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The politico-economic determinants and productivity effects of regional transport investment in Europe
Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). DIW Berlin .ORCID iD: 0000-0001-5776-9396
2008 (English)Report (Other academic)
Abstract [en]

We study the determinants and productivity effects of regional transportation infrastructure investment in France, Germany, Italy, and Spain. We estimate productivity effects with regional production functions for each country controlling for the potential endogeneity of public infrastructure investment. In analyzing the determinants of public infrastructure investment two broad categories are considered: First, the normative principles such as efficiency, equity, and redistribution; and second, political factors such as electoral competition and electoral rents. The evidence shows that road infrastructure positively contributes to regional production. As to the determinants, efficiency and redistribution are consistently found to be the dominant norms while equity considerations appear to be less important. However, we find remarkable differences across countries regarding the political determinants. Which political factors matter for infrastructure investment is related to the different political systems of the various countries.

Place, publisher, year, edition, pages
Luxembourg: EIB , 2008. , p. 25
Series
EIB Papers ; Vol 13, No 2, 2008
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-5897OAI: oai:DiVA.org:hj-5897DiVA, id: diva2:36717
Available from: 2008-07-21 Created: 2008-07-21 Last updated: 2020-12-04Bibliographically approved

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Stephan, Andreas

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