Large scale infrastructure investment and economic performance – a case study of Oresund |
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Authors: | Sandra Achten Lars Beyer Antje-Mareike Dietrich Dennis Ebeling Arne Steinkraus |
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Affiliation: | Institute of Economics, TU Braunschweig, Braunschweig, Germany |
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Abstract: | We analyse the effect of a large scale infrastructure investment, namely the construction of the Oresund bridge, on the local and supra-regional economy. We employ the synthetic control method to construct counterfactual regions that mimic the trajectory of Malmo and Southern Sweden without treatment. Our results point to a positive effect. However, placebo tests in space and time only reveal statistical significance at a larger regional level. The results suggest that spillover effects are eminent. |
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Keywords: | Synthetic control method policy evaluation infrastructure regional economics |
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