The Effect of Port Infrastructures on Regional Production
Pablo Coto-Millán (),
José Baños and
Ingrid Mateo-Mantecón
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Pablo Coto-Millán: University of Cantabria
Ingrid Mateo-Mantecón: University of Cantabria
A chapter in Essays on Port Economics, 2010, pp 201-234 from Springer
Abstract:
Abstract This study highlights the impact that investment in a project to expand the Port of Santander would have, and the effects of this investment on economic growth and employment in Cantabria. To this end a methodology based on estimating an aggregate production function has been used which, by applying econometric techniques of cointegration, detects a stable relationship between the regional output, employment, human capital, the supply of private capital and the port infrastructure. This approach measures the magnitude of the effects of an increase in the capital endowment of the port on private production, being complementary to results obtained using other economic research tools, such as input–output studies or social assessment projects through cost-benefit analysis.
Keywords: Human Capital; Unit Root; Public Investment; Error Correction Model; Data Generate Process (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2425-4_14
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DOI: 10.1007/978-3-7908-2425-4_14
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