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All Clear for Takeoff : Evidence from Airports on the Effects of Infrastructure Privatization
Howell, Sabrina T.; Jang, Yeejin; Kim, Hyeik; Weisbach, … - National Bureau of Economic Research - 2022
airport performance along a rich array of dimensions such as passengers per flight, total passengers, number of routes, number … rather than operational changes. Overall, we find little evidence that privatization alone increases airport performance …. These effects are largest when there is a competing airport nearby. Finally, we show that outright ownership rather than …
Persistent link: https://www.econbiz.de/10013435106
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Immediate and Longer-Term Housing Market Effects of a Major U.S. Airport Closure
Cohen, Jeffrey P.; Coughlin, Cletus Charles; Crews, Jonas; … - National Bureau of Economic Research - 2021
A busy airport's closure has large effects on noise, real estate markets, and neighborhood demographics. Using a unique … dataset, we examine the effects of closing Denver's Stapleton Airport on nearby housing markets. We find evidence of immediate … announcement and closing. However, after the airport closure, more higher-income and fewer black households moved in, and …
Persistent link: https://www.econbiz.de/10012660063
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How Should We Measure Infrastructure? The Case of Highways and Streets
Kornfeld, Robert; Fraumeni, Barbara M. - National Bureau of Economic Research - 2022
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...
Persistent link: https://www.econbiz.de/10013210073
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Segregation and the Initial Provision of Water in the United States
Beach, Brian; Parman, John; Saavedra, Martin H. - National Bureau of Economic Research - 2022
U.S. cities invested heavily in water and sewer infrastructure throughout the late 19th and early 20th centuries. These investments improved public health and quality of life by helping U.S. cities control typhoid fever and other waterborne diseases. We show that segregated cities invested in...
Persistent link: https://www.econbiz.de/10012814453
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The Fundamental Law of Road Congestion : Evidence from US cities
Duranton, Gilles - 2009
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/10012463274
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Water Infrastructure and Health in U.S. Cities
Beach, Brian - National Bureau of Economic Research - 2021
Between 1900 and 1930 typhoid fever and other waterborne diseases were largely eradicated from U.S. cities. This achievement required a mix of technological, scientific, economic, and bureaucratic innovations. This article examines how the interaction of those forces influenced water and...
Persistent link: https://www.econbiz.de/10012496116
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Does the US have an Infrastructure Cost Problem? Evidence from the Interstate Highway System
Turner, Matthew A.; Mehrotra, Neil; Uribe, Juan Pablo - National Bureau of Economic Research - 2023
We pose the problem of managing the interstate as an optimal capital stock problem and define user cost as the charge per vehicle mile travelled that rationalizes observed investments in lane miles and pavement quality. We find that user cost is the sum of the opportunity cost of lane miles,...
Persistent link: https://www.econbiz.de/10014226186
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Business Group Spillovers
Naaraayanan, S. Lakshmi; Wolfenzon, Daniel - National Bureau of Economic Research - 2023
We compare the investment of standalone firms across regions after a positive shock to the investment opportunities generated by a large-scale highway development project. We show that the standalones' investment sensitivity is lower in regions with a higher density of business groups in the...
Persistent link: https://www.econbiz.de/10014250125
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Do Earmarks Target Low-Income and Minority Communities? Evidence from US Drinking Water
Keiser, David A.; Mazumder, Bhashkar; Molitor, David; … - National Bureau of Economic Research - 2024
The quality and inequality of US drinking water investments have gained attention after recent environmental disasters in Flint, Michigan, and elsewhere. We compare the formula-based targeting of subsidized loans provided under the Safe Drinking Water Act with the targeting of congressional...
Persistent link: https://www.econbiz.de/10014468258
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Power Flows : Transmission Lines and Corporate Profits
Hausman, Catherine - National Bureau of Economic Research - 2024
Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity transmission network. Additional transmission lines could better integrate markets, reducing the total cost of electricity generation. They could also allow for the better integration of...
Persistent link: https://www.econbiz.de/10014468290