Aggregate and Regional Economic Effects of New Railway Infrastructure
Wolfgang Schwarzbauer () and
No 242, Economics Series from Institute for Advanced Studies
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
New Economics Papers: this item is included in nep-geo and nep-ure
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http://www.ihs.ac.at/publications/eco/es-242.pdf First version, 2009 (application/pdf)
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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