The Effects of Infrastructure on Regional Economic Performance
by Soojung Kim
ISBN-10: 3639038444
ISBN-13: 9783639038446
$64.00
Book Specs
Binding
Trade Paper
Publisher
VDM Verlag
Published on
Sep 1, 2008
Edition
st Edition
Dimensions
5.90x0.21x8.66 Inches
Weight
0.31 Pounds
About the Book
This study explores the relationship of highway infrastructure and regional economic growth using a labor market model of net migration. Typical net migration model is revised adding variables of demand and supply indicators of highway infrastructure and tested at the U.S. state- and metropolitan areas. This study found positive effects of highway infrastructure on state economic performance; both, the highway services demand indicator and the highway supply indicator performed as expected. Elasticity of net in-migration with respect to the per capita lanemiles of supply measure was between 0.129 and 0.454 and the elasticity with respect to vehicle-miles-traveled per lanemile of congestion measure was between - 0.511 and -0.015. The effects of the highway indicators are, however, weak at the MSA-level analysis, suggesting that highway infrastructure benefits spill over metro area boundaries and are experienced at a wider geographic scale.