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On the effects of highway investment on the regional concentration of economic activity in the USA

Author

Listed:
  • Alfredo Marvão Pereira

    (Department of Economics, The College of William and Mary)

  • Jorge M. Andraz

    (Faculdade de Economia, Universidade do Algarve)

Abstract

The 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.

Suggested Citation

  • Alfredo Marvão Pereira & Jorge M. Andraz, 2011. "On the effects of highway investment on the regional concentration of economic activity in the USA," Working Papers 107, Department of Economics, College of William and Mary.
    • Handle: RePEc:cwm:wpaper:107
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    File URL: http://economics.wm.edu/wp/cwm_wp107.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Alfredo Pereira & Jorge Andraz, 2012. "On the regional incidence of highway investments in the USA," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 48(3), pages 819-838, June.
    3. 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.
    4. 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.
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    More about this item

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • 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

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