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    The “Highway Effect” on Public Finance: Case of the STAR Highway in the Philippines

    Yoshino, Naoyuki; Pontines, Victor | October 2015
    Abstract
    In this study, we examine the impact of the STAR highway located in Batangas province, Philippines, on the public finance of the cities and municipalities through which it directly passes. Specifically, we exploit a unique, disaggregated dataset on tax (property and business taxes) as well as non-tax revenues (regulatory fees and user charges) of the cities and municipalities in the Batangas province. We find, based on our two specifications of a modified difference-in-difference model, that the STAR highway had a robust, statistically significant, and economically growing impact on business taxes. We also find that this so-called “highway effect” also extends to municipalities located in a neighboring province to Batangas. Furthermore, based on more careful inspection and robustness checks, it appears that the STAR highway had a significant impact not only on business taxes, but also on property taxes and regulatory fees. These findings support the widely held belief that infrastructure investments matter; further, our micro-case study suggests that infrastructure investments can indirectly boost tax and non-tax revenues through their power to reduce transportation costs and enhance the activity of firms and workers located along the highway.
    Citation
    Yoshino, Naoyuki; Pontines, Victor. 2015. The “Highway Effect” on Public Finance: Case of the STAR Highway in the Philippines. © Asian Development Bank Institute. http://hdl.handle.net/11540/9667.
    Keywords
    Bus Transportation Costs
    Demand For Transport
    Means Of Transport
    National Transport
    Passenger Transport
    Road & Highway Transport
    Road Transportation Systems
    Sea Transport
    Transport Costs
    Transport Efficiency
    Transport Infrastructure
    Transport Planning
    Transport Policy
    Transport Services
    Transport Systems
    Transport Tax
    Transportation
    Tolls
    Ports
    Seaports
    Development projects
    Physical infrastructure
    Soft infrastructure
    Infrastructure finance
    Infrastructure bonds
    Transport infrastructure
    Roads
    Highways
    Railways
    Ports
    Airports
    Pipelines
    Water supply
    Power production
    Power transmission
    Power distribution
    Telecommunications
    Infrastructure connectivity
    Cross border connectivity
    Modes of transport
    Airports
    Ports
    Shipping
    Taxis
    Vehicle
    Automobile industry
    Road traffic
    Inland transport
    International transport
    Public transport
    Urban transport
    Transport projects
    Transport workers
    Transport statistics
    Transport networks
    Urban traffic
    Road Tolling
    Communication and traffic
    Navigation
    Transport planes
    Air transportation industry
    Air transportation system
    Intra-airport transportation
    Inland water transportation
    Intercoastal shipping
    Marine transportation
    Local transit
    Highway transportation
    Motor transportation
    Student transportation
    Choice of transportation
    Public transportation
    Transportation industry
    Mass transit
    Municipal transit
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9667
    Metadata
    Show full item record
    Thumbnail
    adbi-wp549.pdf (772.0Kb)
    Author
    Yoshino, Naoyuki
    Pontines, Victor
    Theme
    Transport
    Infrastructure

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise