Handbook of Regional Growth and Development Theories
Show Less

Handbook of Regional Growth and Development Theories

Revised and Extended Second Edition

Edited by Roberta Capello and Peter Nijkamp

Regional economics – an established discipline for several decades – has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments. This fully revised and updated Handbook brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The aim is to present the most cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas between regional and mainstream economists. It will be an essential source of reference and information for both scholars and students in the field.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 9: Infrastructure and regional development

Johannes Bröcker, Dirk Dohse and Piet Rietveld

Abstract

This chapter deals with the impact of infrastructure on regional output, productivity and welfare, focusing on transport infrastructure. After discussing definitions, measurement and impact of infrastructure in general terms, the empirical literature on the productivity effects of infrastructure is reviewed in detail. Important themes are the specification of services provided with infrastructure, spatial spillovers, and, in particular, the rapidly growing literature dealing with causality issues. The chapter then shifts the focus from the macro to the micro perspective and from gross domestic producy effects to welfare effects. Spatial computable equilibrium modelling is introduced as an advanced technique for assessing regional welfare as well as distributional effects of infrastructure. However, this technique is data demanding; reliable parameters are often lacking, and the underlying theory is typically not tested. Gravity analysis is presented as a simplified, though well micro-founded alternative. Final thoughts are devoted to the widely discussed issue of wider economic effects that traditional evaluation methods typically do not account for.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.