Infrastructure in the 21st Century Economy. Volume 1. The Dimensions of Public Works Effects on Growth and Industry.
Abstract
This interim report is a follow-up to a July 1993 publication entitled "Infrastructure in the 21st Century Economy: A Review of the Issues and Outline of a Study of the Impacts of Federal Infrastructure Investments" (IWR Report 93-FIS-4). That first report described the beginning of the effort in which the Corps presented a "strawman" scope of work to three different panels composed of professional economists and other staff from Federal Agencies, Congress and academia, and solicited participation in devising a concrete research plan. This report describes developments since that initial workplan was articulated and is printed in three volumes. This volume (Volume 1) contains an overview of the research effort as it is now being implemented, namely three related research tracks to capture the different dimensions of infrastructure's effects on the economy. These tracts are: a Computable General Equilibrium (CGE) approach; an econometric cost function/productivity approach; and an endogenous dynamic growth approach.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 01, 1994
- Accession Number
- ADA295912
Entities
People
- Cameron Gordon
Organizations
- United States Army Corps of Engineers