Aggregate and Regional Economic Effects of New Railway Infrastructure

Wolfgang Polasek, Wolfgang Schwarzbauer and Richard Sellner

Review of Economic Analysis, 2010, vol. 2, issue 1, 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 econom(etr)ic evaluation models are scarce, especially in regional science. This paper pro- poses new approaches to evaluate infrastructure by a dynamic spatial econometric model that allows long-term predictions. We investigate the regional effects for 2 Austrian rail- way projects and show that infrastructure returns are positive on an aggregate and at a regional level, and 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: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.rofea.org/index.php?journal=journal&pag ... %5D=28&path%5B%5D=17 (application/pdf)

Related works:
Working Paper: Aggregate and Regional Economic Effects of New Railway Infrastructure (2009)
Working Paper: Aggregate and Regional Economic Effects of New Railway Infrastructure (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ren:journl:v:2:y:2010:i:1:p:73-85

Access Statistics for this article

Review of Economic Analysis is currently edited by Dr. Jerzy (Jurek) Konieczny

More articles in Review of Economic Analysis from Digital Initiatives at the University of Waterloo Library
Bibliographic data for series maintained by Dr. Jerzy (Jurek) Konieczny ().