Place-based public investment in regional infrastructure, the locational choice of firms and regional performance: The case of India

Nicholas Vasilakos; Alkis Theonas Pitelis; Nick Horsewood; Christos Pitelis

doi:10.1080/00343404.2022.2146666

Place-based public investment in regional infrastructure, the locational choice of firms and regional performance: The case of India

Nicholas Vasilakos, Alkis Theonas Pitelis, Nick Horsewood, Christos Pitelis

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Abstract

We discuss conceptual reasons for and propose public investment in regional infrastructure as a hybrid form of a place-based regional industrial policy aiming to foster the regional economic activity of lagging regions. We present and empirically test a baseline model using data for 14 Indian regions/states over a period of 39 years. Our results show that place-based regional infrastructure investments, particularly in electricity-generating capacity and width-adjusted length of national highways, positively impact the relative number of firms operating in a region and help foster its economic performance.

Original language	English
Pages (from-to)	1055-1068
Number of pages	14
Journal	Regional Studies
Volume	57
Issue number	6
Early online date	26 Jan 2023
DOIs	https://doi.org/10.1080/00343404.2022.2146666
Publication status	Published - Jun 2023

Keywords

India
economic activity
public infrastructure
spillovers

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10.1080/00343404.2022.2146666Licence: CC BY-NC-ND

Vasilakos_etal_2023_RegionalStudiesFinal published version, 1.12 MBLicence: CC BY-NC-ND

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Place-based public investment in regional infrastructure, the locational choice of firms and regional performance: The case of India

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Keywords

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