Identification of the Impact of Transport Performance on the Economy of Particular Area

Abstract

Transport is one of the most important economic sectors in the world. It is a fundamental and important element of a country's GDP. Gross Domestic Product (GDP) is considered one of the most important indicators of economic performance of a country. GDP can be compiled for both a country and a region. Changes in technology and economic structure of the production system of an area are the central issues of long-term economic growth according to the increase in the gross value added of a region. In this paper, the authors focus on finding out how the development of road freight transport performance affects the economy of a region. At the same time, they try to answer the question to what extent transport regulation can influence the economic development of an area. The research is mainly focused on EU policies aimed at regulating road freight transport.