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Transport infrastructure and economic performance: An evaluation of the Milan-Bologna high-speed rail corridor

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  • Di Matteo, Dante
  • Mariotti, Ilaria
  • Rossi, Federica

Abstract

This paper evaluates the impact of high-speed rail on the economic performance of the Milan-Bologna corridor in Northern Italy in terms of gross value added, distinguishing between services and manufacturing. The evidence-based impact assessment is carried out through propensity score matching difference-in-differences, event study, and synthetic control methods using NUTS 3 provincial panel data 2000–2018. The results suggest overall positive effects for the NUTS 3 provinces directly exposed to the programme. Still, sectoral heterogeneities arise depending on the specialization of the place hosting a high-speed railway stop. Moreover, different magnitudes occur depending on whether or not a high-speed station is located in a central place.

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  • Di Matteo, Dante & Mariotti, Ilaria & Rossi, Federica, 2023. "Transport infrastructure and economic performance: An evaluation of the Milan-Bologna high-speed rail corridor," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).
    • Handle: RePEc:eee:soceps:v:85:y:2023:i:c:s0038012122000891
    DOI: 10.1016/j.seps.2022.101304
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    1. Di Matteo, Dante & Cardinale, Bernardo, 2023. "Impact of high-speed rail on income inequalities in Italy," Journal of Transport Geography, Elsevier, vol. 111(C).

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    More about this item

    Keywords

    High-speed rail; Gross value added; Transport infrastructure impact assessment; Evidence-based evaluation;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

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