English, Article, Journal or magazine article edition: Aggregate and regional economic eects of new railway infrastructure Wolfgang Polasek; Wolfgang Schwarzbauer; Richard Sellner

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Bookmark: http://trove.nla.gov.au/version/1313
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Aggregate and regional economic eects of new railway infrastructure
Author
  • Wolfgang Polasek
  • Wolfgang Schwarzbauer
  • Richard Sellner
Physical Description
  • preprint
Notes
  • Economists expect positive returns to investments in infrastructure. However a project with higher national returns might have less favorable eects on a regional level than the alternative. Therefore new infrastruc- ture should also be assessed on a regional level, but econom(etr)ic evalua- tion models are scarce, especially in regional science. This paper proposes new approaches to evaluate infrastructure by a dynamic spatial economet- ric model that allows long-term predictions. We investigate the regional eects for 2 Austrian railway projects and show that infrastructure returns are positive on an aggregate and at a regional level but spatial variation can be large.
  • Regional growth convergence, trac accessibility, infrastruc- ture evaluation, spatial econometrics
  • RePEc:rim:rimwps:09-09
Language
  • English
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