Is public infrastructure productive? A metropolitan perspective using new capital stock estimates

Article Abstract:

There have been numerous debates on the adequacy of investments on public infrastructure. One way of demonstrating the effects of infrastructure on the economy is by defining infrastructure as an input in production and then estimating the production function. A neoclassical growth model is used to analyze the productivity of public investment. Public and private sector rates were calculated using estimates of public structure by Crihfield-Panggabean, Holtz-Eakin, Munnell and the National Cooperative Highway Research Program.

Research, Capital stock, Industrial productivity, Public sector

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Cities and growth: theory and evidence from France and Japan

Article Abstract:

A prototype of urbanization and growth founded on the accumulation of human capital using evidence from France and Japan is presented. Both countries saw a marked increase in urbanization during periods of industrialization, between 1876 and 1990 for France and between 1925 and 1985 for Japan. However, the increase has had minimal effect on the distribution of population among various urban regions. Moreover, the increase in urbanization does not seem to lead to the development of new cities.

Administration of General Economic Programs, Economic Planning & Research, Urban Planning Assistance, Japan, France, Economic conditions, Urban planning, Urbanization

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Infrastructure, economic development, and public policy

Article Abstract:

Government spending on infrastructure has an important implication on the economic development of both state and local economies. Hulten and Schwab's research illustrates a public goods foundation for higher ranks of government to give grants to lower ranks of government for infrastructure expenditures. Crandall demonstrates the value of understanding infrastructure problems from the outlook of a basis of economic efficiency.

Economic Development NEC, Finance, Public investments, Government spending policy, Community development

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