This paper illustrates the story of the Port of Gioia Tauro, a major infrastructure investment co-financed by the European Regional Development Fund in the period 1994-1998, but whose origin dates back to the beginning of the 1970s. It draws from a recent ex-post evaluation carried out for the...

We analyse the impacts that infrastructure provision has on long run urban development. The topic is of major importance to policy-makers when deciding whether or not to invest in major infrastructure projects. The analysis helps policy-makers to understand the intended, and potentially...

This paper estimates the effects of airports on economic growth in US metropolitan areas. The estimation uses a novel technique to identify the effects of changes in local airport sizes from overall changes in the air travel network. Airport size is found to have a positive effect on local...

This paper evaluates how changes in the provision of HSR services do affect Tourism outcomes in Spain, a touristic country that has the longest and newest HSR network in Europe. The empirical strategy is based on Differences in Differences panel data methods with double fixed effects. Main data...

By focusing on the impacts of investment in the disaster areas for reconstruction on the demand-side effects, the purpose of this study is to measure the economic impacts and regional spillover effects of investment for reconstruction. After the Great East Japan Earthquake of 2011, government...

We develop a Financial Computable General Equilibrium Model (FCGE) model that can analyse the economic impacts of the infrastructure investment projects and their financing options on growth and distribution in Indonesia economy. It is possible to estimate growth and distributional effects of...

Using a natural experiment from Germany, we show that temporary place-based subsidies generate persistent effects on economic density. We identify employment and capital formation as main channels for higher income per square kilometer. As the spatial regression discontinuity design allows us to...

This paper exploits the deregulation of the European aviation market as a quasi-natural experiment to examine if the expansion of regional airports in Germany caused positive spillover effects on the surrounding economy. Such spillovers might justify the heavy subsidies which are transferred to...

Viele Kommunen in Deutschland haben bei der Realisierung von Investitionsprojekten einen hohen Bedarf an externer Beratung und Unterstützung. Dies ergibt sich aus einer vom Bundesministerium für Wirtschaft und Energie durchgeführten Befragung unter kommunalen Finanzverantwortlichen. Ein...

Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...