Highways and firm performance in the logistics industry

Using detailed geo-referenced data we analyse the effects of highway development on firm level performance in the Spanish logistics sector. To address potential endogeneity issues we carry out panel data analysis together with instrumental variable estimation. Results show that highways have signifi...

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Bibliographic Details
Published in:Journal of transport geography 2018-10, Vol.72, p.139-150
Main Authors: Holl, Adelheid, Mariotti, Ilaria
Format: Article
Language:English
Subjects:
Data analysis
Data processing
Geography
Heterogeneity
Highways
Logistics
Productivity
Reduction
Roads & highways
Spatial heterogeneity
Transportation
Transportation corridors
Urban-rural
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Summary:Using detailed geo-referenced data we analyse the effects of highway development on firm level performance in the Spanish logistics sector. To address potential endogeneity issues we carry out panel data analysis together with instrumental variable estimation. Results show that highways have significant implications for logistics' firm performance, although with important spatial heterogeneity. For urban logistics firms, a reduction in the distance to their nearest highway increases their productivity performance. In contrast, for rural logistics firms, improvements in highway access show a positive impact on employment growth but have also led to a reduction in productivity growth for those rural logistics firms that remained outside highway corridors.
ISSN:0966-6923
1873-1236
DOI:10.1016/j.jtrangeo.2018.08.021