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Economic Analysis and Infrastructure Investment

Edward L. Glaeser and James M. Poterba


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


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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Edward L. Glaeser and James M. Poterba

1 Measuring Infrastructure in BEA’s National Economic Accounts

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2 Can America Reduce Highway Spending?

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3 Transportation Infrastructure in the US

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5 Procurement Choices and Infrastructure Costs

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

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8 Digital Infrastructure

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