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What is the impact on intra-national trade and regional economic outcomes when the quality and lane-capacity of an existing paved road network is expanded significantly? We investigate this question for the case of Turkey, which undertook a large-scale public investment in roads during the...
Persistent link: https://www.econbiz.de/10014356796
Public-private partnerships (PPPs) are increasingly used to provide infrastructure services. Even though PPPs have the …
Persistent link: https://www.econbiz.de/10013156676
How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new …
Persistent link: https://www.econbiz.de/10013136742
We investigate the relationship between interstate highways and highway vehicle kilometers traveled (VKT) in US cities. We find that VKT increases proportionately to highways and identify three important sources for this extra VKT: an increase in driving by current residents; an increase in...
Persistent link: https://www.econbiz.de/10013150839
infrastructure investments. We tackle three distinct but conflating challenges: First, we offer an analytical characterization of the … routing problem and, in particular, how infrastructure investment between any two connected locations decreases the total …
Persistent link: https://www.econbiz.de/10012893982
infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks whose costs voters readily …
Persistent link: https://www.econbiz.de/10012949429
Previous work on transportation investments has focused on average impacts in high- and middle-income countries. We estimate average and heterogeneous effects in a poor continent, Africa, using roads and cities data spanning 50 years in 39 countries. Using changes in market access due to distant...
Persistent link: https://www.econbiz.de/10013306634
The state of Indiana set out to build a Mammoth system of canals, railroads, and turnpikes in 1836, after a decade of intense debate in which sectional rivalries prevented any state action. This paper investigates the role played by the adoption of an ad valorem property tax in ameliorating the...
Persistent link: https://www.econbiz.de/10013227788
The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network. Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs. He argued it could be implemented by...
Persistent link: https://www.econbiz.de/10013143462
This paper summarizes economic research on investment in public infrastructure and introduces the findings of several … in building, financing, and operating infrastructure, including limitations of private capital markets, externalities …, and the control of natural monopolies. It then describes the conditions that characterize an optimal infrastructure …
Persistent link: https://www.econbiz.de/10013248702