Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18310
Authors: 
Cadot, Olivier
Röller, Lars-Hendrik
Stephan, Andreas
Year of Publication: 
2004
Series/Report no.: 
DIW Discussion Papers 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

Files in This Item:
File
Size
358.36 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.