Place-based public investment in regional infrastructure, the locational choice of firms and regional performance: the case of India

Nicholas Vasilakos, Alkis Theonas Pitelis, Nick Horsewood and Christos Pitelis

Regional Studies, 2023, vol. 57, issue 6, 1055-1068

Abstract: We discuss conceptual reasons for and propose public investment in regional infrastructure as a hybrid form of a place-based regional industrial policy aiming to foster the regional economic activity of lagging regions. We present and empirically test a baseline model using data for 14 Indian regions/states over a period of 39 years. Our results show that place-based regional infrastructure investments, particularly in electricity-generating capacity and width-adjusted length of national highways, positively impact the relative number of firms operating in a region and help foster its economic performance.

Date: 2023
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DOI: 10.1080/00343404.2022.2146666

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