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Comparing estimation methods for spatial econometrics

Bivand, Roger
Piras, Gianfranco
Year of Publication: 
Series/Report no.: 
52nd Congress of the European Regional Science Association: "Regions in Motion - Breaking the Path", 21-25 August 2012, Bratislava, Slovakia
Investments in infrastructure are often seen as preferred policies for promoting regional growth. It is clear that good infrastructure projects, based on cost-benefit analysis, should show a countercyclical pattern. Being long-term investments, the benefits should be independent of the business cycle. However, the social costs of each project would be lower in cyclical troughs, when there is surplus capacity. The paper hopes to explore whether these relationships can be demonstrated.
Document Type: 
Conference Paper

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