Transport Infrastructure Investment and Sustainable Economic Growth in Côte d’Ivoire: A Cointegration and Causality Analysis

Yaya KEHO, Aka Désiré ECHUI

Abstract


This study examines the temporal relationship between transport infrastructure investment and output in Côte d’Ivoire over the period 1970-2002. Using cointegration and causality tests within a multivariate framework, it is found that the public investment in transport infrastructure, private investment and economic output are cointegrated. The results of the Granger causality tests reveal that public investment in transport does not have a causal impact on economic growth; conversely economic growth has a causal impact on transport investment.

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Journal of Sustainable Development   ISSN 1913-9063 (Print)   ISSN 1913-9071 (Online)

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