Year: 2007
Type: article
Abstract: High capacity road networks constitute an essential element of territorial structure and generate important economic effects. However, they have been subject to very little research, mainly due to the lack of data of this type of capital with respect to time and geographical scope. This article is based on an estimate of this component of public capital in Spanish regions from 1970 to 1998, performed by the authors, to evaluate the economic sector impact of such infrastructure. Results show a positive and significant effect on the private sector of the economy, in which the agriculture and industrial sectors have most benefited from this type of infrastructure development in Spain. The research focuses on the spillover effects derived from network infrastructure. The evidence obtained supports the hypothesis that high capacity road capital in adjacent regions and regions with similar social and economic features also has an effect on regional private capital.
Institutions: Universidad Autónoma de Madrid, Universidad Rey Juan Carlos
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W1603325558