Search Results
Journal Article
Rush-hour horrors: how economics tackles congestion
Apart from environmental arguments, the best way to reduce traffic is to hit drivers in their pocketbooks.
Working Paper
Democracy to the road: the political economy of potholes
Are dictatorships more prone to build and maintain roads? This paper identifies a puzzling fact: countries that are more democratic tend to have roads in worse conditions than less democratic countries. Using lagged values of a democracy index to instrument for democracy in 1980 yields higher estimates of the magnitude of the association between democracy and bad roads. Instruments based on climate, population, and education yield similar results. The evidence points to a negative causal relationship from democracy to road quality. The author also finds that changes to a more democratic ...
Journal Article
On the road to Singapore
Conference Paper
Highway infrastructure: policy issues for regions
Journal Article
Highway grants: roads to prosperity?
Federal highway grants to states appear to boost economic activity in the short and medium term. The short-term effects appear to be due largely to increases in aggregate demand. Medium-term effects apparently reflect the increased productive capacity brought by improved roads. Overall, each dollar of federal highway grants received by a state raises that state?s annual economic output by at least two dollars, a relatively large multiplier.
Working Paper
Economic estimates of urban infrastructure needs
This paper, critical of commonly employed measures of capital spending needs, offers an alternative method for constructing needs estimates and tests the model using highway spending data for 10 midwestern urban counties.
Journal Article
Clearing the roadways: the case for congestion pricing