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Government quality and the economic returns of transport infrastructure investment in European regions

Crescenzi, Riccardo and Di Cataldo, Marco and Rodríguez-Pose, Andrés (2016) Government quality and the economic returns of transport infrastructure investment in European regions. Journal of Regional Science, 56 (4). pp. 555-582. ISSN 0022-4146

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Identification Number: 10.1111/jors.12264

Abstract

Transport infrastructure investment is a cornerstone of growth-promoting strategies. However, the link between infrastructure investment and economic performance remains unclear. This may be a consequence of overlooking the role of government institutions. This paper assesses the connection between regional quality of government and the returns of different types of road infrastructure in the regions of the European Union. The results unveil the influence of regional quality of government on the economic returns of transport infrastructure. In weak institutional contexts, investment in motorways – the preferred option by governments – yields significantly lower returns than the more humble secondary roads. Government institutions also affect the returns of transport maintenance investment.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information: © 2016 Wiley Periodicals Inc.
Subjects: J Political Science > JN Political institutions (Europe)
JEL classification: O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
R - Urban, Rural, and Regional Economics > R4 - Transportation Systems > R40 - General
R - Urban, Rural, and Regional Economics > R5 - Regional Government Analysis > R58 - Regional Development Policy
Sets: Departments > Geography and Environment
Date Deposited: 14 Mar 2016 12:32
Last Modified: 19 Sep 2017 09:58
Projects: 269868, 639633-MASSIVE-ERC-2014-STG
Funders: Seventh Framework Programme, Horizon 2020 Program
URI: http://eprints.lse.ac.uk/id/eprint/65716

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