THE IMPACT OF ROAD, RAIL AND PORT INFRASTRUCTURE ON THE ANGOLAN EXPORT GROWTH: AN AUTO-REGRESSIVE DISTRIBUTED LAG ANALYSIS
Abstract
This study seeks to analyze the impact of investment in road, rail, and port infrastructure on Angola’s exports growth, using imports and GDP per capita as control variables. This study uses annual data for the period 2000-2020. The Auto-Regressive Distributed Lag is applied to determine the existence of short-run and long-run correlation between the variables. The results of the model suggest that there is a short-run and a long-run relationship between transport infrastructure investment, imports, exports, and economic growth. The coefficient of the variables in the short run and in long run is statistically significant at 5% of significance, which means that all variables impact the growth of exports significantly.
JEL: R40; R41; F10; F15
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DOI: http://dx.doi.org/10.46827/ejefr.v7i1.1429
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