Research on the Growth Effect of Transportation Infrastructure Investment from the Perspective of Factor Allocation
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Abstract
Based on the inter-provincial panel data from 2010 to 2018, the factor configuration is used as the starting point to explore the mechanism of transportation infrastructure investment on economic growth, and the samples are divided to discuss the heterogeneity between regions. The empirical results show that transportation infrastructure investment improves total productivity by optimizing the allocation efficiency of labor and capital factors. The sub-sample test shows that the inland areas have a large gap in the demand for talents and funds, and the marginal contribution of the growth effect of transportation infrastructure investment is significant; because the labor structure in coastal areas fails to meet the development needs of emerging industries, transportation infrastructure investment The labor intermediary path that promotes economic growth is not significant.
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