Aggregate and Regional Economic Effects of New Railway Infrastructure

Polasek, Wolfgang and Schwarzbauer, Wolfgang and Sellner, Richard (2010) Aggregate and Regional Economic Effects of New Railway Infrastructure. Review of Economic Analysis, 2 (1), pp. 73-85.

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Abstract or Table of Contents

Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favorable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but
econometric evaluation models are scarce, especially in regional science. This paper proposes new approaches to evaluate infrastructure by a dynamic spatial econometric model that allows long-term predictions. We investigate the regional effects for 2 Austrian railway projects and show that infrastructure returns are positive on an aggregate and at a regional level, and spatial variation can be large.

Item Type: Article in Academic Journal
Keywords: Regional growth convergence, trac accessibility, infrastructure evaluation,spatial econometrics
Classification Codes (e.g. JEL): C31, H43, H54, R11, R12
Status: Published
Date Deposited: 09 Jun 2015 11:59
Last Modified: 01 Apr 2016 14:19

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