Economic Analysis and Infrastructure Investment
Published on 11. November 2021
Book
Hardback
480 pages
978-0-226-80058-5 (ISBN)
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.
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.
More details
Series
Language
English
Place of publication
Chicago
United States
Publishing group
The University of Chicago Press
Target group
Professional and scholarly
Illustrations
104 line drawings, 51 tables
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 38 mm
Weight
794 gr
ISBN-13
978-0-226-80058-5 (9780226800585)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
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.
Content
Acknowledgments
Introduction
Edward L. Glaeser and James M. Poterba
1. Measuring Infrastructure in BEA's National Economic Accounts
Jennifer Bennett, Robert Kornfeld, Daniel Sichel, and David Wasshausen
Comment: Peter Blair Henry
2. Can America Reduce Highway Spending? Evidence from the States
Leah Brooks and Zachary Liscow
Comment: Clifford Winston
3. Transportation Infrastructure in the US
Gilles Duranton, Geetika Nagpal, and Matthew A. Turner
Comment: Stephen J. Redding
4. The Macroeconomic Consequences of Infrastructure Investment
Valerie A. Ramey
Comment: Jason Furman
5. Procurement Choices and Infrastructure Costs
Dejan Makovsek and Adrian Bridge
Comment: Shoshana Vasserman
6. When and How to Use Public-Private Partnerships in Infrastructure: Lessons from the International Experience
Eduardo Engel, Ronald D. Fischer, and Alexander Galetovic
Comment: Keith Hennessey
7. A Fair Value Approach to Valuing Public Infrastructure Projects and the Risk Transfer in Public-Private Partnerships
Deborah Lucas and Jorge Jimenez Montesinos
Comment: R. Richard Geddes
8. Digital Infrastructure
Shane Greenstein
Comment: Catherine Tucker
Contributors
Author Index
Subject Index
Introduction
Edward L. Glaeser and James M. Poterba
1. Measuring Infrastructure in BEA's National Economic Accounts
Jennifer Bennett, Robert Kornfeld, Daniel Sichel, and David Wasshausen
Comment: Peter Blair Henry
2. Can America Reduce Highway Spending? Evidence from the States
Leah Brooks and Zachary Liscow
Comment: Clifford Winston
3. Transportation Infrastructure in the US
Gilles Duranton, Geetika Nagpal, and Matthew A. Turner
Comment: Stephen J. Redding
4. The Macroeconomic Consequences of Infrastructure Investment
Valerie A. Ramey
Comment: Jason Furman
5. Procurement Choices and Infrastructure Costs
Dejan Makovsek and Adrian Bridge
Comment: Shoshana Vasserman
6. When and How to Use Public-Private Partnerships in Infrastructure: Lessons from the International Experience
Eduardo Engel, Ronald D. Fischer, and Alexander Galetovic
Comment: Keith Hennessey
7. A Fair Value Approach to Valuing Public Infrastructure Projects and the Risk Transfer in Public-Private Partnerships
Deborah Lucas and Jorge Jimenez Montesinos
Comment: R. Richard Geddes
8. Digital Infrastructure
Shane Greenstein
Comment: Catherine Tucker
Contributors
Author Index
Subject Index