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http://hdl.handle.net/10419/18310
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| Title: | | Contribution to Productivity or Pork Barrel? The Two Faces of Infrastructure Investment  |
| Authors: | | Cadot, Olivier Röller, Lars-Hendrik Stephan, Andreas |
| Issue Date: | | 2004 |
| Series/Report no.: | | DIW-Diskussionspapiere 458 |
| Abstract: | | 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. |
| Subjects: | | Growth Infrastructure Political Economy Lobbying France |
| JEL: | | D72 O40 D78 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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| dp458.pdf | | 358.36 kB | Adobe PDF |
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