TY - JOUR
T1 - Driving Economic Growth through Transportation Infrastructure
T2 - An In-Depth Spatial Econometric Analysis
AU - Shi, Jianwei
AU - Bai, Tongyuan
AU - Zhao, Zhihong
AU - Tan, Huachun
N1 - Publisher Copyright:
© 2024 by the authors.
PY - 2024/5
Y1 - 2024/5
N2 - This research investigates the crucial role of transportation infrastructure in influencing economic activity, thus employing advanced econometric methods including Moran’s I index, LM, Hausman, and LR tests to ensure analytical accuracy and select the appropriate spatial model. Our findings reveal that freight volumes across road, waterway, and civil aviation significantly enhance economic activity by bolstering domestic trade, industrial production, and supply chains. Conversely, the impact of passenger turnover is comparatively minor, although it still contributes to labor mobility and urban accessibility. This study highlights the need for strategic investment in transportation infrastructure and efficient public transport systems to foster economic growth and sustainable development. We recommend that policymakers focus on optimizing transportation networks and integrating intelligent transport technologies to boost economic competitiveness and societal well-being. This analysis not only sheds light on the direct economic impacts of transportation but also underscores the broader social implications, thus advocating for a holistic approach to transportation planning and policymaking.
AB - This research investigates the crucial role of transportation infrastructure in influencing economic activity, thus employing advanced econometric methods including Moran’s I index, LM, Hausman, and LR tests to ensure analytical accuracy and select the appropriate spatial model. Our findings reveal that freight volumes across road, waterway, and civil aviation significantly enhance economic activity by bolstering domestic trade, industrial production, and supply chains. Conversely, the impact of passenger turnover is comparatively minor, although it still contributes to labor mobility and urban accessibility. This study highlights the need for strategic investment in transportation infrastructure and efficient public transport systems to foster economic growth and sustainable development. We recommend that policymakers focus on optimizing transportation networks and integrating intelligent transport technologies to boost economic competitiveness and societal well-being. This analysis not only sheds light on the direct economic impacts of transportation but also underscores the broader social implications, thus advocating for a holistic approach to transportation planning and policymaking.
KW - econometrics
KW - economic development
KW - preprocessing methods
KW - statistical testings
KW - transportation infrastructure
UR - http://www.scopus.com/inward/record.url?scp=85194290151&partnerID=8YFLogxK
U2 - 10.3390/su16104283
DO - 10.3390/su16104283
M3 - Article
AN - SCOPUS:85194290151
SN - 2071-1050
VL - 16
JO - Sustainability (Switzerland)
JF - Sustainability (Switzerland)
IS - 10
M1 - 4283
ER -