Polasek, Wolfgang; Schwarzbauer, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X (June 2009) Aggregate and Regional Economic Effects of New Railway Infrastructure. Former Series > Working Paper Series > IHS Economics Series 242
es-242.pdf
Download (883kB) | Preview
Abstract
Abstract: Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favourable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but econom(etr)ic 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 two Austrian railway projects and show that infrastructure returns are positive on an aggregate and at a regional level but spatial variation can be large.;
Item Type: | IHS Series |
---|---|
Keywords: | 'Regional growth convergence' 'Traffic accessibility' 'Infrastructure evaluation' 'Spatial econometrics' |
Classification Codes (e.g. JEL): | C31, H43, H54, R11, R12 |
Date Deposited: | 26 Sep 2014 10:38 |
Last Modified: | 05 Dec 2024 07:01 |
ISBN: | 1605-7996 |
URI: | https://irihs.ihs.ac.at/id/eprint/1926 |