dc.contributor.author
Ruiz Marín, Adriana Karina
dc.contributor.author
Matas i Prat, Anna
dc.contributor.author
Raymond Bara, José Luis
dc.contributor.author
Xarxa de Referència en Economia Aplicada (XREAP)
dc.identifier
https://ddd.uab.cat/record/169221
dc.identifier
urn:oai:ddd.uab.cat:169221
dc.description.abstract
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
dc.format
application/pdf
dc.publisher
Xarxa de Referència en Economia Aplicada (XREAP)
dc.relation
Xarxa de Referència en Economia Aplicada (XREAP). Documents de treball de la Xarxa de Referència en Economia Aplicada (XREAP) ;
dc.rights
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
dc.rights
https://creativecommons.org/licenses/by-nc-nd/3.0/
dc.subject
Infraestructures (Transport)
dc.subject
Inversions públiques
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Economia regional
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Transportation buildings
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Public investments
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Regional economics
dc.title
How do road infrastructure investments affect the regional economy? Evidence from Spain
