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On the Relationship Between the Transportation Industry and Economic Growth
ZHAO Jian, YANG Yi
2003, 3(2):
65-71 .
This paper tries to explain the relationship between the transportation industry and economic growth. In fact this research is a part of the issue related with division of labor in economics, and is a fundamental problem of economics. There is no deep research in the interaction mechanism between division of labor among industries and market scale until now, in the mechanism of how institutional arrangement push the development of transportation industry, and in further problem about increasing return. In tradition economics, there is no theoretical frame for analyzing the internal mechanisms among economic growth, transportation infrastructure, and institutional arrangement. This paper based on the facts of American economic growth in the 19 century, which are the institutional arrangement induce the development of transportation industry, then which industry induce economic growth, and economic growth further benefit the development of the transportation industry, to probe the above theoretical problems.
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