Housing units with closer access to public transportation enjoy a higher market value than those with similar characteristics but poorer access. This difference can be explained by the less expensive cost of transport to the main workplaces and shopping areas in town. For this reason,...

Este trabajo utiliza una base de datos única para estudiar la valorización del entorno que genera el metro de Santiago en el precio de las viviendas. Utilizando una metodología que combina regresiones hedónicas con la estimación de estimadores de diferencia simple, se estima el grado de...

The paper analyses the infrastructure provision in East Germany mainly by an examination of existing literature. At the time of German unification 1990, infrastructure in East Germany was in a very bad condition. After more than ten years of rebuilding, most of the remaining need for...

This article describes world urbanization prospects, discovers some peculiarities of city growth in different regions, and makes the analysis of dependencies in economic growth and infrastructure investments. As a result, considerable discrepancies in urbanization process and its infrastructure...

This paper assesses the effects of public capital in Italy on the main macroeconomic aggregates: GDP, private capital and labour. A cointegrated vector autoregressive (VAR) model, in line with recent advancements in the field, allows us to take into account the complex nexus of direct and...

This article investigates the main sources of heterogeneity in regional efficiency. We estimate a translog stochastic frontier production function in the analysis of Spanish regions in the period 1964-1996, to attempt to measure and explain changes in technical efficiency. Our results confirm...

In the last twenty years, Interregional Transfers in the form of public infrastructures have been used as an instrument to reduce regional disparities in output levels. In this paper we provide theoretical foundation on the effects of such transfers on both regional output and regional welfare...

Many governments continue constructing new subway lines with the goal of reducing congestion and pollution in large cities. Besides the potential global effects on reducing negative externalities in the city, there are some local positive effects in terms of lower commuting time and distance for...

Using the case of the new stadiums for the FIFA World Cup 2006 in Germany, this paper is the first multivariate work that examines the potential income and employment effects of new stadiums outside of the USA. This study is also the first work on this topic that conducts tests on the basis of a...