Aggregate and regional economic effects of new railway infrastructure

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Reihe Ökonomie / Economics Series ; No. 242

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models ; Project Evaluation; Social Discount Rate ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes ; Size and Spatial Distributions of Regional Economic Activity
• Subject: regional growth convergence ; traffic accessibility ; infrastructure evaluation ; spatial econometrics ; Schienenstrecke ; Infrastrukturinvestition ; Regionale Entwicklung ; Entwicklungskonvergenz ; Schätzung ; Österreich

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Polasek, Wolfgang ; Schwarzbauer, Wolfgang ; Sellner, Richard
• Event: Veröffentlichung
• (who): Institute for Advanced Studies (IHS)
• (where): Vienna
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/72668
• Last update: 10.03.2025, 11:44 AM CET