Impact of Road Infrastructure Investments on the Structural Competitiveness of the Burkina Faso Economy

SIGUE, Moussa and SIRPE, Gnanderman (2019): Impact of Road Infrastructure Investments on the Structural Competitiveness of the Burkina Faso Economy.

Abstract

This article assesses the impact of road infrastructure investments on the structural competitiveness of Burkina Faso's economy. After retaining the period from 1980 to 2015, the estimate of the Model to Error Correction (ECM) revealed that investment in road infrastructure positively and significantly affects the structural competitiveness of the economy. However, this incidence varies over time. In fact, the elasticity of structural competitiveness compared to road investments is 0.06 in the short term and 0.32 in the long term. In view of these results, it appears that the implication of economic policy that emerges is that an increase in investment in road infrastructure is a policy of gaining structural competitiveness of the country's economy.

• Item Type: MPRA Paper
• Language: English
• Keywords: Structural competitiveness; Investment in public infrastructure; Burkina Faso
• Subjects: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies; H - Public Economics > H5 - National Government Expenditures and Related Policies > H54 - Infrastructures ; Other Public Investment and Capital Stock; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R42 - Government and Private Investment Analysis ; Road Maintenance ; Transportation Planning

References

Abraham, C. (1961). L'étude économique des investissements routiers. Révue économique.

Aschauer, D. A. (1989a). Is public expenditure productive? Journal of monetary Economics, 23, pp 177-200.

Aschauer, D. A. (1989b). Public Investment and Productivity Growth in the Group of Seven. Economic Perspectives, pp 17-25.

Banque Mondiale. (2009). Rapport sur le développement dans le monde. Banque mondiale.

Banque Mondiale. (2015). Rapport sur la compétitivité en Afrique. Banque mondiale.

Barro, R. J. (1990). Gouvernment spending in a simple model of endogenous growth. Journal of Political Economy, pp 125-130.

Barro, R. J., et Sala-I-Martin, X. (1996). la croissance économique. Collection sciences économiques, MCGRAW-HILL/EDISCIENCE.

Bceao. (2015). Rapport sur la compétitivité des économies de l'UEMOA en 2012. BCEAO.

Bceao. (2016, 07 18). Base de données. Récupéré sur Banque Centrale des Etats de l'Afrique de l'Ouest - www.bceao.int : http://www.bceao.int

Bourbonnais, R. (2011). Econométrie. DUNOD.

Charmeil, C. (1967). Les investissements routiers à operer d'ici vingt-cinq ans et leur incidence prévisible sur le volume de l'activité économique. Revue économique, 1-12.

Christel, A., et AFUA, E. (2010). Coûts du transport et de la logistique sur le corridor Tema-Ouagadougou. Agence Américaine pour le Developpment International (USAID).

Creightney, C. P. (1993). Transport and Economic Performance: A Survey of Developing Countries. World Banque.

Dickey, D., and Fuller, W. (1981). Likelihood ratio statistics for autoregressive time series with unit root. Econometrica, 49(4).

Djahini, E. (2015). The Main Determinants of International Competitiveness in Sub-Saharan Africa. Munich Personal RePEC Archive, 1-27.

Droin, J. C. (1991). Les routes dans les zones tropicales et désertiques. Ministère de la coopération et du désenclavement.

Granger, C. W. (1983). Co-integrated Variales and Error-correcting Models. Université de San Diego: Document de travail.

Hendry, D. F. (1980). Econometrics: Alchemy or Science? Economica.

Henner, H. F. (2000). Infrastructure et développement un bilan. CERDI, 1-15.

INGER, A. (2013, Novembre 12). Tout commence par la route. Récupéré sur www.banquemondiale.org: http://www.banquemondiale.org/fr/news/opinion/2013/11/12/It-all-starts-with-a-road.

Jarque, C. M., and Bera, A. K. (1984). Testing the Normality Assumption in Limited Dependant Variable Models. International Economic Review.

Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of economic dynamics and control, 12, pp 231-254.

Kopp, A. (2007). Incidence des investissements routiers sur la productivité macroéconomique-réevaluation du cas de l'Europe Occidentale. OCDE/CEMT de recherche sur les transports, pp 79-102.

Lachaal, L. (2001). La compétitivité : Concepts, définitions et applications. Institut National de la Recherche Agronomique de Tunis (INRAT), 29-36.

Limao, N., and Venables, A. Y. (1999). Infrastructure, Geographical Disadvantage and Transport Costs. The World Bank.

Meade, J. E. (1952). External Economies and Diseconomies in a Competitive Situation. Economic Journal.

MID et MT. (2011). Actualisation de la stratégie de developpement du secteur des transports au Burkina Faso. Ouagadougou: MIDT.

MIDT. (2015). Programme d'investissement public gestion 2015. Ministère des Infrastructures du Désenclavement et des Transports.

Nakamura, A., and Nakamura, M. (1981). On the Relationships Among Several Specification Error Tests Presented by Durbin, Wu and Hausman. Econometrica.

Nubukpo, K. K. (2003). Dépenses publiques et croissance des économies de l'UEMOA. CIRAD, 1-29.

Philips, P., and Perron, P. (1988). Testing for Unit root in Time Series Regression. Biometrika.

Ramsey, J. B. (1969). Test for Specification Errors in Classical Linear Least Squares Regression Analysis. Journal of the Royal Statistical Society, 350-371.

Reggiani, A. (1999). Accessibility, trade and locational behaviour. Ashgate.

Rousse, E. H. (1992). Les performances extérieures de la France et de l'Allemagne : l'effet de l'investissement sur la compétitivité. Economie et statistique.

Sirima, B., Monga, C., Bambara, D., Pare, N., Savadogo, K., N'Cho-Oguie, C., and Charleir, F. (2001). Competitiveness and Economic Growth: policies, strategies and actions. Ouagadougou: Ministry of Economy and Finance of Burkina Faso.

Sirpe, G. (1994). Le transport routier de marchandises au Burkina Faso: un essai d'analyse économique. Ouagadugou: CEDRES ETUDES.

Sirpe, G. (2003). Transport routier et ecoulement des produits agricoles: une analyse économique de l'influence des transports routiers sur les mouvements interrégionaux de céréales au Burkina Faso. Ouagadougou: Press Universitaires de Ouagadougou.

Smith, A. (1776). An Inquiry into the Nature and Cause of the Wealth of Nations. Oxford University Press. Tefra, M. (1996). Economie des transports. Université de Lille I: Ellipses.

Veganzones, M. A. (2000). Infrastructures, investissement et croissance: un bilan de dix années de recherches. CERDI, 1-43.

White, H. (1980). A Heteroskedasticity-consistent covariance estimateur and a direct test for heteroskedasticity. Econometrica.