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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18310| Title: | Contribution to Productivity or Pork Barrel? The Two Faces of Infrastructure Investment |
| Keywords: | D72 O40 D78 ddc:330 Growth Infrastructure Political Economy Lobbying France Verkehrsinfrastrukturpolitik Public Choice Verkehrsinvestition Produktivität Regionales Wachstum Interessenpolitik Schätzung Frankreich |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in production-function estimates and generate testable hypotheses on the forces that shape infrastructure policy. Our empirical findings on a panel of France's regions over 1985-92 suggest that electoral concerns and in°uence activities were, indeed, significant determinants of the cross-regional allocation of transportation infrastructure investments. By contrast, we find little evidence of concern for the maximization of economic returns to infrastructure spending, even after controlling for pork-barrel. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18310 |
| Other Identifiers: | http://hdl.handle.net/10419/18310 ppn:472639277 |
| Appears in Collections: | EconStor |
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