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《Journal of Railway Science and Engineering》 2010-01
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Relationship between China's railway construction and economic growth

FENG Fen-ling1,ZHU Lei1,GUO Yu-hua1,2,YUAN Ren1(1.School of Traffic and Transportation Engineering,Central South University,Changsha 410075,China;2.Ministry of Railways,Beijing 100844,China)  
A sample of empirical data on China's railway construction in 1953—2007 and economic growth was analyzed.Through the unit root test,cointegration test,the Granger causality test and other important steps,the results are shown as follows: Railway construction has a positive role in promoting China's economic growth,and indirectly raises the level of industrialization.But economic growth is not the directly caused by railway construction,the reason is that China's economic construction promote the highway and aviation infrastructure development vigorously and for promoting the construction of railways inadequate in recent years.The railway is an important part of the infrastructure,its development is related to whether China's economic construction can be maitained.So our country needs to increase the basis of infrastructure investment in railway construction in order to adapt to the needs of economic growth.
【Fund】: 铁道部科技研究开发计划项目(2008X020-B);; 湖南省科技厅项目(2009JT3019)
【CateGory Index】: F532;F124
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