Tikoudis, Ioannis; Sundberg, Marcus; Karlström, Anders - In: The Journal of Transport and Land Use 5 (2012) 2, pp. 77-101
As a result of public investment, lower freight transport costs tend to translate into lower local price indices and are associated with equilibria characterized by higher output and consumption. In this paper we investigate an additional effect to these trade gains, namely the gains from better...