We measure industry evolution following permanent changes in the level and location of demand for gasoline in hundreds of counties during the time surrounding the completion of Interstate Highway segments. We find that the timing and margin of adjustment depends on whether the new highway is...

The infrastructure gap is one of the most significant impediments to India realizing its growth and poverty reduction potential. Although India's transport network is one of the most extensive in the world, accessibility and connectivity are limited. Only 20 percent of the national highway...