A carregar...
Publicação
The impact of highway tolls on business sector performance - evidence from a natural experiment
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 513.99 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This paper analyzes the effect of a switch from free to charged highway provision
on firm level outcomes for the period 2006-2016. To establish causality, this study
relies on a natural experiment which resulted from Portuguese authorities being forced
to introduce tolls on previously toll-free highways in the course of the sovereign debt
crisis. A difference-in-difference and event study specifications were used to estimate
this effect using firm-level data covering all business in the country. Estimations show
that this policy resulted in a 7,6% decrease of firms’ turnover. Furthermore, firms
in the secondary sector and large firms seem to have been affected more than others.
Both sales to the internal market and exports were significantly hit. Lastly, there was
also a significantly negative impact on number of employees, average wage and labor
productivity.
Descrição
Palavras-chave
SCUT Natural experiment Highway tolls Difference-in-difference