Use this identifier to quote or link this document: http://hdl.handle.net/2072/262449

How do road infrastructure investments affect the regional economy? Evidence from Spain
Matas i Prat, Anna; Ruiz Marín, Adriana Karina; Raymond Bara, José Luís
This paper analyses the relationship between road infrastructure improvements and investment in capital assets. Using aggregate data at a provincial level for 1977-2008, an equation for machinery and equipment investment is estimated applying Panel Corrected Standard Errors. The results indicate that the long-term elasticities of investment in relation to market potential, GDP and average years of schooling are 0.90, 0.75 and 0.80, respectively. Additionally, the long run impact of a road infrastructure investment policy is assessed. We find that the elasticities of investment in machinery and equipment, capital stock and GDP in relation to travel time are 1.18, 0.33 and 0.11, respectively.
2016-06
Travel time
Market potential
Regional investment
Regional investment
Road infraestructure
33 - Economia
Enginyeria del trànsit -- Espanya
Transport -- Inversions -- Espanya
Infraestructures (Transport) -- Espanya
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/
35 p.
Working Paper
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada
Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada);16.10
         

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