Output effects of infrastructure investment in the Netherlands, 1853-1913

JE Sturm*, J Jacobs, P Groote

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

42 Citations (Scopus)

Abstract

Using a new data set that allows for a distinction between transport and other categories of infrastructure investment, this paper finds strong evidence of a positive impact of transport infrastructure investment on Dutch GDP in the second half of the nineteenth century. However, as the time-series characteristics do not allow us to find permanent effects, these are short- and medium-run effects. We employ Granger-causality tests in a Vector AutoRegression (VAR) framework. Furthermore, the VAR models are analyzed using innovation accounting.

Original languageEnglish
Pages (from-to)355-380
Number of pages26
JournalJournal of Macroeconomics
Volume21
Issue number2
Publication statusPublished - 1999

Keywords

  • MONEY-INCOME CAUSALITY
  • TIME-SERIES
  • UNIT-ROOT
  • PUBLIC-EXPENDITURE
  • GROWTH
  • PANEL

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