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Restoring the Social Balance: The Potential Impact of a Public Infrastructure Bank

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  • Deborah M. Figart

Abstract

This article shows how regional input-output modeling can be used to estimate the economic impact of a proposed public bank in the City of Philadelphia and a State Bank of New Jersey. Empirical analysis estimates the positive increase in output, earnings, employment, and value-added for each newly proposed public bank. In New Jersey, state output could rise by over $54 billion and over 243,000 new jobs could be created. In Philadelphia, gross city product (value-added) could rise by $3 billion and nearly 11,000 new jobs are projected.

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  • Deborah M. Figart, 2021. "Restoring the Social Balance: The Potential Impact of a Public Infrastructure Bank," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(1), pages 1-13, January.
    • Handle: RePEc:mes:jeciss:v:55:y:2021:i:1:p:1-13
    DOI: 10.1080/00213624.2021.1873038
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