Seaport infrastructure investment and economic growth in Korea

Seung Hoon Yoo

doi:10.1016/j.jconrel.2006.01.021

Seaport infrastructure investment and economic growth in Korea

Seung Hoon Yoo

Dept. of Future Energy Convergence

Research output: Contribution to journal › Review article › peer-review

16 Scopus citations

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.

Original language	English
Pages (from-to)	1-9
Number of pages	9
Journal	International Journal of Critical Infrastructures
Volume	2
Issue number	1
DOIs	https://doi.org/10.1016/j.jconrel.2006.01.021
State	Published - 2006

Keywords

Causality
Economic growth
Seaport infrastructure investment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.jconrel.2006.01.021

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title = "Seaport infrastructure investment and economic growth in Korea",

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.",

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N2 - 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.

AB - 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.

KW - Causality

KW - Economic growth

KW - Seaport infrastructure investment

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DO - 10.1016/j.jconrel.2006.01.021

M3 - Review article

AN - SCOPUS:32144446836

SN - 1475-3219

VL - 2

SP - 1

EP - 9

JO - International Journal of Critical Infrastructures

JF - International Journal of Critical Infrastructures

IS - 1

ER -

Seaport infrastructure investment and economic growth in Korea

Abstract

Keywords

UN SDGs

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