How do road infrastructure investments affect the regional economy? Evidence from Spain
Matas i Prat, Anna
Ruiz Marín, Adriana Karina
Raymond Bara, José Luís

Imprint: Universitat Autònoma de Barcelona. Departament d'Economia Aplicada 2016
Description: 35 p.
Abstract: 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.
Rights: L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: Creative Commons
Language: Català.
Series: Departament d'Economia Aplicada: Documents de treball
Series: Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 16.10
Document: workingPaper
Subject: Enginyeria del trànsit ; Espanya ; Transport ; Inversions ; Infraestructures (Transport) ; Travel time ; Market potential ; Regional investment ; Road infraestructure

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Research literature > Working papers

 Record created 2016-06-13, last modified 2019-02-02

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