Aggregate and Regional Economic Effects of New Railway Infrastructure
AbstractEconomists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favorable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but econom(etr)ic evaluation models are scarce, especially in regional science. This paper pro- poses new approaches to evaluate infrastructure by a dynamic spatial econometric model that allows long-term predictions. We investigate the regional effects for 2 Austrian rail- way projects and show that infrastructure returns are positive on an aggregate and at a regional level, and spatial variation can be large
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Bibliographic InfoArticle provided by Rimini Centre for Economic Analysis in its journal Review of Economic Analysis.
Volume (Year): 2 (2010)
Issue (Month): 1 (January)
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Regional growth convergence; traffic accessibility; infrastructure evaluation; spatial econometrics;
Other versions of this item:
- Wolfgang Polasek & Wolfgang Schwarzbauer & Richard Sellner, 2009. "Aggregate and Regional Economic Effects of New Railway Infrastructure," Working Paper Series 09_09, The Rimini Centre for Economic Analysis, revised Jan 2009.
- Polasek, Wolfgang & Schwarzbauer, Wolfgang & Sellner, Richard, 2009. "Aggregate and Regional Economic Effects of New Railway Infrastructure," Economics Series 242, Institute for Advanced Studies.
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lin, Chien-Fu Jeff & Terasvirta, Timo, 1994. "Testing the constancy of regression parameters against continuous structural change," Journal of Econometrics, Elsevier, vol. 62(2), pages 211-228, June.
- Antonio Estache, 2010. "A survey of impact evaluations of infrastructure projects, programs and policies," Working Papers ECARES 2010_005, ULB -- Universite Libre de Bruxelles.
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