An efficient infrastructure forms the backbone of modern high-income economies. Without an appropriately developed material and immaterial infrastructure and its availability, it is virtually impossible to operate an economy based on the division of labor.
On the one hand, Economica analyzes the economic significance of infrastructure investments with regard to their short-term demand-inducing effects, both during the construction phase and in the operating phase. In addition to the classical analysis canon of direct, indirect and induced effects at the macroeconomic and regional economic level, far-reaching catalytic effects (e.g. innovation spillovers) are of central importance. On the other hand, Economica determines the long-term productivity/production potential-increasing effect of infrastructure investments under consideration of external effects. In doing so, the variables influencing the level and structure (modal split) of the optimal infrastructure capital stock can be determined, as can the macroeconomic returns on infrastructure investments.
- Cost function model / dual model based on production theory
- Multiregional input/output model
- Utility function based time opportunity cost models.
- Panel econometric models
- Dynamic Stochastic General Equilibrium Model
Mag. Günther Grohall
Tel.: +43 660 3200 417