investment and economic growth in Korea

Seaport infrastructure investment and economic growth in Korea A seaport plays an important role in the sector of sea transportations, exports, imports, tourism, and travel, and thus is an important ingredient of economic growth. This paper investigates the causality issues between seaport infrastructure investment and economic growth in Korea by applying modern time-series techniques. It employs annual data covering the period 1970–2002. Tests for unit roots, cointegration, and Granger-causality based on error correction models are presented. The results show that unidirectional causality runs from seaport infrastructure investment to economic growth without any feedback effect. This means that increase in seaport infrastructure investment directly affects economic growth. In order not to adversely affect economic growth, the Korean government and industry should endeavour to overcome the constraints on seaport infrastructure investment. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Critical Infrastructures Inderscience Publishers

Seaport infrastructure investment and economic growth in Korea

Loading next page...
 
/lp/inderscience-publishers/seaport-infrastructure-investment-and-economic-growth-in-korea-ERhnvGhsAo

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1475-3219
eISSN
1741-8038
Publisher site
See Article on Publisher Site

Abstract

A seaport plays an important role in the sector of sea transportations, exports, imports, tourism, and travel, and thus is an important ingredient of economic growth. This paper investigates the causality issues between seaport infrastructure investment and economic growth in Korea by applying modern time-series techniques. It employs annual data covering the period 1970–2002. Tests for unit roots, cointegration, and Granger-causality based on error correction models are presented. The results show that unidirectional causality runs from seaport infrastructure investment to economic growth without any feedback effect. This means that increase in seaport infrastructure investment directly affects economic growth. In order not to adversely affect economic growth, the Korean government and industry should endeavour to overcome the constraints on seaport infrastructure investment.

Journal

International Journal of Critical InfrastructuresInderscience Publishers

Published: Jan 1, 2006

There are no references for this article.