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Economics

Pace University

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The Economic Impact Of Failing Infrastructure In The New York Metropolitan Area, Nicholas Travis Jul 2018

The Economic Impact Of Failing Infrastructure In The New York Metropolitan Area, Nicholas Travis

Honors College Theses

Infrastructure in the New York Metropolitan Area has been seriously underfunded due to a failure of public investment on the local, state and federal level. Prior research has presented concrete reasoning that the now crumbling infrastructure will seriously affect economic growth and worker productivity. This research seeks to quantify the economic effects as a result of this failing infrastructure. My research asks: what are the concrete, additional economic expenditures, due to failing infrastructure, that drivers spend each year? How much do these economic costs decrease our economic productivity, and how do the economic costs compare with proposed infrastructure improvements? From …