A Political Economy Model of Infrastructure Allocation : An Empirical Assessment

@inproceedings{Cadot1999APE,
  title={A Political Economy Model of Infrastructure Allocation : An Empirical Assessment},
  author={Olivier Cadot and Lars-Hendrik R{\"o}ller and Andreas Stephan},
  year={1999}
}
A Political Economy Model of Infrastructure Allocation: An Empirical Assessment by Olivier Cadot, Lars-Hendrik Röller, and Andreas Stephan* This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in production-function estimates and generate testable hypotheses on… CONTINUE READING