NDLI: Government Quality and the Economic Returns of Transport Infrastructure Investment in European Regions

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Government Quality and the Economic Returns of Transport Infrastructure Investment in European Regions

Content Provider	Semantic Scholar
Author	Crescenzi, Riccardo Cataldo, Marco Di Rodríguez-Pose, Andrés
Copyright Year	2015
Abstract	Transport infrastructure investment is a cornerstone of growth-promoting strategies. However, in the case of Europe the relevant literature is increasingly failing to find a clear link between infrastructure investment and economic performance. 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 EU regions during the period between 1995 and 2009. The results unveil a strong influence of regional quality of government on the economic returns of transport infrastructure. In weak institutional contexts, investments in motorways – the preferred option by local governments – yield significantly lower returns than the more humble but possibly more efficient secondary road. Government institutions also affect the returns of transport maintenance investment.
Starting Page	555
Ending Page	582
Page Count	28
File Format	PDF HTM / HTML
DOI	10.1111/jors.12264
Volume Number	56
Alternate Webpage(s)	http://econ.geo.uu.nl/peeg/peeg1535.pdf
Alternate Webpage(s)	http://www.lse.ac.uk/Geography-and-Environment/Assets/Documents/CVs/Chapter-3-MDC.pdf
Alternate Webpage(s)	https://doi.org/10.1111/jors.12264
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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