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A platform for research: civil engineering, architecture and urbanism
The efficiency of transport infrastructure investment and the role of government quality: An empirical analysis
Abstract In this article we analyze the efficiency of total transport investment in a sample of 34 countries over the period 1996 to 2010. We do so by way of Data Envelopment Analysis that evaluates countries according to their ability to achieve the maximum attainable infrastructure quantity and usage for a given investment volume. We find that the Central European countries, New Zealand and Japan are the most efficient when investing in transport infrastructure while the Eastern European countries, Russia, Turkey and Mexico are the least so. We moreover consider the role played by government quality when explaining cross-country differences in investment efficiency, based on truncated panel (and bootstrapped) regressions. We confirm the positive impact of government quality on efficiency even after controlling for a range of potentially confounding variables. Our analysis generates important policy implications for those concerned with the efficiency of transport infrastructure.
Highlights We consider the efficiency of transport investment in a sample of 34 countries. Efficiency is measured in terms of quantity and usage of infrastructure for a given level of investment. We employ Data Envelopment Analysis and truncated panel regressions. The Central European countries, New Zealand and Japan are the most efficient while Eastern Europe, Russia, Turkey and Mexico are the least so. Government quality is an important driver of efficiency differences across countries.
The efficiency of transport infrastructure investment and the role of government quality: An empirical analysis
Abstract In this article we analyze the efficiency of total transport investment in a sample of 34 countries over the period 1996 to 2010. We do so by way of Data Envelopment Analysis that evaluates countries according to their ability to achieve the maximum attainable infrastructure quantity and usage for a given investment volume. We find that the Central European countries, New Zealand and Japan are the most efficient when investing in transport infrastructure while the Eastern European countries, Russia, Turkey and Mexico are the least so. We moreover consider the role played by government quality when explaining cross-country differences in investment efficiency, based on truncated panel (and bootstrapped) regressions. We confirm the positive impact of government quality on efficiency even after controlling for a range of potentially confounding variables. Our analysis generates important policy implications for those concerned with the efficiency of transport infrastructure.
Highlights We consider the efficiency of transport investment in a sample of 34 countries. Efficiency is measured in terms of quantity and usage of infrastructure for a given level of investment. We employ Data Envelopment Analysis and truncated panel regressions. The Central European countries, New Zealand and Japan are the most efficient while Eastern Europe, Russia, Turkey and Mexico are the least so. Government quality is an important driver of efficiency differences across countries.
The efficiency of transport infrastructure investment and the role of government quality: An empirical analysis
Kyriacou, Andreas P. (author) / Muinelo-Gallo, Leonel (author) / Roca-Sagalés, Oriol (author)
Transport Policy ; 74 ; 93-102
2018-11-29
10 pages
Article (Journal)
Electronic Resource
English
Government and transport infrastructure - investment
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