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Regional Investment Functions of Material Infrastructure: Theoretical Issues and Selected Empirical Case Studies

Author

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  • W Buhr

    (Department of Economics, University of Siegen, 5900 Siegen 21, FRG)

  • M Köppel

    (Rhenanian-Westfalian Institute of Economic Research, 4300 Essen 1, FRG)

Abstract

In this paper a survey is given of the theoretical contributions essential for the derivation of regional investment functions of material infrastructure. A basic distinction is made between models of investment volume (level models) and investment-programming models (structure models). Investment functions may also be obtained from structure models by parametric programming that may be subsumed under those types of functions stemming from level models. In addition, empirical research on investment functions in selected fields of regional water-quality management, electricity supply, and provision of telephone services is summarized with respect to the main theoretical approaches—the accelerator models and the neoclassical cost model. To a substantial extent this research uses unpublished data for regression analysis.

Suggested Citation

  • W Buhr & M Köppel, 1986. "Regional Investment Functions of Material Infrastructure: Theoretical Issues and Selected Empirical Case Studies," Environment and Planning A, , vol. 18(4), pages 491-509, April.
    • Handle: RePEc:sae:envira:v:18:y:1986:i:4:p:491-509
    DOI: 10.1068/a180491
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    References listed on IDEAS

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    1. Marcellus S. Snow, 1975. "Investment Cost Minimization for Communications Satellite Capacity: Refinement and Application of the Chenery-Manne-Srinivasan Model," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 621-643, Autumn.
    2. Stephen C. Peck, 1974. "Alternative Investment Models for Firms in the Electric Utilities Industry," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 420-458, Autumn.
    3. U. Sankar, 1973. "Investment Behavior in the U.S. Telephone Industry -- 1949 to 1968," Bell Journal of Economics, The RAND Corporation, vol. 4(2), pages 665-678, Autumn.
    4. P. Massé & R. Gibrat, 1957. "Application of Linear Programming to Investments in the Electric Power Industry," Management Science, INFORMS, vol. 3(2), pages 149-166, January.
    5. Walter Buhr, 1973. "Toward The Design Of Intraregional Infrastructure Policy," Papers in Regional Science, Wiley Blackwell, vol. 31(1), pages 213-237, January.
    6. U. Sankar, 1972. "Investment Behavior in the U.S. Electric Utility Industry, 1949-1968," Bell Journal of Economics, The RAND Corporation, vol. 3(2), pages 645-664, Autumn.
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    Cited by:

    1. Nijkamp, P. & Alsters, T. & Mark, R. van der, 1986. "Revitalization of regional resources : a multidimensional profile analysis," Serie Research Memoranda 0043, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Manfred Fischer & Peter Nijkamp, 1988. "The role of small firms for regional revitalization," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 22(1), pages 28-42, February.

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