Aggregate and Regional Economic Effects of New Railway Infrastructure
Wolfgang Schwarzbauer () and
Working Paper series from Rimini Centre for Economic Analysis
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)
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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:rim:rimwps:09_09
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