| In the section | Articles |
| Title of the article | Transport Infrastructure and Economic Growth: Spatial Effects |
| Pages | 57-73 |
| Author 1 | Artyom Gennadyevich Isaev Candidate Economics, Section Head. Economic Research Institute FEB RAS 153 Tikhookeanskaya Street, Khabarovsk, Russia, 680042 This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Abstract | The author specifies an empirical framework of neoclassical growth model in order to examine impact of transport infrastructure on economic growth in Russian regions during period of 2000-2013. Two different effects of infrastructure are considered. First, infrastructure is viewed as part of region’s own production function. Second, infrastructure generates spillover effect on adjacent regions’ economic performance which can be negative or positive. Results imply that road infrastructure has a positive influence on regional growth, but sign of railroad infrastructure coefficient depends on whether or not congestion effect is considered. Negative spillover effect is shown to exist in the case of road infrastructure. This apparently means that rapid road infrastructure development in some regions moves mobile factors of production away from adjacent regions retarding their economic development. The spillover effect of railroad infrastructure is significant and negative again only if congestion effect is considered. The results of estimation for the Far East and Baikal Regions separately demonstrate no significant effect of both types of infrastructure for economic performance and negative spillover effect of road infrastructure. |
| Code | 330+332 |
| DOI | 10.14530/se.2015.3.057-073 |
| Keywords | ♦ regional growth ♦ transport infrastructure ♦ spatial externalities ♦ Russian regions ♦ generalized method of moments |
| Download | SE.2015.3.057-073.Isaev.pdf |
| For citation | Isaev A.G. Transport Infrastructure and Economic Growth: Spatial Effects. Prostranstvennaya Ekonomika = Spatial Economics, 2015, no. 3, pp. 57-73. DOI: 10.14530/se.2015.3.057-073. (In Russian). |
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