Aggregate and Regional Economic Effects of New Railway Infrastructure

Wolfgang Polasek, Wolfgang Schwarzbauer and Richard Sellner

Working Paper series from Rimini Centre for Economic Analysis

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 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 2 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)
Date: 2009-01
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http://www.rcea.org/RePEc/pdf/wp09_09.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:rim:rimwps:09_09

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