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Title: Introducing Railway Time in the Balkans. Economic effects of railway construction in Southeast Europe and beyond since early 19th century until present days
Author: Jestl, Stefan
Alvarez-Palau, Eduard J.
Holzner, Mario
Martí Henneberg, Jordi
Keywords: historical analysis
railway
infrastructure
Balkans
Southeast Europe
backwardness
urban development
economic development
railway accessibility
infrastructural spillovers
multilevel model
Issue Date: May-2016
Publisher: The Vienna Institute for International Economic Studies, Wiiw
Citation: Alvarez,E. ;Holzner, M.; Jestl, S.; Marti-Henneberg, J.(2016). "Introducing Railway Time in the Balkans. Economic effects of railway construction in Southeast Europe and beyond since early 19th century until present days". wiiw Balkan Observatory Working Paper, 121, May 2016.
Abstract: In this paper we analyse the economic effects of railway infrastructure at the national level for European countries as well as at the local level for Southeast European cities based on a novel railway database capturing decades of the 19th century up to the early 21th century. A panel fixed effects regression analysis at the country level indicates a positive economic impact emanating from railway infrastructure, whereby the e ect appears to be even stronger for less developed Southeast European countries. In addition, a linear spatially augmented multilevel model at the city level sheds light on the positive effects resulting from railway infrastructure on urban development. Its positive spillover effects occur within countries as well as across borders.
Description: Peer-reviewed
Language: English
URI: http://hdl.handle.net/10609/74590
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