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Document Type

Article

Abstract

Time-series analysis using monthly data from January 2000 to December 2015 is used to investigate the relationship between transportation and real GDP, controlling for the price of diesel, the amount of money invested in infrastructure, the inflation rate, and the real effective exchange rate. Transportation is proxied with the freight Transportation Services Index. Using Granger-causality, I find that changes in transportation Granger cause changes in real GDP, but not vice versa. It is a one-directional relationship where past values of transportation lead changes in real GDP.

Publication Date

Spring 2017

Journal Title

Major Themes in Economics

Volume

19

Issue

1

First Page

17

Last Page

37

Copyright

©2017 by Major Themes in Economics

Language

en

File Format

application/pdf

Included in

Economics Commons

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