A macroeconomic analysis of the public investments in European combined transport

Intermodal transport has been recognized as a priority by the European Union, that has defined different budget allocations of investments to improve the shifting from road to intermodal transport, which is more sustainable. In this context, the main aim of the paper is to discuss the macroeconomic...

Full description

Saved in:
Bibliographic Details
Published in:Empirical economics 2010-08, Vol.39 (1), p.167-181
Main Author: Berrittella, Maria
Format: Article
Language:English
Subjects:
Commodities
Decomposition
Econometrics
Economic growth
Economic models
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Environmental policy
Equilibrium
Finance
Foreign exchange rates
Insurance
Intermodal transportation
International organizations
Macroeconomics
Management
Original Paper
Public sector
Sensitivity analysis
Statistics for Business
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Intermodal transport has been recognized as a priority by the European Union, that has defined different budget allocations of investments to improve the shifting from road to intermodal transport, which is more sustainable. In this context, the main aim of the paper is to discuss the macroeconomic effects, in terms of economic growth, welfare and trade, of these public investments for combined transport, which aspects have been neglected in literature. A multi-country computable general equilibrium model has been used. The main results have been that the European Union benefits from these investments, but at international level, USA and Japan would lose in terms of welfare. Furthermore, the welfare change has been decomposed in its components and the results show that the trade effects are higher than the allocative effects. The robustness of the results has been tested over time and by a sensitivity analysis of the exchange rate.
ISSN:0377-7332
1435-8921
DOI:10.1007/s00181-009-0299-1