Date of Award
2011-01-01
Degree Name
Master of Science
Department
Economics
Advisor(s)
Thomas M. Fullerton, Jr.
Abstract
This research focuses on the impact from public capital stock on economic growth in El Paso, Texas. A time series analysis is used to gauge the dynamic relationship between public infrastructure and the productivity of this city's economy. An Error Correction model and a Vector Error Correction model are utilized to discover short-run and long-run impacts from public capital stock on the growth of this particular economy. The Vector Autoregressive model is used to determine causality amongst the variables and to determine the structure of this economy. This research finds that public infrastructure growth actually follows economic growth and private infrastructure growth. Two of the public capital stock components, highways and water and sewer mains, do have an impact on Gross Metropolitan Product. Neither the aggregate public capital stock nor any of its components cause changes in private capital stock growth. It is more apparent that private capital stock has an impact on economic growth in El Paso, rather than public capital stock.
Language
en
Provenance
Received from ProQuest
Copyright Date
2011
File Size
86 pages
File Format
application/pdf
Rights Holder
Azucena Gonzalez Monzon
Recommended Citation
Gonzalez Monzon, Azucena, "Public Investment and Economic Growth in El Paso" (2011). Open Access Theses & Dissertations. 2295.
https://scholarworks.utep.edu/open_etd/2295
Included in
Economics Commons, Transportation Commons, Urban, Community and Regional Planning Commons, Urban Studies and Planning Commons