Economics Commons^™

Impact Of Infrastructure On Economic Growth: A Panel Data Approach Using Pmg Estimator, Esra Kabaklarli, Fatih Mangir, Bansi Sawhney

International Review of Business and Economics

Growth theory asserts that infrastructure investments promote economic growth by improving the quality of life and increasing private sector productivity . Transport services, water utility services and telecommunication services provide better facilities to attract FDI (foreign direct investment) and increase productivity across sectors. The aim of this article is to analyze whether transport infrastructure investments have a strong effect on the economic growth. It also attempts to analyze the differential impact of each type of infrastructural spending on economic growth. Our data set covers annual data from 1993 to 2015 period for 15 OECD countries (Austria, Turkey, Czech Republic, Spain, …

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 …

Tallahassee Central City Planning Study, Tallahassee-Leon County Planning Department

City and Regional Planning -- Florida

Study on Developing Downtown Tallahassee

Fertility And Rural Electrification In Bangladesh, Tomoki Fujii, Abu S. Shonchoy

Research Collection School Of Economics

We use a household-level panel dataset from Bangladesh to examine the household-level relationship between fertility and the access to electricity. We find that the household's access to electricity reduces the change in the number of children by about 0.1 to 0.25 children in a period of five years in most estimates. This finding also applies to retrospective panel data and is robust to the choice of covariates and estimation methods. Our finding passes falsification test and corroborates with the predictions of our theoretical model on the households' time use and consumption pattern.

Valuing Public Goods More Generally: The Case Of Infrastructure, David Albouy, Arash Farahani

Upjohn Institute Working Papers

We examine the relationship between local public goods, prices, wages, and population in an equilibrium inter-city model. Non-traded production, federal taxes, and imperfect mobility all affect how public goods (or “amenities” more broadly) should be valued from data. Reinterpreting the estimated effects of public infrastructure on prices and wages in Haughwout (2002), we find infrastructure over twice as valuable with our more general model. New estimates based on more years, cities, and data-sets indicate stronger wage and positive population effects of infrastructure. These imply higher values of infrastructure to firms, and also to households if moving costs are substantial.

Consequences Of The Clean Water Act And The Demand For Water Quality, David A. Keiser, Joseph S. Shapiro

Cowles Foundation Discussion Papers

Since the 1972 U.S. Clean Water Act, government and industry have invested over $1 trillion to abate water pollution, or $100 per person-year. Over half of U.S. stream and river miles, however, still violate pollution standards. We use the most comprehensive set of files ever compiled on water pollution and its determinants, including 50 million pollution readings from 170,000 monitoring sites, to study water pollution’s trends, causes, and welfare consequences. We have three main findings. First, water pollution concentrations have fallen substantially since 1972, though were declining at faster rates before then. Second, the Clean Water Act’s grants to municipal …

The Economic Impact Of The Seattle Area’S Transportation Infrastructure Expansions And Changes, Meredith Crane

Theses and Dissertations--Economics

This paper uses annual, tract-level data to estimate the economic impact of the Seattle area’s newly operational light rail system and recently implemented toll on a bridge traversing Lake Washington, the large lake immediately east of Seattle that bisects the region. Two modeling approaches are utilized in the estimation of each transit intervention’s economic impact: the primary model allows the transit intervention to affect the designated impact area prior to the system’s operation, under the assumption that individuals will respond to the knowledge of the change and relocate accordingly. The secondary model accounts for an impact from the intervention upon …

Consequences Of The Clean Water Act And The Demand For Water Quality, David A. Keiser, Joseph S. Shapiro

Cowles Foundation Discussion Papers

Since the 1972 U.S. Clean Water Act, government and industry have invested over $1 trillion to abate water pollution, or $100 per person-year. Over half of U.S. stream and river miles, however, still violate pollution standards. We use the most comprehensive set of files ever compiled on water pollution and its determinants, including 50 million pollution readings from 240,000 monitoring sites and a network model of all U.S. rivers, to study water pollution’s trends, causes, and welfare consequences. We have three main findings. First, water pollution concentrations have fallen substantially. Between 1972 and 2001, for example, the share of waters …

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.

Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce exports …

Increasing Access To Potable Water: A Question Of Economics And Governance In Bo District, Sierra Leone, Alissa M. Heiring

Lawrence University Honors Projects

This paper analyzes existing supply gaps that are impeding rural water access in Bo District, Sierra Leone. On a national and district level, Sierra Leone has failed to meet the target of 70% access to potable water inspired by the United Nation’s Millennium Development Goals. This paper focuses on Bo District due to its near total inclusion in the Sewa River basin and split urban and rural population. Given the existing political and economic constraints, this paper identifies the most feasible way to sustainably increase access to potable water in Bo. To develop the recommendations, current supply gaps in rural …

The Cost Of Earmarks, Nicholis John Zappia

Electronic Theses, Projects, and Dissertations

Finding revenue is a challenge that faces many municipalities in the United States. As the tax base continues to decline and demand for government services increases, local governments are forced to make hard choices. Low on the list of priorities for local governments is the maintenance, and construction of infrastructure. Traditionally there have been several ways for local governments to fund long-term infrastructure projects including, federal-aid through the process of earmarking. The practice of earmarking has been around since the first congress, but hit its peak between 2003 and 2007. The earmarking process is controversial for several reasons; earmarking bypasses …

Keynote Address On Financing Government Programmes In Economic Downturn -The Role Of Central Bank Of Nigeria? Delivered At The 2016 Central Bank Of Nigeria Executive Seminar, G.I. Emefiele

Economic and Financial Review

This is a keynote address delivered by the Governor of Central Bank of Nigeria at the 2016 executive seminar with the theme "financing government programmes in economic downturn - the role of central bank of Nigeria

Poverty Decomposition By Regression: An Application To Tanzania, Tomoki Fujii

Research Collection School Of Economics

We develop a poverty decomposition method that is based on a consumption regression model. Because this method uses an integral of the partial derivatives of a poverty measure with respect to time, the resulting poverty decomposition satisfies time-reversion consistency and sub-period additivity. Unlike the existing poverty decomposition methods, it allows us to ascribe the observed change in poverty to various covariates of interest collected at a disaggregate level. This method is applied to two datasets from Tanzania to assess, among others, the short- and long-term impacts of infrastructure and market access on poverty.

Low-Cost, Transportable Hydrogen Fueling Station For Early Fcev Adoption, Ian A. Richardson, Jacob T. Fisher, Jacob W. Leachman, Patrick E. Frome, Ben O. Smith, Shaotong Guo, Sayonsom Chanda, Mikko S. Mcfeely, Austin M. Miller

Economics Faculty Publications

Thousands of public hydrogen fueling stations are needed to support the early Fuel Cell Electric Vehicle (FCEV) market in the U.S.; there are currently 12. The California state government has been the largest investor of the hydrogen fueling infrastructure funding 9 permanent stations currently open to the public with 48 more in development costing anywhere from $1.8M-$5.5M each. To attract private investors and decrease dependence on government funding, a low-cost, mobile hydrogen dispensing system must be developed. This paper describes a transportable hydrogen fueling station that has been designed for $423,000 using off-the-shelf components, less than 23% of the capital …

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova

Saule T. Omarova

The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …

Asean Public Private Partnership Guidelines, Fauziah Zen, Michael Regan

Michael Regan

The ASEAN PPP Guidelines are designed for ASEAN nations and provide a common set of policy principles for member countries. The Guidelines offer a broad framework based on best practice standards that will help government departments to manage the processes and procedures that need to be taken when implementing PPP projects. In this respect, common policy principles provide consistency, confidence and certainty to foreign private investors and help facilitate cross-border PPP projects and enhance greater connectivity through harmonisation of member’s regulatory requirements. ASEAN nations will already have in place PPP laws and policies, and many international agencies provide financial assistance …

Fertility And Rural Electrification In Bangladesh, Tomoki Fujii, Abu S. Shonchoy

Research Collection School Of Economics

We use a panel dataset from Bangladesh to examine the relationship between fertility and the adoption of electricity with the latter instrumented by infrastructure development and the quality of service delivery. We find that the adoption of electricity reduces fertility, and this impact is more pronounced when the household already has two or more children. This observation can be explained by a simple household model of time use, in which adoption of electricity affects only the optimal number of children but not necessarily current fertility behavior if the optimal number has not yet been reached.

Understanding The Contribution Of Highway Investment To National Economic Growth: Comments On Mamuneas’S Study, Randall W. Eberts

Randall W. Eberts

This paper reviews and summarizes current literature by Theofanis P.Mamuneas (2008) and Mamuneas with M. Ishaq Nadiri (2003) on the returns to highway investments. This paper first provides an overview of the conceptual relationship between highways and output. The next section describes the highway capital stock estimated by Fraumeni and used by Mamuneas. Next, the paper describes the study conducted by Mamuneas and analyzes the results for consistency within the modeling framework and in context with other studies. The paper then briefly summarizes the broad range of estimates from the literature to offer additional context. Finally, the paper offers an …

Roads And Resources: Groundwater Depletion In Lankao Country In The North China Plains, Ujjayant N. Chakravorty, Xiangzheng Deng, Yazhen Gong, Martino Pelli, Zhang Qian

Ujjayant Chakravorty

China produces most of its food grains in the North China Plains. However, there is evidence that groundwater aquifers in this region are being overexploited. We use a unique GIS-referenced dataset of the depth of the water table for all the 12,000 odd tube wells in Lankao county. We find that the construction of new highways has led to a depletion of the water table in wells close to the highways. This relationship is robust to a variety of controls, including distance to river and primary canals, village and township fixed effects, the date of drilling of the well and …

Persepsi Konsumen Terhadap Prioritas Perbaikan Infrastruktur Pasar Tradisional (Studi Kasus : Pasar Perumnas Klender), Bernardhus Wishman Siregar

Jurnal Kebijakan Ekonomi

everal studies have found that consumer in Indonesia has shifted their preference from traditional to modern market, due to a better service provided by modern market retailer for its consumer. Focusing on consumer perceptions, this research tries to see the consumer assessment for traditional market's service and infrastructures using the gualitative approach in Pasar Perumnas Klender. Finally, this research found that improvements in infrastructure is necessary in order to meet the consumer needs.

The Politics Of Transportation Megaprojects, Patrizia Christa Nobbe

Dissertations, Theses, and Capstone Projects

Large infrastructure investment decisions, especially for mega-projects defined as costing more than one billion U.S. dollars, are largely based on complex, unclear and non-transparent decision criteria. The project's specific context and a variety of actors and interests add to the complexity of the decision processes. All projects deviate, to a certain degree from a "rational" decision-making process, are politically motivated and subject to multiple interests. Cost-benefit analyses are conducted for about half of the projects. In this work I hypothesize that the politics of project decision-making is comparable across countries, relative to their nature, form of involvement and impact on …

Producing Population Health: Collective Action Requires Infrastructure, Incentives & Evidence, Glen P. Mays

Health Management and Policy Presentations

Population health improvement strategies are collective action problems that require targeted infrastructure, incentives, and information to succeed. Research on collective action problems and solutions in public health and other spheres of practice offer insight for the successful scale and spread of population health innovations.

Unifying Systems For Population Health: Infrastructure, Incentives & Evidence For Collective Action, Glen P. Mays

Health Management and Policy Presentations

This presentation, part of the SBM Presidential Symposium on Aligning Family, Clinical, and Community Systems, reviews the collective action problems that are commonly encountered in implementing multi-sector population health improvement strategies, and examines research on ways of using public health strategies and infrastructure to overcome these problems.

Does The Quality Of Electricity Matter? Evidence From Rural India, Ujjayant Chakravorty, Martino Pelli, Beyza Ural Marchand

Ujjayant Chakravorty

This paper estimates the returns to household income due to improved access to electricity in rural India. We examine the effect of connecting a household to the grid and of the quality of electricity, defined as hours of daily supply. The analysis is based on two rounds of a representative panel of more than 10,000 households. We use the district-level density of transmission cables as instrument for the electrification status of the household. We find that a grid connection increases non-agricultural incomes of rural households by about 9 percent during the study period (1994-2005). However, a grid connection and a …

Routes Of Compromise: Road Building And Motor Transportation In Modern Mexico, 1920-1952, Michael K. Bess

Open Access Theses & Dissertations

"Routes of Compromise" studies the creation and function of the government bureaucracy that built motor roads and highways, and the everyday impact of those roadways on public life in Mexico. It covers roughly thirty years of construction efforts from 1920 to the early 1950s as foreign and domestic actors, working at the transnational, national, state, and local levels, established a series of policy and investment programs that became the primary model for infrastructure development in Mexico during the mid-twentieth century. Road building offers a unique perspective to the study of Mexican state formation, underscoring how the national government sought to …

Is There A Role For Common Carriage In An Internet-Based World?, Christopher S. Yoo

All Faculty Scholarship

During the course of the network neutrality debate, advocates have proposed extending common carriage regulation to broadband Internet access services. Others have endorsed extending common carriage to a wide range of other Internet-based services, including search engines, cloud computing, Apple devices, online maps, and social networks. All too often, however, those who focus exclusively on the Internet era pay too little attention to the lessons of the legacy of regulated industries, which has long struggled to develop a coherent rationale for determining which industries should be subject to common carriage. Of the four rationales for determining the scope of common …

Don't Blame Faculty For High Tuition: The Annual Report On The Economic Status Of The Profession, 2003-04, Ronald Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The bottom line is that although faculty and staff salary in-creases obviously contribute to increases in tuition, other factors have played more important roles during the last quarter century. These factors include the escalating costs of benefits for all employees, reductions in state support of public institutions, growing institutional financial-aid costs, expansion of the science and research infrastructure at research universities, and the increasing costs of information technology. If tuition and fee increases had been held to the rate of average faculty salary increases during this period, average tuition and fees would be substantially lower today in both the …

Unequal Progress: The Annual Report On The Economic Status Of The Profession 2002-03, Ronald Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Most colleges and universities adopted budgets for the 2002-03 academic year in the spring and early summer of 2002. At that time, a pessimist might have cited several factors – negative rates of return from institutional endowments, a rising unemployment rate, an economic recession, and large increases in college and university enrollments, for example - to predict that faculty members would not see their earnings increase substantially in real terms in the coming year. The good news is that, overall and on average, the pessimists' worst fears proved incorrect. The bad news is that the overall aver-ages don't tell …

Evaluating The Contribution Of Infrastructure To U.S. Agri−Food Sector Output, Tingting Tong

Masters Theses

The effect of infrastructure investment or capital on private sector output and productivity has been widely discussed over the past two decades. However, only limited studies have focused on the contribution of infrastructure to the output of U.S. agricultural and food sector. Considering the importance of agriculture in U.S. economy and its strong dependence on infrastructure, two empirical analyses were made in this thesis to evaluate the output impact associated with infrastructure in agricultural and food sector in the United States. The first study examines the spillover effect of two major transportation modes, roads and rails, on agricultural output across …

Role Of Marketing And Construction In Economic Development: Lessons For Emerging Economies, Low Sui Pheng, Dang Thuy Huong Giang

Business Review

This paper reviews the relationship between marketing, with focus on international marketing, and economic development based on existing theoretical and empirical studies. There have been different stances on the relationship. It is, however, argued that engagement in effective marketing in general and international marketing in particular is much needed for the economic development process in most developing countries. Primary theoretical insights for government policies that support the integration of developing countries into the international market are also discussed in this paper. The paper concludes with an observation that infrastructure support provided by the construction industry is essential for trade to …