Assessing the spillover effects of investment in transport infrastructure in the subjects of the Russian Federation

Abstract

Subject. We consider economic relations and problems within the framework of spatial development of settlements and constituent entities of the Russian Federation. Objectives. We focus on the development of a methodology for assessing the spacial spillover effects of investments in transport infrastructure and their monetization, considering the network and spillover effects, socio-economic characteristics, geographical location, and the level of connectivity of territories. Methods. The study employs methods of economic, statistical analysis and synthesis, and comparison. The works of economists on the problems of transport accessibility, spatial development and the impact of transport infrastructure on the dynamics of economic growth serve as the theoretical basis of the study. Results. We tested the proposed methodological toolkit, presented the results of assessing the spillover effects of investments in transport infrastructure based on the materials of the Central Federal District according to data for 2020. We determined the secondary effects of infrastructure investments, assessed the size of ‘exports’, ‘imports’ and the real size of investments in transport infrastructure, considering the secondary effects for the subjects of the Central Federal District. Conclusions. The numerical estimates of the spillover effects of investments in transport infrastructure for the subjects of the Central Federal District obtained in the work can be used in practice, when planning the development of territories and assessing the socio-economic effects of regional and interregional transport projects.