دانلود مقاله ISI انگلیسی شماره 86377
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
86377 2018 23 صفحه PDF سفارش دهید 22143 کلمه
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عنوان انگلیسی
The political economy of transportation investment
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Economics of Transportation, Volume 13, March 2018, Pages 4-26

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چکیده انگلیسی

Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily perceive. Consequently, national funding of transportation leads to overspending, since voters more readily perceive the upside of new projects than the future taxes that will be paid for distant highways. Yet when local voters are well-informed, the highly salient nuisances of local construction, including land taking and noise, lead to under-building. This framework explains the decline of urban mega-projects in the US (Altshuler and Luberoff, 2003) as the result of increasingly educated and organized urban voters. Our framework also predicts more per capita transportation spending in low-density and less educated areas, which seems to be empirically correct.

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