The Central Asia Regional Economic Cooperation (CAREC) region has historically been an important route for global trade - connecting Asia to Europe (and vice versa) and beyond through the ancient Silk Road before the evolution of maritime trade and commerce in the 1500s. The Asian Development...

The recent debates on infrastructure spending have led to renewed interest in the measurement of infrastructure and its effects on growth and well-being. This paper updates estimates of one important type of infrastructure capital—highways and streets. We compare BEA's capital measures with...

This paper builds on a previous paper by the authors (Kornfeld and Fraumeni, 2022) that primarily used U.S. Federal Highway Administration Highway Statistics data to disaggregate investment in highways and streets into more detailed types to produce updated estimates of net wealth stocks and...