Loading...
Publication
Public investment in transportation infrastructures and regional asymmetries in Portugal
| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 120.28 KB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
The objective of this paper is to investigate the regional incidence of the
effects of public investment in transportation infrastructures in Portugal. Our
methodological approach consists of estimating vector autoregressive (VAR)
models for the national economy as well as for each of the five administrative
regions in the country. In the regional models, both public investment in
transportation infrastructures in the region and public investment in transportation
infrastructures elsewhere are considered, thereby taking into consideration the
potential existence of regional spillovers. Empirical results suggest that although
public investment in transportation infrastructures has been a powerful instrument
to promote long-term growth, it does so in a way that is rather unbalanced across
regions. We show that public investment in transportation infrastructures has
markedly contributed to the concentration of economic activity in Lisbon, the
largest region in the country, and therefore has contributed markedly to the
macrocephaly of the country
Description
Keywords
Citation
Pereira, Alfredo M.; Andraz, Jorge M.Public investment in transportation infrastructures and regional asymmetries in Portugal, The Annals of Regional Science, 40, 4, 803-817, 2006.