Aggregate and Regional Economic Effects of New Railway Infrastructure

Authors

  • Wolfgang Polasek
  • Wolfgang Schwarzbauer
  • Richard Sellner

DOI:

https://doi.org/10.15353/rea.v2i1.1492

Abstract

Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favorable effects on a regional level than the alternative. Therefore new infrastructure should also be assessed on a regional level, but econometric 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 2 Austrian railway projects and show that infrastructure returns are positive on an aggregate and at a regional level, and spatial variation can be large.

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Published

2010-05-05

Issue

Vol. 2 No. 1 (2010)

Section

Articles

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