The spatial impact of local infrastructural investment in New Zealand

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dc.contributor.authorCochrane, William
dc.contributor.authorGrimes, Arthur
dc.contributor.authorMcCann, Philip
dc.contributor.authorPoot, Jacques
dc.date.accessioned2010-07-15T04:34:05Z
dc.date.available2010-07-15T04:34:05Z
dc.date.issued2010
dc.description.abstractIn this paper we estimate the impact of local authority infrastructure spending in New Zealand using spatial econometric modeling, with the infrastructure spending itself endogenously determined. Utilizing data from the New Zealand Census and Local Authorities Finance data (1991-2008), aggregated to functional labor market areas, we formulate a simultaneous equations growth model of real income, population, land rent and public infrastructure investment. Estimation is conducted using a spatial 3SLS procedure. We find that an increase in local infrastructure spending increases population growth, real income and land values, but is itself endogenous and spatially correlated.en_NZ
dc.format.mimetypeapplication/pdf
dc.identifier.citationCochrane, W., Grimes, A., McCann, P. & Poot, J.(2010). The spatial impact of local infrastructural investment in New Zealand. Paper presented for the NZAE Annual Conference, 30 June – 2 July 2010, University of Auckland Business.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/4150
dc.language.isoen
dc.relation.urihttp://www.nzae.org.nz/conferences/2010/NZAE_Conference_Timetable_for_Website_23_06_10.pdfen_NZ
dc.rightsThis article has been presented for the NZAE Annual Conference, 30 June – 2 July 2010, University of Auckland Business. Used with permission.en_NZ
dc.subjectlocal infrastructureen_NZ
dc.subjecteconomic growthen_NZ
dc.subjectmigrationen_NZ
dc.subjectland valueen_NZ
dc.subjectspatial spilloveren_NZ
dc.titleThe spatial impact of local infrastructural investment in New Zealanden_NZ
dc.typeConference Contributionen_NZ
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