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Contribution to Productivity or Pork Barrel?: The Two Faces of Infrastructure Investment
HEC Lausanne, CERDI and CEPR, Switzerland.
Humboldt Universität zu Berlin and CEPR, Germany.
DIW Berlin, Germany;WZB, Germany.ORCID iD: 0000-0001-5776-9396
2006 (English)In: Journal of Public Economics, ISSN 0047-2727, E-ISSN 1879-2316, Vol. 90, no 6-7, p. 1133-1153Article in journal (Refereed) Published
Abstract [en]

This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in production–function estimates and generate testable hypotheses on the forces that shape infrastructure policy. Our empirical findings on a panel of France's regions over 1985–92 suggest that electoral concerns and influence activities were, indeed, significant determinants of the cross-regional allocation of transportation infrastructure investments. By contrast, we find little evidence of concern for the maximization of economic returns to infrastructure spending, even after controlling for pork-barrel.

Place, publisher, year, edition, pages
Elsevier, 2006. Vol. 90, no 6-7, p. 1133-1153
Keywords [en]
Economics, Nationalekonomi
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-107917DOI: 10.1016/j.jpubeco.2005.08.006OAI: oai:DiVA.org:lnu-107917DiVA, id: diva2:1611200
Available from: 2021-11-13 Created: 2021-11-13 Last updated: 2021-11-26Bibliographically approved

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Stephan, Andreas

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