A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.

An estimation of components of public capital stock for 38 metropolitan areas from 1953 to 1981, using the perpetual inventory method. These series are used to estimate the effect of public capital stock on regional manufacturing production.

A discussion of whether public outlays influence private investment, modeling the timing and effectiveness of public infrastructure as a local policy instrument.

An analysis of the relationship between local public capital stock and regional manufacturing output, inputs, and productivity between 1965 and 1977. Results show that the effect of public capital stock on regional productivity, although limited, cannot be dismissed, and that public...

A discussion of how public infrastructure deterioration adversely affects urban economic development and why cities with an aging industrial base find it difficult to maintain and improve public capital stock while meeting community welfare needs.

A review of recent empirical studies concerned with how investment in public infrastructure affects various types of state- and local-level economic activity. The relationships between public and private investment are examined and assessed.