Comparative political economy of regional transport infrastructure investment in Europe

Comparative analysis of the regional allocation of public capital in four European countries. * Political factors (swing voters and incumbency, congruence) affect regional allocation. * So do normative criteria (efficiency and equity). * Determinants depend on national political institutions (electoral system and federalism). * Results stable after controlling for endogenous productivity effects. We study the role of political institutions in the regional allocation of public infrastructure investments in France, Germany, Italy, and Spain. We estimate the regional variation in the allocation f... Mehr ...