The Direct and Indirect Economic Effects of Transportation Infrastructure
The notion that highways boost economic activity is a popular one. States such as Iowa and Wisconsin have promoted highway policy as an economic development tool (Dalton 1991; Forkenbrock and Plazah 1986). Benefit-cost analyses of particular highway corridors have, at times, claimed large long-term economic gains (e.g. Seskin 1990; Weisbrod and Beckwith 1992). Yet for years, economists have argued that the common perception of a link between highways and economic development is, at best, incomplete.
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- Alicia H. Munnell, 1990.
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- Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119, March.
- Randall W. Eberts & Michael S. Fogerty, 1987. "Estimating the relationship between local, public and private investment," Working Paper 8703, Federal Reserve Bank of Cleveland.
- John A. Tatom, 1991. "Public capital and private sector performance," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-15.
- Case, Anne C. & Rosen, Harvey S. & Hines, James Jr., 1993. "Budget spillovers and fiscal policy interdependence : Evidence from the states," Journal of Public Economics, Elsevier, vol. 52(3), pages 285-307, October.
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"Public infrastructure and regional economic development: A simultaneous equations approach,"
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- Kevin T. Duffy-Deno & Randall W. Eberts, 1989. "Public infrastructure and regional economic development: a simultaneous equations approach," Working Paper 8909, Federal Reserve Bank of Cleveland.
- Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988.
"Estimating Vector Autoregressions with Panel Data,"
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- Tom Doan, . "RATS program to demonstrate IV estimation of VAR in panel data," Statistical Software Components RTZ00185, Boston College Department of Economics.
- Boarnet, Marlon G., 1996. "Geography and Public Infrastructure," University of California Transportation Center, Working Papers qt1fn223q7, University of California Transportation Center.
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