Arbeitspapier
Contribution to productivity or pork barrel? The two faces of infrastructure investment
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in production-function estimates and generate testable hypotheses on the forces that shape infrastructure policy. Our empirical findings on a panel of France’s regions over 1985-92 suggest that electoral concerns and influence activities were, indeed, significant determinants of the crossregional allocation of transportation infrastructure investments. By contrast,we find little evidence of concern for the maximization of economic returns to infrastructure spending, even after controlling for pork-barrel.
- Sprache
-
Englisch
- Erschienen in
-
Series: WZB Discussion Paper ; No. FS IV 02-09
- Klassifikation
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Positive Analysis of Policy Formulation and Implementation
Economic Growth and Aggregate Productivity: General
- Thema
-
Growth
Infrastructure
Political Economy
Lobbying
France
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cadot, Olivier
Röller, Lars-Hendrik
Stephan, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (wo)
-
Berlin
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cadot, Olivier
- Röller, Lars-Hendrik
- Stephan, Andreas
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Entstanden
- 2002
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