How do road infrastructure investments affect the regional economy? Evidence from Spain

Publicación:	Universitat Autònoma de Barcelona. Departament d'Economia Aplicada 2016
Descripción:	35 p.
Resumen:	This paper analyses the relationship between road infrastructure improvements and investment in capital assets. Using aggregate data at a provincial level for 1977-2008, an equation for machinery and equipment investment is estimated applying Panel Corrected Standard Errors. The results indicate that the long-term elasticities of investment in relation to market potential, GDP and average years of schooling are 0. 90, 0. 75 and 0. 80, respectively. Additionally, the long run impact of a road infrastructure investment policy is assessed. We find that the elasticities of investment in machinery and equipment, capital stock and GDP in relation to travel time are 1. 18, 0. 33 and 0. 11, respectively.
Derechos:	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons:
Lengua:	Català
Colección:	Departament d'Economia Aplicada. Documents de treball
Colección:	Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 1610
Documento:	Working paper
Materia:	Enginyeria del trànsit ; Espanya ; Transport ; Inversions ; Infraestructures (Transport) ; Travel time ; Market potential ; Regional investment ; Road infraestructure

38 p, 366.0 KB

Registro creado el 2016-06-13, última modificación el 2022-07-09