TY - JOUR
T1 - Highway infrastructure investment and county employment growth
T2 - A dynamic panel regression analysis
AU - Jiwattanakulpaisarn, Piyapong
AU - Noland, Robert B.
AU - Graham, Daniel J.
AU - Polak, John W.
PY - 2009
Y1 - 2009
N2 - This paper uses recent advances in dynamic panel econometrics to examine the impact of highway infrastructure on aggregate county-level employment using data for all 100 North Carolina counties from 1985 through 1997. Results are compared to models that do not take endogeneity of highway investment and dynamics of employment adjustment into account. Fully specified dynamic models are found to give insignificant results compared to these other models. Thus, when these issues are properly modeled, the results show that improvements in highways have no discernible impact on employment.
AB - This paper uses recent advances in dynamic panel econometrics to examine the impact of highway infrastructure on aggregate county-level employment using data for all 100 North Carolina counties from 1985 through 1997. Results are compared to models that do not take endogeneity of highway investment and dynamics of employment adjustment into account. Fully specified dynamic models are found to give insignificant results compared to these other models. Thus, when these issues are properly modeled, the results show that improvements in highways have no discernible impact on employment.
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U2 - 10.1111/j.1467-9787.2008.00579.x
DO - 10.1111/j.1467-9787.2008.00579.x
M3 - Article
AN - SCOPUS:65449149037
VL - 49
SP - 263
EP - 286
JO - Journal of Regional Science
JF - Journal of Regional Science
SN - 0022-4146
IS - 2
ER -