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Public surface transportation and regional output: A spatial panel approach
Author(s) -
Chen Zhenhua,
Haynes Kingsley E.
Publication year - 2015
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/pirs.12092
Subject(s) - spillover effect , public transport , panel data , transportation infrastructure , stock (firearms) , public infrastructure , business , transport engineering , economics , econometrics , geography , engineering , microeconomics , political science , law , archaeology
This paper studies regional impact of three mature public surface transportation infrastructures in the N ortheast corridor of the US : highway, public railway and public transit. Infrastructure stock is valued in real terms from 1991 to 2009. A spatial panel approach with fixed effects is adopted to test the hypothesis of spillovers by allowing for spatial dependence. The result shows that public surface transportation infrastructure in general does have a significant impact on regional output, most of which is from spillover effect; highways have an overwhelming influence through both local effects and spillover effects. The impacts from public railway and public transit are not significant, but transit does show a positive though small spillover effect.