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Title:Contribution to Productivity or Pork Barrel? The Two Faces of Infrastructure Investment PDF Logo
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:DIW-Diskussionspapiere
Publikationen von Forscherinnen und Forschern des DIW

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