Highway Infrastructure Investment And County Employment Growth: A Dynamic Panel Regression Analysis
AbstractThis paper uses recent advances in dynamic panel econometrics to examine the impact of highway infrastructure on aggregate county-level employment using data for all 100 North Carolina counties from 1985 through 1997. Results are compared to models that do not take endogeneity of highway investment and dynamics of employment adjustment into account. Fully specified dynamic models are found to give insignificant results compared to these other models. Thus, when these issues are properly modeled, the results show that improvements in highways have no discernible impact on employment. Copyright (c) 2008, Wiley Periodicals, Inc.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Regional Science.
Volume (Year): 49 (2009)
Issue (Month): 2 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-4146
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- Bottasso, Anna & Conti, Maurizio & Ferrari, Claudio & Merk, Olaf & Tei, Alessio, 2013. "The impact of port throughput on local employment: Evidence from a panel of European regions," Transport Policy, Elsevier, vol. 27(C), pages 32-38.
- Dan Zheng, 2011. "The Dynamics of Economic Policy and Regional Specialization: Evidence from ChinaÂ¡Â¯s High-tech Industry," ERSA conference papers ersa11p1086, European Regional Science Association.
- Miquel- Àngel Garcia-López & Adelheid Holl & Elisabet Viladecans-Marsal, 2013. "Suburbanization and highways: when the romans, the bourbons and the first cars still shape Spanish cities," Working Papers 2013/5, Institut d'Economia de Barcelona (IEB).
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