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doc. Ing. Miroslava Rajčániová, PhD.
Identification number: 1489
University e-mail: miroslava.rajcaniova [at]
associate professor CSc./PhD. - Department of Economic Policy (FEM)

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Basic information

Basic information about a final thesis

Type of thesis: Dissertation thesis
Thesis title:The Effects of Infrastructure Networks on Economic Growth
Written by (author): Gohar Badalyan, PhD., MS
Department: Department of Economic Policy (FEM)
Thesis supervisor: doc. Ing. Miroslava Rajčániová, PhD.
Opponent 1:prof. Ing. Ľubica Bartová, CSc.
Opponent 2:doc. Ing. Viera Papcunová, PhD.
Opponent 3:Dr.h.c. prof. Ing. Ladislav Kabát, CSc.
Final thesis progress:Final thesis was successfully defended.

Additional information

Additional information about the final thesis follows. Click on the language link to display the information in the desired language.

Language of final thesis:English

Slovak        English

Title of the thesis:The Effects of Infrastructure Networks on Economic Growth
Summary:Infrastructure is the precondition for the development of any economy. Transport, telecommunications, energy, water etc. have become part of human existence. It is difficult to imagine a modern world without these facilities. These are vital to the household life as well as to the economic activity. Infrastructure plays a crucial role in promoting economic growth and thereby contributes to the reduction of economic disparity, poverty and deprivations in a country. Infrastructure investment is an important driving force to achieve rapid and sustained economic growth. Transport infrastructure is the basic infrastructure to national economy. The utilization of natural resources and the development of regional economy are heavily relying on it. The investment of public capital to transport infrastructure is one specific way that government contributes to total economic output and promote economic growth. Therefore, transport infrastructure in particular, is vital to the prosperity of regions. Developments in infrastructural sector are essential for enhancing efficacy of the productive process and for raising productivity. Studies have shown that productivity increase in agriculture depends on good rural infrastructure, well-functioning domestic markets, appropriate institutions, and access to appropriate technology. Provision of efficient infrastructure is now widely recognized as crucial to agricultural progress as it is a known fact that infrastructure can support economic growth, reduce poverty and make development environmentally sustainable. In any modern society, infrastructure plays a pivotal, and often a decisive, role in determining the overall productivity and development of a country economy as well as the quality of life of its population. Investments in rural infrastructure are required to support the anticipated growth in agricultural production. The aim of our study was to find the relationship among economic growth, transport infrastructure and investment in transport infrastructure with private participation, economic output, infrastructure index and institutions, as well as agricultural production, infrastructure index and institutions. To realize our objectives we tested ten hypotheses. We have applied three different models, which are growth model, translog production function and Cobb-Douglas production function. We have studied 31 transition countries and covered the period 1990-2013. We have employed dynamic panel data approach in order to estimate the models. We have found that all studied variables are stationary and integrated of order one. There is a panel long-run equilibrium relationship among variables. We also found that infrastructure index and institutions have positive impact on economic output, as well as on agricultural production. The existence of bidirectional and unidirectional causal relationship was detected among studied variables.
Key words:economic output, infrastructure, Economic growth, dynamic panel model, agricultural production, investment, institutions, transportation

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