Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72668
Authors: 
Polasek, Wolfgang
Schwarzbauer, Wolfgang
Sellner, Richard
Year of Publication: 
2009
Series/Report no.: 
Reihe Ökonomie / Economics Series, Institut für Höhere Studien (IHS) 242
Abstract: 
Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favourable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but econom(etr)ic evaluation models are scarce, especially in regional science. This paper proposes new approaches to evaluate infrastructure by a dynamic spatial econometric model that allows long-term predictions. We investigate the regional effects for two Austrian railway projects and show that infrastructure returns are positive on an aggregate and at a regional level but spatial variation can be large.
Subjects: 
regional growth convergence
traffic accessibility
infrastructure evaluation
spatial econometrics
JEL: 
C31
H43
H54
R11
R12
Document Type: 
Working Paper

Files in This Item:
File
Size
862.69 kB





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