Aggregate and Regional Economic Effects of New Railway Infrastructure

Wolfgang Polasek, Wolfgang Schwarzbauer and Richard Sellner

No 242, Economics Series from Institute for Advanced Studies

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.

Keywords: Regional growth convergence; traffic accessibility; infrastructure evaluation; spatial econometrics (search for similar items in EconPapers)
JEL-codes: C31 H43 H54 R11 R12 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2009-07
New Economics Papers: this item is included in nep-geo and nep-ure
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Citations: View citations in EconPapers (1)

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https://irihs.ihs.ac.at/id/eprint/1926 First version, 2009 (application/pdf)

Related works:
Journal Article: Aggregate and Regional Economic Effects of New Railway Infrastructure (2010)
Working Paper: Aggregate and Regional Economic Effects of New Railway Infrastructure (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ihs:ihsesp:242

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