Economic Analysis and Infrastructure Investment

Edward L. Glaeser, James M. Poterba (Herausgeber)

Buch | Hardcover

480 Seiten

2021
University of Chicago Press (Verlag)
978-0-226-80058-5 (ISBN)

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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.

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

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 Makovšek 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

Erscheinungsdatum	12.11.2021
Reihe/Serie	National Bureau of Economic Research Conference Report
Zusatzinfo	104 line drawings, 51 tables
Sprache	englisch
Maße	152 x 229 mm
Gewicht	794 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	0-226-80058-X / 022680058X
ISBN-13	978-0-226-80058-5 / 9780226800585
Zustand	Neuware