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Economic Analysis and Infrastructure Investment

Edward L. Glaeser and James M. Poterba

Abstract

During the Great Recession, there were calls for boosting infrastructure spending to support the economy and create jobs. The extent to which “shovel-ready projects” can be funded for short-term macroeconomic gain, and the long-term growth effects of spending on infrastructure projects, are subjects of debate. Research in macroeconomics and applied microeconomics approach analysis of infrastructure spending differently, the former focusing on aggregate economic impacts and the latter using cost-benefit analyses, which can yield different recommendations about whether to undertake a project. Th ... More

Keywords: infrastructure, public-private partnerships, cost-benefit analysis, investment, procurement, expenditure

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9780226800585
Published to Chicago Scholarship Online: May 2022 DOI:10.7208/chicago/9780226800615.001.0001

Authors

Affiliations are at time of print publication.

Edward L. Glaeser, editor
Harvard University

James M. Poterba, editor
Massachusetts Institute of Technology

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Contents

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Introduction

Edward L. Glaeser and James M. Poterba

1 Measuring Infrastructure in BEA’s National Economic Accounts

Jennifer Bennett, Robert Kornfeld, Daniel Sichel, and David Wasshausen

Comment

Peter Blair Henry

2 Can America Reduce Highway Spending?

Leah Brooks and Zachary Liscow

Comment

Clifford Winston

3 Transportation Infrastructure in the US

Gilles Duranton, Geetika Nagpal, and Matthew A. Turner

Comment

Stephen J. Redding

Comment

Jason Furman

5 Procurement Choices and Infrastructure Costs

Dejan Makovšek and Adrian Bridge

Comment

Shoshana Vasserman

6 When and How to Use Public-Private Partnerships in Infrastructure

Eduardo Engel, Ronald D. Fischer, and Alexander Galetovic

Comment

Keith Hennessey

Comment

R. Richard Geddes

8 Digital Infrastructure

Shane Greenstein

Comment

Catherine Tucker