Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226159
Authors: 
Alvarez, Eduard
Holzner, Mario
Jestl, Stefan
Marti-Henneberg, Jordi
Year of Publication: 
2016
Series/Report no.: 
wiiw Balkan Observatory Working Papers No. 121
Abstract: 
In this paper we analyse the economic effects of railway infrastructure at the national level for European countries as well as at the local level for Southeast European cities based on a novel railway database capturing decades of the 19th century up to the early 21th century. A panel fixed effects regression analysis at the country level indicates a positive economic impact emanating from railway infrastructure, whereby the effect appears to be even stronger for less developed Southeast European countries. In addition, a linear spatially augmented multilevel model at the city level sheds light on the positive effects resulting from railway infrastructure on urban development. Its positive spillover effects occur within countries as well as across borders.
Subjects: 
Railway
infrastructure
Balkans
Southeast Europe
backwardness
urban development
economic development
railway accessibility
infrastructural spillovers
multilevel model
historical analysis
JEL: 
L92
N13
N14
N73
N74
N93
N94
O18
O47
R11
R41
Document Type: 
Working Paper

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