Download or read book Roads to Prosperity Or Bridges to Nowhere written by Sylvain Leduc and published by . This book was released on 2012 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the dynamic macroeconomic effects of public infrastructure investment both theoretically and empirically, using a novel data set we compiled on various highway spending measures. Relying on the institutional design of federal grant distributions among states, we construct a measure of government highway spending shocks that captures revisions in expectations about future government investment. We find that shocks to federal highway funding has a positive effect on local GDP both on impact and after 6 to 8 years, with the impact effect coming from shocks during (local) recessions. However, we find no permanent effect (as of 10 years after the shock). Similar impulse responses are found in a number of other macroeconomic variables. The transmission channel for these responses appears to be through initial funding leading to building, over several years, of public highway capital which then temporarily boosts private sector productivity and local demand. To help interpret these findings, we develop an open economy New Keynesian model with productive public capital in which regions are part of a monetary and fiscal union. We show that the presence of productive public capital in this model can yield impulse responses with the same qualitative pattern that we find empirically.

Download or read book How America Stacks Up written by Edward Alden and published by Council on Foreign Relations Press. This book was released on 2016-02-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: American leadership in the world is built on the foundation of its economic strength. Yet the United States faces enormous economic competition abroad and threats to its economy at home. In How America Stacks Up: Economic Competitiveness and U.S. Policy, Edward Alden, Bernard L. Schwartz senior fellow at the Council on Foreign Relations and director of the Renewing America initiative, and Rebecca Strauss, associate director of Renewing America, focus on those areas of economic policy that are the most important for reinforcing America’s competitive strengths. Covering education, transportation, trade and investment, corporate tax, worker retraining, regulation, debt and deficits, and innovation, How America Stacks Up shows how, in a highly competitive global economy, these seemingly domestic issues are all crucial to U.S. success in the global economy. The line between domestic economic policy and foreign economic policy is now almost invisible, and getting these policies right matters for more than just U.S. living standards. The United States’ ability to influence world events rests on a robust, competitive economy. But without further investment in education, infrastructure, and innovation, Alden and Strauss show, the United States runs the risk of endangering its greatest competitive advantage. Through insightful analysis and engaging graphics, How America Stacks Up outlines the challenges faced by the United States and prescribes solutions that will ensure a healthy, competitive U.S. economy for years to come.

Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy makers often call for increased spending on infrastructure, which can encompass a broad range of investments, from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to the near-term macroeconomic benefits, such as job creation, associated with infrastructure spending; others point to the long-term effects of such spending on productivity and economic growth. Economic Analysis and Infrastructure Investment explores the links between infrastructure investment and economic outcomes, analyzing key economic issues in the funding and management of infrastructure projects. It includes new research on the short-run stimulus effects of infrastructure spending, develops new estimates of the stock of US infrastructure capital, and explores incentive aspects of public-private partnerships with particular attention to their allocation of risk. The volume provides a reference for researchers seeking to study infrastructure issues and for policymakers tasked with determining the appropriate level and allocation of infrastructure spending.

Download or read book Highway Heist written by James T. Bennett and published by Independent Institute. This book was released on 2022-10-03 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this eye-opening book, Professor James Bennett guides readers through centuries of one of the most underrated yet widely used aspects of American life—roads. Relying on history and economic data—and with a humorous and oftentimes sharp tongue—Bennett explains how important America's highways and byways have been to everything from policymaking to everyday life. Crafting America's roads took persuasion, planning—and more taxes than any politician could have dreamed of. And far too often their realization, thanks, in Bennett's view, to flawed interpretations of the power of eminent domain, required destruction, sometimes on a massive scale, of long-established neighborhoods and important cityscapes. Likewise, the upkeep of America's highways has been the center of many a policy battle, waged by Republicans and Democrats alike. Yes, we all want roads in good working condition—but just how and who will pay for them remain contentious questions. Bennett argues persuasively that the road forward just might be a second, but more serious, sustained look at, and local experimentation with, private roads and toll roads. Agree or disagree with him, Bennett has written a significant contribution to America's ongoing debate about how her citizens should traverse, from "sea to shining sea," its fruited plain.

Download or read book Evolution or Revolution written by Olivier Blanchard and published by MIT Press. This book was released on 2019-04-16 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways—to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoît Cœuré, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers

Download or read book The Great Reset written by Floriana Cerniglia and published by Open Book Publishers. This book was released on 2021-11-26 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and insightful collection of essays written by economists from a range of academic and policy institutes explores the subject of public investment through two avenues. The first examines public investment trends and needs in Europe, addressing the initiatives taken by European governments to tackle the COVID-19 recession and to rebuild their economies. The second identifies key domains where European public investment is needed to build a more sustainable Europe, from climate change to human capital formation. Building on the 2020 edition, The Great Reset demonstrates the value of public capital both within European countries and as a European public good, shedding light on the impact that the NextGenerationEU’s Recovery and Resilience Facility will likely have on the macroeconomic structure of the European economy. The first part of the Outlook assesses the state of public investment in Europe at large, as well as focusing on five countries (France, Germany, Italy, Poland and Spain) as case studies. The second part focuses on the challenges posed by the pandemic and the pillars of the NextGenerationEU investment plan, with chapters ranging from education and digitalization, to territorial cohesion and green transition. This book is a must-read for economists, policymakers, and scholars interested in the impact and recovery of European countries during a time of extensive uncertainty.

Download or read book Economic Report of the President Transmitted to the Congress February 2016 Together with the Annual Report of the Council of Economic Advisors written by Council of Economic Advisers (U S ) and published by Government Printing Office. This book was released on 2016-02-24 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains the Economic Report of the President as transmitted to the Congress in March 2015, together with The Annual Report of the Council of Economic Advisers and the Statistical Appendix, and includes many charts and graphs in full color.

Download or read book Accounting for Construction written by Rick Best and published by Routledge. This book was released on 2019-03-27 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting for Construction follows on from Measuring Construction, edited by the same team. It extends the coverage of some of the material in the first volume and expands the range of related topics to include, inter alia, shadow economies, accounting for informal construction and the treatment of the built environment sector in national accounts. Taken together, the two volumes collate a range of topics that are only addressed, if addressed at all, in occasional academic papers and the publications of bodies such as national statistical offices and the World Bank. Accounting for Construction presents international examples from the UK, Australia and New Zealand and from both academic and professional contributors. This book is essential reading for all researchers and professionals interested in construction economics, construction management, and anyone interested in how the construction industry affects the global economy in ways previously under-represented in the literature.

Download or read book Economic Report of the President Transmitted to the Congress written by United States. President and published by . This book was released on 2016 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Represents the annual report of the President's Council of Economic Advisers. Appendix B contains historical tables (from 1959 or earlier) on aspects of income (national, personal, and corporate), production, prices, employment, investment, taxes and transfers, and money and finance.

Download or read book Chinese Global Infrastructure written by Austin Strange and published by Cambridge University Press. This book was released on 2023-11-30 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure is at the heart of China's presence in global development and is also central to larger debates about Chinese influence. This Element provides a comprehensive account of major, Chinese government-financed infrastructure projects in the Global South since 1949. Using new datasets, it demonstrates that Chinese global infrastructure is distinct in terms of its historical tenacity and massive contemporary scope. But this does not imply that contemporary Chinese global infrastructure or the Belt and Road Initiative should be studied in a vacuum. Historical and comparative perspectives show that contemporary projects often emerge based on similar political logics to those that shaped infrastructure investment in earlier periods of Chinese history and other international contexts. The Element then examines how infrastructure projects have created both purposeful and unintended sources of influence by serving as valuable but risky political capital for host country governments as well as the Chinese government.

Download or read book Revitalizing Governance Restoring Prosperity and Restructuring Foreign Affairs written by Earl H. Fry and published by Lexington Books. This book was released on 2014-07-22 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American people generally perceive that the United States is headed in “the wrong direction,” US influence worldwide is waning, Capitol Hill is not adequately representing the public’s interests, and their personal economic wellbeing is in jeopardy. This book squarely tackles the list of “fault lines” currently facing the United States, including, among others, Beltway dysfunctionalism, concentrated wealth and income not seen since the late 1920s, an ultra-expensive and inefficient health-care system, runaway entitlement spending, stagnant upward mobility, debilitating “crony capitalism,” and incoherent foreign policy. Even more importantly, the book offers explicit policy recommendations for solving each fault line, relying extensively on “best practices” in the public and private sectors both at home and abroad. Moreover, the author emphasizes that the United States is entering a special period which provides it with advantages not found anywhere else in the world—a major energy boom, favorable demographics, unparalleled high-technology innovation, huge inward investment flows from abroad, the revival of its manufacturing sector, and its magnetism in attracting to its shores the very best and brightest from around the world. Dr. Fry asserts that it is quite reasonable to assume that the United States will enter a “Renaissance America” period by 2030. Doing so, however, will require painful short-term sacrifices, major policy changes, and the restoration of vibrant representative government. In effect, the American people must overwhelmingly embrace Abraham Lincoln’s vision of governance “of the people, by the people, and for the people.”

Download or read book Navigational Clearance Requirements for Highway and Railroad Bridges written by United States. Office of the Under Secretary of Commerce for Transportation and published by . This book was released on 1955 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Navigational Clearance Requirements for Highway and Railroad Bridges written by United States. Bureau of Public Roads and published by . This book was released on 1955 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

Download or read book Hawai i s Scenic Roads written by Dawn E. Duensing and published by University of Hawaii Press. This book was released on 2015-03-31 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hawai‘i's Scenic Roads examines a century of overland transportation from the Kingdom's first constitutional government until World War II, discovering how roads in the world's most isolated archipelago rivaled those on the U.S. mainland. Building Hawai‘i's roads was no easy feat, as engineers confronted a unique combination of circumstances: extreme isolation, mountainous topography, torrential rains, deserts, volcanic eruptions, earthquakes, and on Haleakalā, freezing temperatures. By investigating the politics and social processes that facilitated road projects, this study explains that foreign settlers wanted roads to "civilize" the Hawaiians and promote western economic development, specifically agriculture. Once sugar became the dominant driver in the economy, civic and political leaders turned their attention to constructing scenic roads. Viewed as "commercial enterprises," scenic byways became an essential factor in establishing tourism as Hawai‘i's "third crop" after sugar and pineapple. These thoroughfares also served as playgrounds for the islands' elite residents and wealthy visitors who could afford the luxury of carriage driving, and after 1900, motorcars. Duensing's provocative analysis of the 1924 Hawai‘i Bill of Rights reveals that roads played a critical role in redefining the Territory of Hawai‘i's status within the United States. Politicians and civic leaders focused on highway funding to argue that Hawai‘i was an "integral part of the Union," thus entitled to be treated as if it were a state. By accepting this "Bill of Rights," Congress confirmed the territory's claim to access federal programs, especially highway aid. Washington's subsequent involvement in Hawaii increased, as did the islands' dependence on the national government. Federal money helped the territory weather the Great Depression as it became enmeshed in New Deal programs and philosophy. Although primarily an economic protest, the Hawai‘i Bill of Rights was a crucial stepping stone on the path to eventual statehood in 1959. The core of this book is the intriguing tales of road projects that established the islands' most renowned scenic drives, including the Pali Highway, byways around Kīlauea Volcano, Haleakalā Highway, and the Hāna Belt Road. The author's unique approach provides a fascinating perspective for understanding Hawai‘i's social dynamics, as well as its political, environmental, and economic history.

Download or read book Albany Law Journal written by and published by . This book was released on 1886 with total page 1160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Confucian Cycle written by William A. Taylor and published by First Edition Design Pub.. This book was released on 2015-09-01 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2,500 years ago, the Chinese sage, Confucius, observed that all governments follow a cycle: from unity, through prosperity to stagnation, then to collapse and anarchy. He taught that when government officials sought personal power or wealth instead of taking care of the people, society lost the “Mandate of Heaven” and fell apart. By “Mandate of Heaven,” Confucius meant that God Himself had directed how society should work. Chinese history shows 15 or 20 collapses when government lost virtue and the country broke apart in civil war, but whenever the Chinese followed Confucius’ rules, Chinese society worked well. From his day to ours, civilizations all over the world have followed the same cycle Confucius observed. Today’s United States is well into the “stagnation” phase and many observers predict a collapse. But America has an advantage Confucius never imagined. Unlike the Chinese, America’s voters have the power to replace their rulers and reform their government without armed revolution. The Taylors’ wide-ranging tour through history, culture, and modern news sheds new light on how the past both predicts the future and can be used to alter it for the better. Keywords – China, America, Sage, Confucius, Government, Trade, Exports, Imports, Money, Economy, History, Culture, Rulers, Voting, War, Policy