Artikel

The politico-economic determinants and productivity effects of regional transport investment in Europe

We study the determinants and productivity effects of regional transportation infrastructure investment in France, Germany, Italy, and Spain. We estimate productivity effects with regional production functions for each country controlling for the potential endogeneity of public infrastructure investment. In analyzing the determinants of public infrastructure investment two broad categories are considered: First, the normative principles such as efficiency, equity, and redistribution; and second, political factors such as electoral competition and electoral rents. The evidence shows that road infrastructure positively contributes to regional production. As to the determinants, efficiency and redistribution are consistently found to be the dominant norms while equity considerations appear to be less important. However, we find remarkable differences across countries regarding the political determinants. Which political factors matter for infrastructure investment is related to the different political systems of the various countries.

Sprache
Englisch

Erschienen in
Journal: EIB Papers ; ISSN: 0257-7755 ; Volume: 13 ; Year: 2008 ; Issue: 2 ; Pages: 36-60 ; Luxembourg: European Investment Bank (EIB)

Klassifikation
Wirtschaft
Thema
Verkehrsinvestition
Regionale Verkehrspolitik
Räumliche Verteilung
Produktivität
Deutschland
Frankreich
Spanien
Italien

Ereignis
Geistige Schöpfung
(wer)
Kemmerling, Achim
Stephan, Andreas
Ereignis
Veröffentlichung
(wer)
European Investment Bank (EIB)
(wo)
Luxembourg
(wann)
2008

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Kemmerling, Achim
  • Stephan, Andreas
  • European Investment Bank (EIB)

Entstanden

  • 2008

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