The spatial spillover effect of transport infrastructures in the Greek economy (2000–2013): A panel data analysis. (September 2022)

• Record Type: Journal Article
• Authors: Marinos, Theocharis; Belegri-Roboli, Athena; Michaelides, Panayotis G.; Konstantakis, Konstantinos Ν.
• Is Part Of: Research in transportation economics. Volume 94(2022)
• Publication Date: 2022-09
• Subjects: Spatial spillover effect -- Regional development -- Dynamic durbin spatial model -- Capital stock of transport infrastructures; Transportation -- Periodicals; 388.05
• DOI: 10.1016/j.retrec.2022.101179
• Languages: English
• ISSNs: 0739-8859

Abstract

Abstract: The purpose of this paper is the estimation of the spatial spillover effect of transportation infrastructures in the Greek economy. To this end, a dynamic Durbin spatial model is applied on a panel dataset, consisting of the gross domestic product, the net capital stock of private sector, the employment and the net capital stock of transport infrastructures across the Greek regions, during the period 2000–2013, and for several spatial weight matrix specifications. According to our results, the spillover effects of transport infrastructures are present and statistically significantly affect the regional product. Additionally, based on our findings, the direct effect of the highways capital stock is higher than the direct effect of airports and ports, respectively. Finally, the aggregate effect of transport capital stock is lower than its indirect effects when disaggregated by transport-type.