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 in°uence activities were, indeed, significant determinants of the cross-regional 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: DIW Discussion Papers ; No. 458
- Klassifikation
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Economic Growth and Aggregate Productivity: General
Positive Analysis of Policy Formulation and Implementation
- Thema
-
Growth
Infrastructure
Political Economy
Lobbying
France
Verkehrsinfrastrukturpolitik
Public Choice
Verkehrsinvestition
Produktivität
Regionales Wachstum
Interessenpolitik
Schätzung
Frankreich
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cadot, Olivier
Röller, Lars-Hendrik
Stephan, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cadot, Olivier
- Röller, Lars-Hendrik
- Stephan, Andreas
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2004
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