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 …

In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and … dominate while in others changes in technology or relative prices are the main contributors. Publicly financed infrastructure …

The impact of public infrastructure investment on the productive performance of firms has been an important focus of …. However, detailed evaluation of the infrastructure impact is difficult using existing studies which rely on restricted models …, nonproduction and production labor and energy) use of manufacturing firms to evaluate the contribution of infrastructure to firms …

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 …

experience. In contrast to the East Asian experience, none of the recent growth accelerations in Latin America, Africa, or South … rapid within-sector labor productivity growth (Latin America) or growth-increasing structural change (Africa), but rarely … explain this anomaly by arguing that the forces that promoted structural change in Africa originated on the demand side …

Using data from the Groningen Growth and Development Center's Africa Sector Database and the Demographic and Health … Surveys, we show that much of Africa's recent growth and poverty reduction has been associated with a substantive decline in … understand the implications of these shifts in employment shares for future growth and development in Africa south of the Sahara …