Polasek, Wolfgang; Schwarzbauer, Wolfgang and Sellner, RichardORCID: https://orcid.org/0000-0001-7519-184X
(2010)
Aggregate and Regional Economic Effects of New Railway Infrastructure.
Review of Economic Analysis, 2 (1), pp. 73-85.
Abstract
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 |
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Keywords: | Regional growth convergence, trac accessibility, infrastructure evaluation,spatial econometrics |
Classification Codes (e.g. JEL): | C31, H43, H54, R11, R12 |
Former Research Units: | Divisions > All Research Groups > Old Former Research Groups > Former Departments (until 2015) > Department of Economics and Finance > Applied Economics and Finance |
Date Deposited: | 09 Jun 2015 11:59 |
Last Modified: | 11 Feb 2025 03:46 |
ISSN: | 1973-3909 |
URI: | https://irihs.ihs.ac.at/id/eprint/3486 |