In this paper, we analyze the effect of transport infrastructure investments in railways. As a testing ground, we use …. Importantly, we find extremely large reduced-form effects of having access to railways. For real nonagricultural income, the … that simultaneous/coordinated investment, such as large infrastructure investment in railways, can generate economic growth …

illustrated by novel approaches in relation to capacity constrained commuter railways and motorways …

same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on … productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …

. In this context, railways emerge as a promising solution, especially with the new legal regulatory frameworks. A detailed … significant reductions in the country's operational costs. As a result, railways promote a more favorable economic scenario, as …

railways in five European countries. Starting with a detailed examination of the various models, as well as their pedigree, I … history of the railways from the point of view of the New Institutional Economics, dividing this 185 year period into four … railways themselves, I am generally hesitant to be too bold in my recommendations. Nevertheless, there is no way that I can see …