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Author: Howard J Shatz
Publisher: Rand Corporation
ISBN: 0833052268
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
To inform debate on a new transportation bill being considered, the authors review the literature on the economic outcomes of highway infrastructure spending, which constitutes the largest share of federal spending on transportation infrastructure. They highlight the connections between highway spending and the economy and then analyze the literature to trace the effects of highway infrastructure on productivity, output, and employment.
Author: Howard J Shatz
Publisher: Rand Corporation
ISBN: 0833052268
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
To inform debate on a new transportation bill being considered, the authors review the literature on the economic outcomes of highway infrastructure spending, which constitutes the largest share of federal spending on transportation infrastructure. They highlight the connections between highway spending and the economy and then analyze the literature to trace the effects of highway infrastructure on productivity, output, and employment.
Author: Edward L. Glaeser
Publisher: University of Chicago Press
ISBN: 022680058X
Category : Business & Economics
Languages : en
Pages : 479
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Book Description
"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--
Author:
Publisher:
ISBN:
Category : Employment stabilization
Languages : en
Pages : 18
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Book Description
Construction and related activities financed through the Federal-aid program are important sources of employment for persons in many industries throughout the economy. A diverse work force representing all skill levels is supported by investment in highway construction activities, and subsequently in industries which supply materials to the highway construction industry and in other industries throughout the economy.
Author:
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 16
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Book Description
A new study establishes a strong link between the highway network and national economic performance. Unique in the depth and breadth of its 35-industry analysis, this research sheds new light on the commercial benefits of highway infrastructure investments. The Federal Highway Administration (FHWA) is pleased to present this research because it clearly documents the highway network's contribution to industry productivity growth, national economic performance, and international competitiveness. Although a comprehensive assessment of the social costs and benefits of the road system is beyond the scope of this research and would include a wide range of factors, such as the impacts on consumers as well as producers, employment effects of highway construction projects, and environmental and social effects of highway provision and use, this work provides important empirical evidence about the historic contribution of roads to the U.S. economy.
Author:
Publisher: DIANE Publishing
ISBN: 1428947922
Category :
Languages : en
Pages : 41
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Book Description
Federal and state governments have played a vital role in the nation economy by facilitating the movement of people and goods through significant investments in highways. At the federal level, the Department of Transportation (DOT) Federal Highway Administration (FHWA) uses a computer model known as the Highway Economic Requirements System (HERS) to estimate the future investment required to maintain and improve the nation highways. DOT reports the results of this analysis to the Congress on a biennial basis. However, state governments make a large number of highway infrastructure investment decisions. States currently use a variety of analytic tools to make these decisions. Interest in using HERS at the state level has grown. Two states Indiana and Oregon are already using customized versions of the model, and in December 2000, FHWA began a pilot project to test its state-level version of HERS, called HERS-ST, with interested states.
Author: Edward L. Glaeser
Publisher: University of Chicago Press
ISBN: 022680061X
Category : Business & Economics
Languages : en
Pages : 479
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Book Description
Policy makers often call for increased spending on infrastructure, which can encompass a broad range of investments, from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to the near-term macroeconomic benefits, such as job creation, associated with infrastructure spending; others point to the long-term effects of such spending on productivity and economic growth. Economic Analysis and Infrastructure Investment explores the links between infrastructure investment and economic outcomes, analyzing key economic issues in the funding and management of infrastructure projects. It includes new research on the short-run stimulus effects of infrastructure spending, develops new estimates of the stock of US infrastructure capital, and explores incentive aspects of public-private partnerships with particular attention to their allocation of risk. The volume provides a reference for researchers seeking to study infrastructure issues and for policymakers tasked with determining the appropriate level and allocation of infrastructure spending.
Author: Gabriel Joseph Roth
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
This work, based on the propositon that roads exhibit typical command economy characteristics (congestion, chronic lack of funds), then shows roads in a market economy framework, employing concepts of ownership, market pricing and profitability to achieve
Author: Elena S. Prassas
Publisher: Springer Science & Business Media
ISBN: 364238580X
Category : Technology & Engineering
Languages : en
Pages : 224
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Book Description
This textbook provides a fundamental overview of the application of engineering economic principles to transportation infrastructure investments. Basic theory is presented and illustrated with examples specific to the transportation field. It also reviews the history of transportation finance, as well as current methods for funding transportation investments in the U.S. Future problems and potential solutions are also discussed and illustrated.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Federal aid to transportation
Languages : en
Pages : 44
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Book Description
Author: Jason R. Baren
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 148
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Book Description
There are various definitions of what constitutes infrastructure, but generally infrastructure refers to the large-scale public systems, services, and facilities of a country or region that are necessary for economic activity. The sector tends to be separated into two broad subsets - economic and social. Economic infrastructure includes highways, water and sewerage facilities, and energy distribution and telecommunication networks whereas social infrastructure encompasses schools, universities, hospitals, public housing and prisons. Infrastructure assets are generally characterised by high development costs (high barriers to entry) and long lives. They are generally managed and financed on a long-term basis. Historically it was seen as the role of the government to fund and manage these assets for the good of the population. Today, the role of the government as the provider of public services is increasingly being questioned both in terms of the absolute cost to taxpayers and as to whether a government can deliver the assets as efficiently as a private company competing for the privilege. From the government's perspective there is a strong case for privatisation, where the debt raised by the private partner remains on their balance sheets, not on that of the Treasury's. These factors have resulted in a gradual migration from the public provision of infrastructure to the private sector. The private provision of these assets may take many forms from joint ventures, concessions and franchises through to straight delivery contracts. Essentially the private sector is being brought in to design, build, finance and/or maintain public sector assets in return for long term contracted payments from the government or access to the revenues generated from the asset.
