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 in the country but has done so in many of the largest states thereby contributing to regional asymmetries in the country.
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Bibliographic InfoPaper provided by Department of Economics, College of William and Mary in its series Working Papers with number 107.
Length: 8 pages
Date of creation: 23 Jan 2011
Date of revision:
Other versions of this item:
- Alfredo Pereira & Jorge Andraz, 2012. "On the effects of highway investment on the regional concentration of economic activity in the USA," Portuguese Economic Journal, Springer, vol. 11(3), pages 165-170, December.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-05 (All new papers)
- NEP-GEO-2011-02-05 (Economic Geography)
- NEP-HME-2011-02-05 (Heterodox Microeconomics)
- NEP-URE-2011-02-05 (Urban & Real Estate Economics)
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.:
- Evans, Paul & Karras, Georgios, 1994. "Are Government Activities Productive? Evidence from a Panel of U.S. States," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 1-11, February.
- Alfredo Pereira & Jorge Andraz, 2004. "Public highway spending and state spillovers in the USA," Applied Economics Letters, Taylor & Francis Journals, vol. 11(12), pages 785-788.
- Alfredo M. Pereira, 2000. "Is All Public Capital Created Equal?," The Review of Economics and Statistics, MIT Press, vol. 82(3), pages 513-518, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Daifeng He) or (Alfredo Pereira).
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