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Highway grants: roads to prosperity?

Author

Listed:
  • Sylvain Leduc
  • Daniel J. Wilson

Abstract

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.

Suggested Citation

  • Sylvain Leduc & Daniel J. Wilson, 2012. "Highway grants: roads to prosperity?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue nov26.
    • Handle: RePEc:fip:fedfel:y:2012:i:nov26:n:2012-35
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    Cited by:

    1. Veronica Yu. Chernova & Vasily S. Starostin & Galina V. Butkovskaya & Alexander M. Zobov, 2017. "Role of MNCs in Changing Preferences for Food Consumption in Russia under Import Substitution," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 158-166.
    2. Mahjus Ekananda & Dion Jogi Parlinggoman, 2017. "The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 194-212.

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