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This introductory chapter of the publication illuminates the need for advanced infrastructure evaluation methods in developed economies, identifying fitting examples from EU member states. First, taking an historical (ex post) perspective improves the degree of realism in ex ante evaluations. Second, productivity plays a pivotal role in infrastructure evaluation, enabling the policy maker to appreciate...
The paper measures the contribution of public capital to private output using a simple meta-analysis and a meta-regression analysis based on panel data. We find an output elasticity of public capital of 0.14 in the random effects model, which is substantially smaller than the simple arithmetic average value of 0.20. Reported estimates of the output elasticity of public capital show considerable heterogeneity...
A survey of the literature shows that research in the effects of regional policy in many cases uses overly simple approaches and highly limiting assumptions. Only a small number of studies measure the effects of policy explicitly and in a scientifically adequate manner. This also goes for the effects of EU cohesion policy: the evidence is thin. Frequently, 50–75% of subsidized jobs and investment...
The paper describes Rotterdam post-war port policy making, exploring the policy background for investment in the large-scale Maasvlakte 1 port area. The description is followed by an ex post evaluation of investment in Maasvlakte 1 over the 1968–2002 period. The ex post costs and benefits of the investment provide new insights on the presumption of the Maasvlakte 1 harbour area within the port of...
This paper investigates on the impact of public capital on production in the Netherlands from a regional perspective. Based on a simple growth accounting exercise, the results indicate that investment in public capital contributed 17–21% to economic growth in the Netherlands between 1971 and 2000. In addition, the regression estimates suggest that a one percentage point increase in public capital...
The chapter investigates EU member states’ appraisal of indirect effects of transport investment. Indirect effects can be determining factors in cost–benefit analysis. They are particularly interesting because they are caused by investment-induced changes in market imperfections and national borders. Increasing mobility and decreasing returns to infrastructure networks urge for integrated appraisal...
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