Journal ArticleDOI
Contribution of transportation investments to county output
TLDR
In this article, the impact of highway investments on economic development is investigated by analyzing lagged and spillover effects, and the contribution of past output levels to the current output using a dynamic model.About:
This article is published in Transport Policy.The article was published on 2007-07-01. It has received 105 citations till now. The article focuses on the topics: Spillover effect & Investment (macroeconomics).read more
Citations
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Journal ArticleDOI
The productivity of transport infrastructure investment: A meta-analysis of empirical evidence
TL;DR: In this paper, the authors conduct a meta-analysis of the empirical evidence on the output elasticity of transport infrastructure, based on a sample of 563 estimates obtained from 33 studies.
Journal ArticleDOI
Network effects of public transport infrastructure: evidence on Italian regions
TL;DR: In this paper, the authors contribute to the empirical literature on the size of network effects of public infrastructures and find evidence that this influence is mostly attributable to the impact of co-ordinated public policy shocks, as predicted by the literature on network externalities.
Journal ArticleDOI
Spatial spillover effects of transport infrastructure: evidence from Chinese regions
TL;DR: In this article, the authors examined the possibility of spatial spillover effects of transport infrastructure in Chinese regions and estimated the regional spillovers of the transport infrastructure stock by applying a spatial Durbin Model for the time-period 1978-2009, and also three sub-periods, 1978-1990, 1991-2000 and 2001-2009.
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Empirical analysis of transportation investment and economic development at state, county and municipality levels
TL;DR: In this article, the authors investigated the relationship between transportation infrastructure investment and economic development and provided a plausible explanation by using alternative econometric models, applying them to a database, which is composed of longitudinal state, county and municipality observations from 1990 to 2000.
Journal ArticleDOI
Impacts of Transport Infrastructure on Productivity and Economic Growth: Recent Advances and Research Challenges
TL;DR: In this paper, the authors provide an update of the survey focusing on estimating the contribution of transport infrastructure to productivity and economic growth and discuss possible reasons behind the conflicting results reported in the literature on the elasticity of economic output with respect to transport infrastructure investment.
References
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Journal ArticleDOI
Investigating Causal Relations by Econometric Models and Cross-Spectral Methods
TL;DR: In this article, the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.
Journal ArticleDOI
Spurious regressions in econometrics
Clive W. J. Granger,P. Newbold +1 more
TL;DR: In this paper, it is pointed out that it is very common to see reported in applied econometric literature time series regression equations with an apparently high degree of fit, as measured by the coefficient of multiple correlation R2 or the corrected coefficient R2, but with an extremely low value for the Durbin-Watson statistic.
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Is public expenditure productive
TL;DR: In this paper, the relationship between aggregate productivity and stock and flow government-spending variables is investigated and the empirical results indicate that the non-military public capital stock is dramatically more important in determining productivity than is either the flow of nonmilitary or military spending, and that military capital bears little relation to productivity.
Posted Content
Fiscal Policy and Economic Growth: An Empirical Investigation
William Easterly,Sergio Rebelo +1 more
TL;DR: In this paper, the empirical regularities relating fiscal policy variables, the level of development and the rate of growth are described, and they employ historical data, recent cross-section data, and newly constructed public investment series.
Journal ArticleDOI
Fiscal policy and economic growth
William Easterly,Sergio Rebelo +1 more
TL;DR: In this paper, the empirical regularities relating fiscal policy variables, the level of development, and the rate of growth are described, and they employ historical data, recent cross-section data and newly constructed public investment series.