scholarly journals Impact of Regional Air connectivity on Regional Economic Growth in India

2021 ◽  
pp. 1-17
Author(s):  
Brajesh Mishra
Keyword(s):  
Economic Growth ◽  
Decomposition Analysis ◽  
Panel Cointegration ◽  
Air Transport ◽  
Regional Economic Growth ◽  
Transport Sector ◽  
Regional Economic ◽  
Surface Transport ◽  
Federal States ◽  
Variance Decomposition Analysis

In this study, we have used the panel data of 15 federal states to evaluate the empirical linkages between regional economic growth, air transport traffic, and surface transport indicators. There is a dearth of academic articles focusing on inter-dependence between these factors in the context of India. Pedroni panel cointegration, FMOLS, panel VECM causality techniques, and variance decomposition analysis have been used to evaluate dynamics between the three variables. The evaluation of linkages between the regional air connectivity and the regional economic growth holds practical implications since it forms the basis of various policy and regulatory measures instituted in the Indian air transport sector. The bidirectional relationship between air transport and surface transport indicators calls for making multi-modal studies by experts as guiding force behind planning processes instead of relying purely on bureaucratic consultation.

scholarly journals Regional Business Confidence as Early Indicator of Regional Economic Growth

2021 ◽  
Vol 19 (1) ◽  
pp. 27-48
Author(s):  
Ewert Kleynhans ◽  
Clive Coetzee
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Cross Sections ◽  
National Level ◽  
Panel Cointegration ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Early Indicator ◽  
Kwazulu Natal ◽  
Business Confidence

Official sub-national GDP figures in South Africa are usually published with long delays or not at all, i.e. relevant, reliable, and real-time economic data on a provincial and local (municipal) level are often non-existent, causing a significant data asymmetry at the sub-national level. The search for an ‘optimal’ sub-national proxy for regional economic growth focuses on the possible use of regional business confidence. This article, therefore, investigates the use of regional business confidence indices (RBCI) as an early indicator or proxy of the regional economic growth rate (RGDP). To this end, the study employed panel cointegration methodology and techniques to interrogate the possible association between regional business confidence and regional economic growth, focusing on three specific regions of KwaZulu-Natal, South Africa. The results suggest that the utilisation of regional business confidence indicators indeed has merit. Constraints experienced in the study indicate the direction that further studies may follow, especially concerning the scope of the period and cross-sections. The research, therefore, addresses a fundamental gap in the data asymmetry in South Africa, while also setting a benchmark for other researchers to follow.

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