On the effects of highway investment on the regional concentration of economic activity in the USA
AbstractThe empirical results in this note are based on state-level VAR estimates using private output, employment, and investment, as well as different measures of highway investment to capture, for each state, both the direct effects of highway investment in the state itself and spillover effects of highway investment in other states. Empirical results suggest that the largest states tend to also be the biggest beneficiaries of highway investments which means that highway investment has not only contributed to regional concentration of economic activity but has done so in many of the largest states thereby contributing to regional asymmetries in the country. Copyright Springer-Verlag 2012
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Bibliographic InfoArticle provided by Springer in its journal Portuguese Economic Journal.
Volume (Year): 11 (2012)
Issue (Month): 3 (December)
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Web page: http://link.springer.de/link/service/journals/10258/index.htm
Other versions of this item:
- Alfredo Marvão Pereira & Jorge M. Andraz, 2011. "On the effects of highway investment on the regional concentration of economic activity in the USA," Working Papers 107, Department of Economics, College of William and Mary.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
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