TRANSPORT INFRASTRUCTURES AND REGIONAL GROWTH: EVIDENCE OF THE SPANISH CASE

Mercedes Gumbau Albert (), Joaquin Maudos () and Pedro Cantos-Sánchez
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Mercedes Gumbau Albert: Universitat de València

Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This paper analyses the impact of transport infrastructures on the economic growth of both regions and sectors, distinguishing among modes of transport. It also attempts to capture the spillover effects or network effects associated with transport infrastructures. Two different methodologies are used: the first adopts an accounting approach on the basis of a regression on total factor productivity (TFP) indices, the second uses econometric estimates of the production function. Our study obtains very similar elasticities with both methodologies for the private sector of the economy, both for the aggregate capital stock of transport infrastructures and for the various types of infrastructure. Important network effects of these infrastructures on the private sector have also been observed. However, the disaggregated results for sectors of production are not conclusive. Este trabajo analiza el impacto de las infraestructuras de transporte sobre elcrecimiento económico, tanto regional como sectorial, distinguiendo el análisis pormodo de transporte. Asimismo, se intentan captar los efectos spillover o efectos redasociados a las infraestructuras de transporte. Para ello, se emplean dos metodologíasdiferentes. La primera utiliza una aproximación contable a partir de una regresión sobrelos índices de productividad total de los factores (TFP). La segunda metodología utilizaestimaciones econométricas de la función de producción. Nuestro trabajo obtiene paraambas metodologías elasticidades muy similares para el sector privado de la economía,tanto para el stock de capital agregado de infraestructuras de transporte como para losdiversos tipos de infraestructuras. También se han constatado importantes efectos red deestas infraestructuras sobre el sector privado. Sin embargo, los resultados desagregadospor sectores productivos no son concluyentes.

Keywords: Infraestructuras de transporte; productividad; regiones; sectores. Transport infrastructures; productivity; regions; sectors. (search for similar items in EconPapers)
JEL-codes: O40 R11 R40 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2002-10
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Citations: View citations in EconPapers (4)

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http://www.ivie.es/downloads/docs/wpasec/wpasec-2002-27.pdf Fisrt version / Primera version, 2002 (application/pdf)

Related works:
Working Paper: Transport infrastructures and regional growth: evidence of the Spanish case (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasec:2002-27

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