The impact of transport infrastructure investments on gross regional output

Date of Publication

2009

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Applied Economics

College

Ramon V. Del Rosario College of Business

Department/Unit

Economics

Honor/Award

Awarded as best thesis, 2009

Defense Panel Chair

Cristela Goce Dakila

Defense Panel Member

Tereso S. Tullao, Jr.
Mitzie Irene Ponce Conchada

Abstract/Summary

Recent literature has emphasized on the effects of transport infrastructure investments in economic performance of developed countries. Using regional data of the Philippines from 1995 to 2005, we investigate the extent to which road transport infrastructure in the country affect gross regional output across time and space. Employing the basic Cobb-Douglas production function through OLS and Panel data regressions, we estimate the elasticity of gross regional output with respect to transport infrastructure investments and other inputs to production, specifically labor, physical capital and R&D investments. Moreover, we also estimate the same while accounting for the lag effect of variables, indicating whether investments are more useful in the current period or the next. The relevance of this study lies on the policy checks and awareness of the government as to whether adequate infrastructure has been provided to help boost economic production.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU16055

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

81 leaves 29 cm.

Keywords

Transportation engineering; Investments; Infrastructure (Economics)

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