Eres : Digital Library : Works

Paper eres2014_132:
Spillover effects of infrastructure spending

id eres2014_132
authors Nanda, Anupam; Jia-Huey Yeh
year 2014
title Spillover effects of infrastructure spending
source 21st Annual European Real Estate Society Conference in Bucharest, Romania
summary This paper examines the impact of local public expenditure on the built environment. The empirical framework is designed to address the endogenous feedback effects. Various types of expenditures are considered across 29 local areas in Taipei. Using panel data modelling that controls for unobserved heterogeneity, we find some significant effects of infrastructure investment on land values across many areas and, also, some evidence of a social expenditure effect. The local area differences are further explored to examine spillover effects. Spillover effect is not significant when rest of the region is taken into account. However, considerable spillover effects emerge when we focus on neighbouring areas. Also, results show interesting distinctions among various types of public expenditure. Overall, the results are reasonably robust across several model specifications and samples. The results do indicate that public expenditure have some impact and show interesting spatial patterns. These findings highlight important implications for local government policy, spatial planning and the role of public expenditure in local area economic development.
series ERES:conference
more &slot=2730
discussion No discussions. Post discussion ...
session J : PPF, PPP & Infrastructures
last changed 2014/10/21 21:51
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