In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and … growth. The magnitude of the contribution of these sources varies considerably across industries: in some changes in demand … dominate while in others changes in technology or relative prices are the main contributors. Publicly financed infrastructure …

We examine the optimal financing of infrastructure when governments have limited financial commitment and can … expropriate rents from private sector firms that manage infrastructure. While private firms need incentives to implement projects … investors to fund infrastructure projects. Optimal financing involves government guarantees to investors against project failure …

between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth …Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims …

This paper shows that those low and middle income countries that use infrastructure inefficiently pay a growth penalty … in the form of a much smaller benefit from infrastructure investments. The magnitude of this penalty is apparent when the … growth experience of Africa is compared with that of East Asia: over one-quarter of the differential growth rate between …

Our purpose in this paper is to examine how one might evaluate and measure the contribution of public infrastructure … capital on private sector output and productivity growth in Sweden. We do this by specifying and implementing empirically a …, we find that increases in public infrastructure capital, ceteris paribus, reduce private sector costs. We compute that …

Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We … plausible mechanism for the price gains. Higher prices reflect both higher rents and lower risk. Infrastructure improvements …

Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …

We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The …

' costs and productivity growth. We find that infrastructure investment does provide a significant direct benefit to …The impact of public infrastructure investment on the productive performance of firms has been an important focus of … the recent literature on productivity growth. The size of this impact has important implications for policymakers …

defined. A variant of endogenous growth theory focuses on investments in public infrastructure as a key determinant of …Several explanations can be offered for the unbalanced growth of U.S. regional manufacturing industries in the decades … to the U.S. as a whole. Endogenous growth theory, on the other hand, assigns a central role to capital formation, broadly …