INFRASTRUCTURE IN THE FRAMEWORK OF PRODUCTION FUNCTIONS: EVIDENCE OF EU MEMBER STATES AT THE REGIONAL LEVEL
利用2000-2019年欧盟28国NUTS 2区域数据，评估交通和ICT基础设施对产出的影响，发现高速公路和互联网基础设施显著促进生产，且政府质量越高、腐败越少，基础设施的产出效应越大。
Infrastructure development is seen as an essential tool for boosting economic growth. Infrastructure is funded under various programs to contribute to economic growth, and reduce regional disparities. Evaluations of the results achieved have to be carried out to develop efficient infrastructure development and investment allocation policy. This is highlighted in both the reports of policymakers and scientific publications. The main limitation of these studies is that they focus on assessing the return on infrastructure development at the national level, leaving the question of what outcomes were achieved at the regional level. This article aims to evaluate the economic outcomes of transport and ICT infrastructure development at the NUTS 2 regional level in the EU-28 countries, using 2000–2019 data. The research is based on the neoclassical production function complementing it with an infrastructure indicator. Based on previous research, it is hypothesized that economic outcomes may depend on the institutional environment of the region. Consequently, the research model specification is supplemented by government quality as a possible moderator. Research findings suggest just motorway and internet infrastructure are significantly positively related to production outcomes. Estimations show higher government quality and less corruption are related to the bigger production output of the infrastructure input.