Aggregate and Regional Economic Effects of New Railway Infrastructure

Polasek, Wolfgang; Schwarzbauer, Wolfgang and Sellner, RichardORCID: (June 2009) Aggregate and Regional Economic Effects of New Railway Infrastructure. Former Series > Working Paper Series > IHS Economics Series 242


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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: 15 Jun 2024 06:01
ISBN: 1605-7996

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