Contribution of transportation investments to county output

Kaan Ozbay, Dilruba Ozmen-Ertekin, Joseph Berechman

Research output: Contribution to journalArticle

Abstract

The impact of highway investments on economic development is investigated. Spatial and temporal aspects of transportation investments are studied by analyzing lagged and spillover effects, and the contribution of past output levels to the current output using a dynamic model. County level data from 1990-2000, in New York/New Jersey metropolitan area is used. Results show that the spillover effects decrease with distance from the investment location, that there is a positive time lag effect between the time the investment is made and its impact on output, and that the current level of output depends heavily on past levels.

Original languageEnglish (US)
Pages (from-to)317-329
Number of pages13
JournalTransport Policy
Volume14
Issue number4
DOIs
StatePublished - Jul 2007

Fingerprint

spillover effect
investment location
metropolitan area
economic development
road
Dynamic models
agglomeration area
Economics
county
economics
time
effect

Keywords

  • Causality
  • Dynamic effects
  • Highway capital
  • Highway investment
  • Lagged variables
  • Private capital
  • Spillover effects

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Law
  • Transportation

Cite this

Contribution of transportation investments to county output. / Ozbay, Kaan; Ozmen-Ertekin, Dilruba; Berechman, Joseph.

In: Transport Policy, Vol. 14, No. 4, 07.2007, p. 317-329.

Research output: Contribution to journalArticle

Ozbay, K, Ozmen-Ertekin, D & Berechman, J 2007, 'Contribution of transportation investments to county output', Transport Policy, vol. 14, no. 4, pp. 317-329. https://doi.org/10.1016/j.tranpol.2007.03.004
Ozbay, Kaan ; Ozmen-Ertekin, Dilruba ; Berechman, Joseph. / Contribution of transportation investments to county output. In: Transport Policy. 2007 ; Vol. 14, No. 4. pp. 317-329.
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