Our troubled highway system -- How the private sector is reinventing America's freeways -- Where America's 20th-century highway model came from -- The rediscovery of toll road companies overseas -- Toll concessions return to America -- The benefits of long-term P3 concessions -- Critics and...

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...