EconPapers    
Economics at your fingertips  
 

Aggregate and Regional Economic Effects of New Railway Infrastructure

Wolfgang Polasek, Wolfgang Schwarzbauer () and Richard Sellner

Working Paper series from Rimini Centre for Economic Analysis

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 proposes new approaches to evaluate infrastructure by a dynamic spatial econometric model that allows long-term predictions. We investigate the regional effects for 2 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)
Date: 2009-01
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.rcea.org/RePEc/pdf/wp09_09.pdf

Related works:
Journal Article: Aggregate and Regional Economic Effects of New Railway Infrastructure (2010) Downloads
Working Paper: Aggregate and Regional Economic Effects of New Railway Infrastructure (2009) Downloads
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:rim:rimwps:09_09

Access Statistics for this paper

More papers in Working Paper series from Rimini Centre for Economic Analysis Contact information at EDIRC.
Bibliographic data for series maintained by Marco Savioli ().

 
Page updated 2020-05-21
Handle: RePEc:rim:rimwps:09_09