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Does regional infrastructure investment stimulate extra housing and commercial building supply? Long-run evidence across the English regions

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Ball, M. and Nanda, A., (2011) Does regional infrastructure investment stimulate extra housing and commercial building supply? Long-run evidence across the English regions. Working Papers in Real Estate & Planning. 11/11. Working Paper. University of Reading, Reading. pp25.

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Abstract/Summary

This paper uses long-term regional construction data to investigate whether increases infrastructure investment in the English regions leads to subsequent rises in housebuilding and new commercial property, using time series modeling. Both physical (roads and harbours) and social infrastructure (education and health) impacts are investigated across nine regions in England. Significant effects for physical infrastructure are found across most regions and, also, some evidence of a social infrastructure effect. The results are not consistent across regions, which may be due to geographical differences and to network and diversionary effects. However, the results do suggest that infrastructure does have some impact but follows differential lag structures. These results provide a test of the hypothesis of the economic benefits of infrastructure investment in an approach that has not been used before.

Item Type:Report (Working Paper)
Divisions:Henley Business School > Real Estate and Planning
ID Code:26963
Uncontrolled Keywords:Regional Variation, Infrastructure, Spill-over, Structural Break
Publisher:University of Reading
Publisher Statement:The copyright of each working paper remains with the author. If you wish to quote from or cite any paper please contact the appropriate author; in some cases a more recent version of the paper may have been published elsewhere.

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