Aggregate and Regional Economic Effects of New Railway Infrastructure

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

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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
Date Deposited: 09 Jun 2015 11:59
Last Modified: 27 Apr 2020 11:36
ISSN: 1973-3909

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