Death of Distance? Economic Implications of Infrastructure Improvement in Russia

We examine the economic implications of infrastructure investment policies that try to improve economic conditions in Russia's peripheral regions. Our analysis of firm-level industrial data for 1989 and 2004 highlights a 'death of distance' in industrial location, with increasing conc...

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Main Authors:	Brown, David, Fay, Marianne, Lall, Somik V., Wang, Hyoung Gun, Felkner, John
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	National Government Expenditures and Related Policies: Infrastructures Other Public Investment and Capital Stock H540 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Regional Economic Activity: Growth, Development, and Changes R110 Other Production and Pricing Analysis R320 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580
Online Access:	http://hdl.handle.net/10986/5461

id	okr-10986-5461
recordtype	oai_dc
spelling	okr-10986-54612021-04-23T14:02:22Z Death of Distance? Economic Implications of Infrastructure Improvement in Russia Brown, David Fay, Marianne Lall, Somik V. Wang, Hyoung Gun Felkner, John National Government Expenditures and Related Policies: Infrastructures Other Public Investment and Capital Stock H540 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Regional Economic Activity: Growth, Development, and Changes R110 Other Production and Pricing Analysis R320 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580 We examine the economic implications of infrastructure investment policies that try to improve economic conditions in Russia's peripheral regions. Our analysis of firm-level industrial data for 1989 and 2004 highlights a 'death of distance' in industrial location, with increasing concentration of new firms in regions with good market access. We assess the geographic determinants of growth econometrically and identify market size and proximity to Moscow and regional infrastructure as important drivers of productivity for new and for privately-owned firms. Simulations show that the benefits of infrastructure improvements are highest in the country's capital region where economic activity is already concentrated. Policies that divert public investment towards peripheral regions run the risk of slowing down national economic growth. 2012-03-30T07:32:56Z 2012-03-30T07:32:56Z 2008 Journal Article EIB Papers 02577755 http://hdl.handle.net/10986/5461 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	National Government Expenditures and Related Policies: Infrastructures Other Public Investment and Capital Stock H540 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Regional Economic Activity: Growth, Development, and Changes R110 Other Production and Pricing Analysis R320 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580
spellingShingle	National Government Expenditures and Related Policies: Infrastructures Other Public Investment and Capital Stock H540 Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics P250 Regional Economic Activity: Growth, Development, and Changes R110 Other Production and Pricing Analysis R320 Public Facility Location Analysis Public Investment and Capital Stock R530 Regional Development Policy R580 Brown, David Fay, Marianne Lall, Somik V. Wang, Hyoung Gun Felkner, John Death of Distance? Economic Implications of Infrastructure Improvement in Russia
geographic_facet	Russian Federation
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We examine the economic implications of infrastructure investment policies that try to improve economic conditions in Russia's peripheral regions. Our analysis of firm-level industrial data for 1989 and 2004 highlights a 'death of distance' in industrial location, with increasing concentration of new firms in regions with good market access. We assess the geographic determinants of growth econometrically and identify market size and proximity to Moscow and regional infrastructure as important drivers of productivity for new and for privately-owned firms. Simulations show that the benefits of infrastructure improvements are highest in the country's capital region where economic activity is already concentrated. Policies that divert public investment towards peripheral regions run the risk of slowing down national economic growth.
format	Journal Article
author	Brown, David Fay, Marianne Lall, Somik V. Wang, Hyoung Gun Felkner, John
author_facet	Brown, David Fay, Marianne Lall, Somik V. Wang, Hyoung Gun Felkner, John
author_sort	Brown, David
title	Death of Distance? Economic Implications of Infrastructure Improvement in Russia
title_short	Death of Distance? Economic Implications of Infrastructure Improvement in Russia
title_full	Death of Distance? Economic Implications of Infrastructure Improvement in Russia
title_fullStr	Death of Distance? Economic Implications of Infrastructure Improvement in Russia
title_full_unstemmed	Death of Distance? Economic Implications of Infrastructure Improvement in Russia
title_sort	death of distance? economic implications of infrastructure improvement in russia
publishDate	2012
url	http://hdl.handle.net/10986/5461
_version_	1764395127182196736

Death of Distance? Economic Implications of Infrastructure Improvement in Russia

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