New road infrastructure: The effects on firms
By S. Gibbons, Teemu Lyytikäinen, Henry G. Overman, R. Sanchis-Guarner. Journal of Urban Economics, 2019
261 citations recorded by the source corpus.
This paper estimates the impact of new road infrastructure on employment and productivity using plant level longitudinal data for Britain. Exposure to transport improvements is measured through changes in accessibility, which is calculated at a detailed geographical scale from changes in minimum journey times along the road network. These changes are induced by the construction of new road link schemes. We deal with the potential endogeneity of scheme location by identifying the effects of changes in accessibility from variation across wards close to the scheme. We find substantial positive effects on employment and numbers of plants for small-scale geographical areas (electoral wards). In contrast, for firms already in the area we find negative effects on employment coupled with increases in output per worker and wages. A plausible interpretation is that new transport infrastructure attracts transport intensive firms to an area, but with some cost to employment in existing businesses.
Subfields: Economics and Econometrics, Transportation
View Paper: https://www.semanticscholar.org/paper/b4b7ed459dadcc8f35a643e5edcbc26fe931e5b3
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Jeronimo Carballo
- A. Cusolito
- Christian Volpe Martincus
- Yan Xu
- M. Roberts
- Théophile Bougna
- Martin Melecky
- Eric A. Hanushek
In Transportation
Citations in the corpus
- Roads, exports and employment: Evidence from a developing country (2017, background): “1 With only a few exceptions (see, e.g., Gibbons et al., 2012 and Garcia López et al., 2013), most studies on developed countries focus on the United States.”
- Place-Based Policies and Spatial Disparities across European Cities (2020, unknown): “For example, looking at incremental changes in UK road infrastructure, Gibbons et al. (2019) find substantial positive effects on area employment and number of establishments.”
- Transport Corridors and Their Wider Economic Benefits (2018, background): “12 the United Kingdom (Gibbons et al. 2016)—as the unit of analysis (figure 7, panel a).”