Is there a shortfall in public capital investment? An overview
AbstractThis article summarizes the Bankâs economic conference held in June 1990. The conference aimed to determine the extent to which the United States may be underinvesting in public infrastructure, explain the potential economic consequences, and suggest mechanisms to help alleviate any adverse trends. It focused on public investment in physical capital only to make the topic manageable, and should not be interpreted to mean that investment in human capital is in any way less important. ; Two quite different perspectives on the need for more infrastructure investment emerge from the discussion. On one side are those who see a strong link between public capital investment and economic and social well-being; they view the current stock of public capital as inadequate and believe that additional investment is required. On the other side are those who are primarily concerned with the efficient use of existing infrastructure; they basically oppose increasing investment until the engineering, pricing, and financing of infrastructure are closer to the optimum.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Federal Reserve Bank of Boston in its journal Conference Series ; [Proceedings].
Volume (Year): 34 (1990)
Issue (Month): ()
Other versions of this item:
- Alicia H. Munnell, 1991. "Is there a shortfall in public capital investment? An overview," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 23-35.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Pedro R. D. Bom & Jenny Ligthart, 2008.
"How Productive is Public Capital? A Meta-Analysis,"
CESifo Working Paper Series
2206, CESifo Group Munich.
- Duarte Bom, P.R. & Ligthart, J.E., 2008. "How Productive is Public Capital? A Meta-Analysis," Discussion Paper 2008-10, Tilburg University, Center for Economic Research.
- Duarte Bom, P.R. & Ligthart, J.E., 2008. "How Productive is Public Capital? A Meta-Analysis," Open Access publications from Tilburg University urn:nbn:nl:ui:12-372877, Tilburg University.
- Prabir De, 2010. "Governance, Institutions, and Regional Infrastructure in Asia," Working Papers id:3029, eSocialSciences.
- Haughwout, Andrew F., 2002.
"Public infrastructure investments, productivity and welfare in fixed geographic areas,"
Journal of Public Economics,
Elsevier, vol. 83(3), pages 405-428, March.
- Andrew F. Haughwout, 2000. "Public infrastructure investments, productivity and welfare in fixed geographic areas," Staff Reports 104, Federal Reserve Bank of New York.
- Bruno Jullien & Frederic Rychen & Antoine Soubeyran, 2000. "Local Public Investment and Competition for a Firm," Econometric Society World Congress 2000 Contributed Papers 1400, Econometric Society.
- Kopp, Andreas, 1995. "Public sector capital and labour productivity: West German federal states and spatial interdependence," Kiel Working Papers 699, Kiel Institute for the World Economy.
- M.Rosaria Alfano & A. Laura Baraldi, 2008. "The design of electoral rules and their impact on economic growth: the Italian case," Working Papers 3_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio).
If references are entirely missing, you can add them using this form.