English, Article, Journal or magazine article edition: Aggregate and Regional Economic Effects of New Railway Infrastructure Polasek, Wolfgang; Schwarzbauer, Wolfgang; Sellner, Richard

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Bookmark: http://trove.nla.gov.au/version/104549
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Aggregate and Regional Economic Effects of New Railway Infrastructure
Author
  • Polasek, Wolfgang
  • Schwarzbauer, Wolfgang
  • Sellner, Richard
Physical Description
  • preprint
Notes
  • 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.
  • Regional growth convergence, traffic accessibility, infrastructure evaluation, spatial econometrics
  • RePEc:ihs:ihsesp:242
Language
  • English
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