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Transport infrastructures, spillover effects and regional growth: evidence of the Spanish case

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  • PEDRO CANTOS
  • MERCEDES GUMBAU‐ALBERT
  • JOAQUÍN MAUDOS

Abstract

The impact of transport infrastructures on the economic growth of both regions and sectors, distinguishing among modes of transport, is analysed. An attempt is also made to capture the spillover effects associated with transport infrastructures. Two different methodologies are used: the first adopts an accounting approach based on a regression on indices of total factor productivity; the second uses econometric estimates of the production function. Very similar elasticities are obtained with both methodologies for the private sector of the economy, both for the aggregate capital stock of transport infrastructures and for the various types of infrastructure. However, the disaggregated results for sectors of production are not conclusive. The results confirm the existence of very substantial spillover effects associated with transport infrastructures.

Suggested Citation

  • Pedro Cantos & Mercedes Gumbau‐Albert & Joaquín Maudos, 2003. "Transport infrastructures, spillover effects and regional growth: evidence of the Spanish case," Transport Reviews, Taylor & Francis Journals, vol. 25(1), pages 25-50, December.
    • Handle: RePEc:taf:transr:v:25:y:2003:i:1:p:25-50
    DOI: 10.1080/014416410001676852
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    1. Goerlich Gisbert Francisco J. & Mas Ivars Matilde, 2002. "La evolución económica de las provincias españolas (1955-1998). Volumen II, Desigualdad y convergencia," Books, Fundacion BBVA / BBVA Foundation, edition 2, number 201125, October.
    2. Charles R. Hulten & Robert M. Schwab, 1993. "Endogenous Growth, Public Capital, and the Convergence of Regional Manufacturing Industries," NBER Working Papers 4538, National Bureau of Economic Research, Inc.
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