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An Input-Output Analysis of Macroeconomic Effects of Infrastructure Investment: The Case of Attiki Odos Motorway in Greece

Author

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  • Athena Belegri-Roboli
  • Maria Markaki
  • Panayotis G. Michaelides

Abstract

This paper estimates ex-post the macroeconomic impacts of the high-speed toll motorway investment of Attiki Odos, in the Athens Metropolitan Area in Greece. Attiki Odos is incorporated in the Trans-European Networks and it is a priority project aimed at developing the greater area of Athens and the Greek economy as a whole. The investment vector was assembled from figures calculated ex-post. The input-output model was used to estimate relative changes in output, employment and occupations by sector of economic activity. We show that the construction of the Attiki Odos grid has significantly affected the broader area.

Suggested Citation

  • Athena Belegri-Roboli & Maria Markaki & Panayotis G. Michaelides, 2010. "An Input-Output Analysis of Macroeconomic Effects of Infrastructure Investment: The Case of Attiki Odos Motorway in Greece," Bulletin of Political Economy, Bulletin of Political Economy, vol. 4(1), pages 59-77, June.
    • Handle: RePEc:awu:journl:v:4:y:2010:i:1:p:59-77
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