Page 57 - Azerbaijan State University of Economics

Nijat Mahmudov: Effects Of Transportation Infrastructure On Economic Growth
In Azerbaijan: ARDl Bounds Testing Approach

Chen and Haynes (2015) examined the relationship between transportation
infrastructure and economic growth in China using the Autoregressive Distributed
Lag (ARDL) bounds testing approach.
They found that transportation infrastructure has a positive and significant impact on
economic growth in the long run. Their study suggests that investing in transportation
infrastructure could be an effective way to stimulate economic growth in China.
Gopinath and Litzow (2016) studied the relationship between transportation
infrastructure and economic growth in the United States. They found that
transportation infrastructure has a significant impact on economic growth, but the
relationship is more significant for rural areas than for urban areas. Their study
suggests that transportation infrastructure investment could benefit rural areas and
promote balanced regional development. Agyemang and Afrifa (2018) investigated
the impact of transportation infrastructure on economic growth in Ghana, using the
Vector Error Correction Model (VECM) approach. Their study found that
transportation infrastructure has a positive and significant impact on economic growth
in Ghana. Their findings suggest that infrastructure investment could promote
economic growth and development in Ghana. Zhang and Liu (2013) studied the
impact of transportation infrastructure on economic growth in China using a dynamic
panel data model. They found that transportation infrastructure investment had a
significant positive effect on economic growth in China, and that the effect was
stronger in less developed regions.

Niftiyev et al. (2016) studied the relationship between transportation infrastructure and
economic growth in Azerbaijan using the ARDL bounds testing approach. They found
that transportation infrastructure has a positive and significant impact on economic
growth in Azerbaijan. Their study suggests that investment in transportation infrastructure
could be an effective way to stimulate economic growth in the country. Akhundov et al.
(2017) examined the impact of transport infrastructure on the economic development of
Azerbaijan, focusing on the Baku-Tbilisi-Kars railway project. They found that the
project has the potential to enhance the country's economic growth and development by
improving regional connectivity and facilitating trade and investment opportunities. Their
study suggests that investing in large-scale transportation infrastructure projects could
promote economic growth and development in Azerbaijan. Aliyev et al. (2018)
investigated the relationship between transport infrastructure and economic growth in
Azerbaijan using the PVAR approach. They found that transport infrastructure has a
positive and significant impact on economic growth in the country. Their study suggests
that investment in transport infrastructure, particularly in the road and railway sectors,
could contribute to sustainable economic growth in Azerbaijan.

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