Transport infrastructure and economic growth: An econometric analysis using the autoregressive distributed lag model ARDL

Abstract

The economic literature has clearly proven that infrastructure development is an essential lever for productivity and sustained economic growth. This hypothesis has been tested in depth in the literature using different approaches and methods. This research aims to study the dynamics of the short- and long-term impacts of transport infrastructure on Morocco's economic growth over the period 1984-2019 from an investment perspective.

To accomplish this, we used the Auto-regressive distributed lags ARDL of (( Pesaran, Shin and Smith (2001)). Our results show that the positive effects of transport infrastructure on economic growth in Morocco occur in the short and long term.

Economic theory has revealed that the beneficial effects of transport infrastructure will be felt in monetary terms and in other terms such as travel time, environmental effects, safety and so on, which implies the need for Morocco to take this constant into account in order to strengthen its accessibility and internal mobility and thus promote its integration into the world economy.