The impact of governmental highway investments on local economic outcome in the post-highway era

The impact of governmental highway investments on local economic outcome in the post-highway era Interest in the role of governmental transportation investments in economic outcomes is on the rise, but empirical evidence on the linkage in the post-highway era is limited and the demonstration remains challenging. This study investigates the linkage at the county level using a mixed-effects model and a panel dataset of Texas from 1990 to 2012. It finds that highway investments have a positive but limited effect on county jobs after controlling for spillover, time lag, and other random effects. The empirical evidence with new data and a flexible modeling technique offer potential for future studies and policy debate. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Transportation Research Part A: Policy and Practice Elsevier

The impact of governmental highway investments on local economic outcome in the post-highway era

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Publisher
Elsevier
Copyright
Copyright © 2018 Elsevier Ltd
ISSN
0965-8564
eISSN
1879-2375
D.O.I.
10.1016/j.tra.2018.04.023
Publisher site
See Article on Publisher Site

Abstract

Interest in the role of governmental transportation investments in economic outcomes is on the rise, but empirical evidence on the linkage in the post-highway era is limited and the demonstration remains challenging. This study investigates the linkage at the county level using a mixed-effects model and a panel dataset of Texas from 1990 to 2012. It finds that highway investments have a positive but limited effect on county jobs after controlling for spillover, time lag, and other random effects. The empirical evidence with new data and a flexible modeling technique offer potential for future studies and policy debate.

Journal

Transportation Research Part A: Policy and PracticeElsevier

Published: Jul 1, 2018

References

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