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Transport infrastructures and regional growth: evidence of the Spanish case

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  • Cantos, Pedro
  • Gumbau-Albert, Mercedes
  • Maudos, Joaquin

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.

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File URL: http://mpra.ub.uni-muenchen.de/15261/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15261.

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Date of creation: 2005
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Publication status: Published in Transport Reviews 1.25(2005): pp. 25-50
Handle: RePEc:pra:mprapa:15261

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Keywords: Transport infrastructures; productivity; regions; sectors;

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References

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  1. Kevin T. Duffy-Deno & Randall W. Eberts, 1989. "Public infrastructure and regional economic development: a simultaneous equations approach," Working Paper, Federal Reserve Bank of Cleveland 8909, Federal Reserve Bank of Cleveland.
  2. Douglas Holtz-Eakin & Amy Schwartz, 1995. "Spatial productivity spillovers from public infrastructure: Evidence from state highways," International Tax and Public Finance, Springer, Springer, vol. 2(3), pages 459-468, October.
  3. Nadiri, M. Ishaq & Mamuneas, Theofanis P., 1991. "The Effects of Public Infrastructure and R&D Capital on the Cost Structure and Performance of U.S. Manufacturing Industries," Working Papers, C.V. Starr Center for Applied Economics, New York University 91-57, C.V. Starr Center for Applied Economics, New York University.
  4. Chandra, Amitabh & Thompson, Eric, 2000. "Does public infrastructure affect economic activity?: Evidence from the rural interstate highway system," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 30(4), pages 457-490, July.
  5. 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, Universitat de Barcelona. Espai de Recerca en Economia 19, Universitat de Barcelona. Espai de Recerca en Economia.
  6. 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.
  7. Holtz-Eakin, Douglas, 1993. "State-specific estimates of state and local government capital," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 23(2), pages 185-209, April.
  8. Evans, Paul & Karras, Georgios, 1994. "Is government capital productive? Evidence from a panel of seven countries," Journal of Macroeconomics, Elsevier, Elsevier, vol. 16(2), pages 271-279.
  9. Alicia H. Munnell & Leah M. Cook, 1990. "How does public infrastructure affect regional economic performance?," New England Economic Review, Federal Reserve Bank of Boston, Federal Reserve Bank of Boston, issue Sep, pages 11-33.
  10. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 24(2), pages 171-188, September.
  11. 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, Universitat de Barcelona. Espai de Recerca en Economia 69, Universitat de Barcelona. Espai de Recerca en Economia.
  12. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, Elsevier, vol. 23(2), pages 177-200, March.
  13. Rephann, Terance & Isserman, Andrew, 1994. "New highways as economic development tools: An evaluation using quasi-experimental matching methods," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 24(6), pages 723-751, December.
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Citations

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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," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 33241, London School of Economics and Political Science, LSE Library.
  2. Alfredo MARVÃO PEREIRA & Oriol ROCA-SAGALES, 2007. "Public infrastructure and regional asymmetries in Spain," Revue d'économie régionale et urbaine, Armand Colin, Armand Colin, vol. 0(3), pages 503-519.
  3. Antonio Alvarez & Carlos Arias & Luis Orea, 2006. "Econometric testing of spatial productivity spillovers from public capital," Hacienda Pública Española, IEF, IEF, vol. 178(3), pages 9-21, September.
  4. Gómez-Antonioa, Miguel & Fingleton, Bernard, 2009. "Analysing the impact of public capital stock using the NEG wage equation: a panel data approach," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) 2009-29, Scottish Institute for Research in Economics (SIRE).
  5. 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, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico 0407, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
  6. 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, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University paper0912, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.

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