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Transport Infrastructures And Regional Growth: Evidence Of The Spanish Case

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  • Mercedes Gumbau Albert

    ()
    (Universitat de València)

  • Joaquín Maudos Villarroya

    (Instituto Valenciano de Investigaciones Económicas)

  • Pedro Cantos

    (Universitat de València)

Abstract

This paper analyses the impact of transport infrastructures on the economic growth of both regions and sectors, distinguishing among modes of transport. It also attempts to capture the spillover effects or network effects associated with transport infrastructures. Two different methodologies are used: the first adopts an accounting approach on the basis of a regression on total factor productivity (TFP) indices, the second uses econometric estimates of the production function. Our study obtains very similar elasticities with both methodologies for the private sector of the economy, both for the aggregate capital stock of transport infrastructures and for the various types of infrastructure. Important network effects of these infrastructures on the private sector have also been observed. However, the disaggregated results for sectors of production are not conclusive. Este trabajo analiza el impacto de las infraestructuras de transporte sobre elcrecimiento económico, tanto regional como sectorial, distinguiendo el análisis pormodo de transporte. Asimismo, se intentan captar los efectos spillover o efectos redasociados a las infraestructuras de transporte. Para ello, se emplean dos metodologíasdiferentes. La primera utiliza una aproximación contable a partir de una regresión sobrelos índices de productividad total de los factores (TFP). La segunda metodología utilizaestimaciones econométricas de la función de producción. Nuestro trabajo obtiene paraambas metodologías elasticidades muy similares para el sector privado de la economía,tanto para el stock de capital agregado de infraestructuras de transporte como para losdiversos tipos de infraestructuras. También se han constatado importantes efectos red deestas infraestructuras sobre el sector privado. Sin embargo, los resultados desagregadospor sectores productivos no son concluyentes.

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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2002-27.

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Length: 25 pages
Date of creation: Oct 2002
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2002-27

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Keywords: Infraestructuras de transporte; productividad; regiones; sectores. Transport infrastructures; productivity; regions; sectors.;

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References

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  1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, vol. 23(2), pages 177-200, March.
  2. Alicia H. Munnell, 1990. "How does public infrastructure affect regional economic performance?," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 34, pages 69-112.
  3. David Aschauer, 1988. "Does public capital crowd out private capital?," Staff Memoranda 88-10, Federal Reserve Bank of Chicago.
  4. Rephann, Terance & Isserman, Andrew, 1994. "New highways as economic development tools: An evaluation using quasi-experimental matching methods," Regional Science and Urban Economics, Elsevier, vol. 24(6), pages 723-751, December.
  5. Nadiri, M Ishaq & Mamuneas, Theofanis P, 1994. "The Effects of Public Infrastructure and R&D Capital on the Cost Structure and Performance of U.S. Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 22-37, February.
  6. Chandra, Amitabh & Thompson, Eric, 2000. "Does public infrastructure affect economic activity?: Evidence from the rural interstate highway system," Regional Science and Urban Economics, Elsevier, vol. 30(4), pages 457-490, July.
  7. Evans, Paul & Karras, Georgios, 1994. "Is government capital productive? Evidence from a panel of seven countries," Journal of Macroeconomics, Elsevier, vol. 16(2), pages 271-279.
  8. Duffy-Deno, Kevin T. & Eberts, Randall W., 1991. "Public infrastructure and regional economic development: A simultaneous equations approach," Journal of Urban Economics, Elsevier, vol. 30(3), pages 329-343, November.
  9. Rosina Moreno Serrano & Enrique Lopez Bazo & Manuel Artis Ortuno, 2001. "Public infrrastructure and the performance of manufacturing industries: Short-and long-run," Working Papers in Economics 69, Universitat de Barcelona. Espai de Recerca en Economia.
  10. Holtz-Eakin, Douglas, 1993. "State-specific estimates of state and local government capital," Regional Science and Urban Economics, Elsevier, vol. 23(2), pages 185-209, April.
  11. Holtz-Eakin, Douglas, 1994. "Public-Sector Capital and the Productivity Puzzle," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 12-21, February.
  12. Rosina Moreno Serrano & Manuel Artis Ortuno & Enrique Lopez Bazo & Jordi Surinach Caralt, 1997. "Evidence on the complex link between infrastructure and regional growth," Working Papers in Economics 19, Universitat de Barcelona. Espai de Recerca en Economia.
  13. Douglas Holtz-Eakin & Amy Ellen Schwartz, 1995. "Spatial Productivity Spillovers from Public Infrastructure: Evidence from State Highways," NBER Working Papers 5004, National Bureau of Economic Research, Inc.
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Cited by:
  1. Bernard Fingleton & Miguel Gómez-Antonio, 2009. "Analysing the impact of public capital stock using the NEG wage equation: a panel data approach," Working Papers 0912, University of Strathclyde Business School, Department of Economics.
  2. Antonio Alvarez & Carlos Arias & Luis Orea, 2006. "Econometric testing of spatial productivity spillovers from public capital," Hacienda Pública Española, IEF, vol. 178(3), pages 9-21, September.
  3. Pedro R.D. Bom & Jenny E. Ligthart, 2009. "How Productive is Public Capital? A Meta-Regression Analysis," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0912, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  4. Inmaculada Álvarez Ayuso & Mª Jesús Delgado Rodríguez, 2004. "Infraestructuras de Transportes: Medición y Análisis de los Efectos Desbordamiento para los Sectores Productivos Españoles," Documentos de Trabajo del ICAE 0407, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
  5. Alfredo M. Pereira & Oriol Roca Sagales, 2006. "Public Infrastructures and Regional Asymmetries in Spain," Working Papers 46, Department of Economics, College of William and Mary, revised 30 Mar 2007.

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