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Infrastructure Spending: Where Do We Go From Here?

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  • Hulten, Charles R.
  • Schwab, Robert M.
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    Abstract

    Examines the four arguments for more public investments in infrastructure spending: shortsighted government policies allowed infrastructure spending to fall sharply and the nation's roads and bridges to deteriorate; lower infrastructure spending in the past was a key reason the economy performed so poorly during the last two decades; additional spending in the future will allow the United States to grow much faster and to become more competitive in the international markets; and infrastructure spending should be included as a key part of short term economic policy.

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    Bibliographic Info

    Article provided by National Tax Association in its journal National Tax Journal.

    Volume (Year): 46 (1993)
    Issue (Month): 3 (September)
    Pages: 261-73

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    Handle: RePEc:ntj:journl:v:46:y:1993:i:no._3:p:261-73

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    Cited by:
    1. Alfredo Marvão Pereira & Maria de Fátima Pinho & José da Silva Costa, 2005. "On the Long-term Economic and Budgetary Effects of Public-Sector Investment," ERSA conference papers ersa05p146, European Regional Science Association.
    2. Alfredo Marvao Pereira & Oriol Roca Sagalés, 2002. "Spillover effects of public capital formation : evidence from the spanish regions," Working Papers, Department of Applied Economics at Universitat Autonoma of Barcelona wpdea0210, Department of Applied Economics at Universitat Autonoma of Barcelona.
    3. Alfredo M. Pereira & Jorge M. Andraz, 2012. "On The Economic Effects Of Investment In Railroad Infrastructures In Portugal," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, Chung-Ang Unviersity, Department of Economics, vol. 37(2), pages 79-107, June.
    4. Hulten, Charles R. & Schwab, Robert M., 1997. "A fiscal federalism approach to infrastructure policy," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 27(2), pages 139-159, April.
    5. Everaert, Gerdie & Heylen, Freddy, 2001. "Public capital and productivity growth: evidence for Belgium, 1953-1996," Economic Modelling, Elsevier, Elsevier, vol. 18(1), pages 97-116, January.
    6. Bråthen, Svein & Hervik, Arild, 1997. "Strait crossings and economic development : Developing economic impact assessment by means of ex post analyses," Transport Policy, Elsevier, vol. 4(4), pages 193-200, October.
    7. Tuijl, M.A. van & Groof, R.J. de & Kolnaar, A.H.J.J., 1997. "Fiscal policy and public capital in interdependent economies," Open Access publications from Tilburg University, Tilburg University urn:nbn:nl:ui:12-73833, Tilburg University.
    8. José Luis Torres-Chacón, 2009. "Capital público y crecimiento económico en España 1980-2004," Hacienda Pública Española, IEF, IEF, vol. 188(1), pages 31-53, March.
    9. Wang, Wen & Duncombe, William D. & Yinger, John M., 2011. "School District Responses To Matching Aid Programs For Capital Facilities: A Case Study Of New York’S Building Aid Program," National Tax Journal, National Tax Association, National Tax Association, vol. 64(3), pages 759-94, September.
    10. Alfredo Marvao Pereira & Maria De Fatima Pinho, 2006. "Impact of Public Investment Upon Economic Performance and Budgetary Consolidation Efforts in the European Union," ERSA conference papers ersa06p122, European Regional Science Association.
    11. van Tuijl, Martin A. & de Groof, Robert J. & Kolnaar, Ad H. J., 1997. "Fiscal policy and public capital in interdependent economics," Economic Modelling, Elsevier, Elsevier, vol. 14(2), pages 279-300, April.
    12. Pereira, Alfred M. & Roca-Sagales, Oriol, 2001. "Infrastructures and private sector performance in Spain," Journal of Policy Modeling, Elsevier, Elsevier, vol. 23(4), pages 371-384, May.
    13. Alfredo Marvão Pereira & Jorge M. Andraz, 2013. "On the economic effects of public infrastructure investment:A survey of the international evidence," Working Papers, Department of Economics, College of William and Mary 108, Department of Economics, College of William and Mary.
    14. Alfredo M. Pereira & Jorge M. Andraz, 2008. "On the Regional Incidence of Public Investment in Highways in the USA," Working Papers, Department of Economics, College of William and Mary 70, Department of Economics, College of William and Mary, revised 15 Sep 2010.
    15. Francisco Rodriguez, 2007. "Have Collapses in Infrastructure Spending led to Cross-Country Divergence in Per Capita GDP?," Working Papers, United Nations, Department of Economics and Social Affairs 52, United Nations, Department of Economics and Social Affairs.
    16. Jose da Silva Costa, 1998. "The productive role of public infrastructure: A critical review of recent literature," ERSA conference papers ersa98p95, European Regional Science Association.
    17. Pereira, Alfredo M. & de Frutos, Rafael Flores, 1999. "Public Capital Accumulation and Private Sector Performance," Journal of Urban Economics, Elsevier, vol. 46(2), pages 300-322, September.

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