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Building European Cities, Shaping Economies: The Roles of Infrastructure and Demographics in Urban Economic Performance (2017–2022)

Year: 2024

Type: article

Abstract: This study examines the interplay between urban policy interventions, infrastructure investments, and economic and labor market outcomes in large metropolitan areas from 2017 to 2022. We have employed empirical research to unravel the phenomena among these domains by employing a comprehensive dataset comprising gross value added (GVA), compensation of employees, gross fixed capital formation, environmental taxes, trade, employment, and time series data for demographic cohort transitions. Through a linear regression analysis, we uncovered strong positive associations between gross fixed capital formation and GVA and employment per capita, highlighting the critical role of infrastructure in driving urban economic growth. We also scrutinize how population dynamics—natural population changes and net migration—affect economic performance, offering valuable insights for evidence-driven urban policy. This research informs sustainable urban economic development policies and contributes significantly to the urban economics discourse.

Source: Urban Science

DOI: 10.3390/urbansci8040263

Authors: Evgenia Anastasiou, Dimitrios Karkanis, Stavros Kalogiannidis, George Konteos

Institutions: University of Thessaly, University of Macedonia, University of Western Macedonia

Language: English

Topic: Regional Economics and Spatial Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Sustainable cities and communities, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,819