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This paper examines the role of infrastructure in long run economic growth. The paper consists of two sections, the first concentrates on the theoretical role of government spending in models of growth and the second details examples of private participation in infrastructure development. Using a simple endogenous growth model we find that while the hypothesized benefits of infrastructure expen...

Macroeconomic data for the 14 major Indian states reveal the extent of inter-state differences in the pace of economic growth in the past decade. Rising regional inequality, as measured by an increase in the Gini-coefficient from 1986-87 to 1997-98, has important implications for poverty reduction. Because of state specific characteristics, the divergent patterns of economic growth witnessed in...

  The main purpose of this study is to estimate the maritime transportation elasticities of the environmental pollution and economic growth in Iran within the short-run and long-run to find out the relationships among maritime transportation, environmental pollution and economic growth. The lagged endogenous model (a dynamic log-linear model that we used) is estimated using two distinctive ...

For the past two decades, distressed rural communities throughout the United States have been turning to prisons as a rural development strategy. In many cases, communities have competed fiercely for correctional facilities and have provided costly incentives in the way of tax abatements and infrastructure development. As financially strapped local governments are finding it difficult to fund l...

This research paper aims to study the correlation between the transportation infrastructure and regional economic activity. It emphasizes on the seaport activity and the activities of the different services sectors. By comparing trends between them and analyzing the causality relationships between the port traffic and the other economic sectors, our study tends to present how the activity of th...

Economic and Spatial Determinants of Interregional Migration in Kazakhstan In this paper we analyze economic and spatial determinants of interregional migration in Kazakhstan using quarterly panel data on region to region migration in 2008-2010. In line with traditional economic theory we find that migration is determined by economic factors, first of all income: People are more likely to leave...

Assessments of the economic benefits of transportation infrastructure investments are critical to good policy decisions. At present, most such assessments are based of two types of studies: micro-scale studies in the form of cost-benefit analysis (CBA) and macro-scale studies in the form of national or regional econometric analysis. While the former type takes a partial equilibrium perspective ...