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Title: Does High-Speed Rail Generate Spillovers on Local Budgets
Author: Hernández Vieira, Aday
Jiménez González, Juan Luis
Keywords: Transport ferroviari
Infraestructures (Transport)
Pressupostos locals
Sistemes d'informació geogràfica
Railroad transportation
Transportation buildings
Local budgets
Geographic information systems
Issue Date: 2014
Publisher: Universitat de Barcelona. Facultat d'Economia i Empresa. Economia i territori. Càtedra Pasqual Maragall
Series/Report no: [WP E-CPM14/01]
Abstract: Many developed countries have boosted investment into High-Speed Rail (HSR). This infrastructure is costly and requires high investment during the construction and operation periods, which is mainly financed with public funds. This economic effort is seldom set off, which leads to subsidies with the money collected from public debt growth or tax pressure increases. The question that immediately emerges is whether the entrance of this new infrastructure generates spillovers at the local level. In this paper, we answer this question by using local data on economic activity, unicipalities’ characteristics and local public budgets in Spain for the past decade (2001–2010). To approach to this problem, we use GIS tools and build a database to estimate the impact by considering difference-in-difference analysis. Our estimations yield a general conclusion: when HSR comes to town, both local revenues and the local fiscal gap improve by 10% and 16%, respectively. These improvements primarily affect municipalities located within 5 km of an HSR station.
Note: Reproducció del document publicat a:
It is part of: Càtedra Pasqual Maragall d'Economia i Territori – Documents de treball, WP 01/2014
Appears in Collections:Documents de Treball (Càtedra Pasqual Maragall d'Economia i Territori)

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