Transportation as a Factor in Economic Growth

Author:

Healey Kent T.

Abstract

To discuss the influence of one type of economic activity such as transportation on economic growth is a hazardous undertaking. There is the obvious temptation, which has led many astray, to magnify the importance of that which is particularized. Such a characterization as “Transportation a Measure of Civilization” or the assertion that the railway “is a revolution among nations … [a] moral revolution … affecting the diffusion of knowledge, the interchange of social relations, the perpetuation of peace, the extension of commerce; and a revolution in all the relations of property,” is hardly impartial or balanced with respect to the whole picture of economic activity. A prime objective of this paper is to avoid the dominant parochial note in appraisals of transportation's contributions to economic growth and to present instead thoroughly critical analysis.

Publisher

Cambridge University Press (CUP)

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History

Reference16 articles.

1. ”Railroads as an Economic Force,”;The Journal of Economic History,1944

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