Del i serien National Bureau of Economic Research Conference Report

Economic Analysis and Infrastructure Investment

Inbunden, Engelska, 2021

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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.

Produktinformation

Utgivningsdatum2021-11-11
Mått152 x 229 x 38 mm
Vikt794 g
FormatInbunden
SpråkEngelska
SerieNational Bureau of Economic Research Conference Report
Antal sidor480
FörlagThe University of Chicago Press
ISBN9780226800585

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Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University and a research associate and director of the working group on urban economics at the National Bureau of Economic Research. James M. Poterba is the Mitsui Professor of Economics at the Massachusetts Institute of Technology (MIT) and president and chief executive officer of the National Bureau of Economic Research.

Acknowledgments IntroductionEdward L. Glaeser and James M. Poterba1. Measuring Infrastructure in BEA’s National Economic AccountsJennifer Bennett, Robert Kornfeld, Daniel Sichel, and David WasshausenComment: Peter Blair Henry2. Can America Reduce Highway Spending? Evidence from the StatesLeah Brooks and Zachary LiscowComment: Clifford Winston3. Transportation Infrastructure in the USGilles Duranton, Geetika Nagpal, and Matthew A. TurnerComment: Stephen J. Redding4. The Macroeconomic Consequences of Infrastructure InvestmentValerie A. RameyComment: Jason Furman5. Procurement Choices and Infrastructure CostsDejan Makovšek and Adrian BridgeComment: Shoshana Vasserman6. When and How to Use Public-Private Partnerships in Infrastructure: Lessons from the International ExperienceEduardo Engel, Ronald D. Fischer, and Alexander GaletovicComment: Keith Hennessey7. A Fair Value Approach to Valuing Public Infrastructure Projects and the Risk Transfer in Public-Private PartnershipsDeborah Lucas and Jorge Jimenez MontesinosComment: R. Richard Geddes8. Digital InfrastructureShane GreensteinComment: Catherine Tucker ContributorsAuthor IndexSubject Index