Regional infrastructure investment and efficiency

Bibliographic Data

ID10409124
AuthorsAnna Matas (0000-0001-8395-3533, Departament d’Economia Aplicada, Universitat Autonoma de Barcelona, Barcelona, Spain; and Institut d’Economia de Barcelona (IEB), Barcelona, Spain, corresponding author), Josep Lluís Raymond (0000-0002-4310-8471, Departament d’Economia i Historia Economica, Universitat Autonoma de Barcelona, Barcelona, Spain; and Institut d’Economia de Barcelona (IEB), Barcelona, Spain), Adriana Ruíz (Departament d’Economia Aplicada, Universitat Autonoma de Barcelona, Barcelona, Spain; and Institut d’Economia de Barcelona (IEB), Barcelona, Spain)
Year2018
Volume52
Issue12
Pages1684-1694
Publication date2018-04-06
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueRegional Studies (JOURNAL)
Journal identifiersISSN: 0034-3404 • E-ISSN: 1360-0591
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/00343404.2018.1445845
OpenAlexW2795606736
LanguageEN
Citations received5
References cited24

Using Spanish data, this paper shows that improvements in the road network have a positive effect on private investment in capital assets, and this effect increases with the level of economic development of a geographical area. We use aggregate data at the provincial level between the years 1977–2008. Additionally, we propose a system of equations in order to approximate the long-run effects. We find statistical evidence of efficiency loss associated with the distributional aims of the infrastructure policy. More importantly, since the effects of infrastructure investment are permanent, in the long run, efficiency costs will be higher

Aggregate data · Business · Capital (architecture · Capital investment · Econometrics · Economics · Geography · Investment (military · Order (exchange · Public economics · Transport engineering · Transport infrastructure · Finance · Fiscal Policy and Economic Growth · Housing Market and Economics · Regional Economics and Spatial Analysis

Tools

Open DOISci-HubOpen Access