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Efficiency of European Funds in the Accession Countries: The Case of Transport Infrastructure Investments in Latvia

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  • d’Artis Kancs

Abstract

A transport infrastructure investment as any kind of transport initiative has an impact on the monetary cost, time cost, efficiency and quality of transportation of goods and people. Prior to launching a transport initiative, all such initiatives are subject to cost benefit analyses at the national and EU level to know whether the present value of total net benefits including environmental impacts exceeds the cost. However, several important welfare issues are not sufficiently addressed in standard evaluation procedures. One issue is whether the so-called direct measurement of user benefit, which consists in quantifying changes in surplus of the users of the transport system, captures all welfare generated in the economy. Another issue is how the gains (or possibly losses) of a transport initiative are distributed among regions. The goal of this paper is to improve the understanding of the impact of transportation policies on short- and long-term spatial development in the new EU member states, which we achieve by performing a systematic and quantitative analysis of socio-economic and spatial impacts of alternative transport investments by carrying out scenario simulations. The scenario simulation results suggest that investments in railroad projects are more efficient in terms of regional welfare than road project investments.

Suggested Citation

  • d’Artis Kancs, 2004. "Efficiency of European Funds in the Accession Countries: The Case of Transport Infrastructure Investments in Latvia," EERI Research Paper Series EERI_RP_2004_01, Economics and Econometrics Research Institute (EERI), Brussels.
    • Handle: RePEc:eei:rpaper:eeri_rp_2004_01
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    File URL: http://www.eeri.eu/documents/wp/EERI_RP_2004_01.pdf
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    1. Combes, Pierre-Philippe & Lafourcade, Miren, 2001. "Transport Cost Decline and Regional Inequalities: Evidence from France," CEPR Discussion Papers 2894, C.E.P.R. Discussion Papers.
    2. Richard Baldwin & Rikard Forslid & Philippe Martin & Gianmarco Ottaviano & Frederic Robert-Nicoud, 2005. "Economic Geography and Public Policy," Economics Books, Princeton University Press, edition 1, number 7524.
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    Cited by:

    1. Chen, Xi & Zhou, Bin & Zhong, Funing, 2010. "Do Consumers Really Care about Genetically Modified (GM) Food Label? What Do We Know? What Else Should We Know?," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(2), pages 32-56.
    2. Andrew R. Goetz, 2011. "The Global Economic Crisis, Investment in Transport Infrastructure, and Economic Development," Chapters, in: Kenneth Button & Aura Reggiani (ed.), Transportation and Economic Development Challenges, chapter 3, Edward Elgar Publishing.
    3. James Anderson, 2001. "Migration, FDI, and the Margins of Trade," EERI Research Paper Series EERI_RP_2001_05, Economics and Econometrics Research Institute (EERI), Brussels.
    4. Boppana Nagarjuna & Varadi Vijay Kumar, 2010. "Heat waves or Meteor showers: Empirical evidence from the stock markets," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 53(2), pages 57-74.

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    More about this item

    Keywords

    EU structural funds; economic integration; CGE;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F15 - International Economics - - Trade - - - Economic Integration
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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