Impacts of Highway Infrastructure Investment Under the American Recovery and Reinvestment Act

Seong-Hoon Cho (), Daegoon Lee, Dayton Lambert and Roland K. Roberts

Journal of the Transportation Research Forum, 2016, vol. 55, issue 2

Abstract: This study evaluated the impact on highway demand of highway disbursements under the American Recovery and Reinvestment Act (ARRA). Vehicle miles traveled were used to estimate a highway demand equation employing a spatial Durbin model for the 48 contiguous U.S. states during 1994-2008. Estimates from the equation were used to test the hypothesis that highway disbursements caused different upward shifts in the highway demand curves of states. We estimated $8.2 billion in total net benefits for the 48 states as a result of the $27.2 billion in ARRA highway disbursements, yielding an average net benefit of $0.30 per dollar spent.

Keywords: Demand and Price Analysis; Public Economics (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/262663/files/v ... y-Infrastructure.pdf (application/pdf)
https://ageconsearch.umn.edu/record/262663/files/v ... e.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ndjtrf:262663

DOI: 10.22004/ag.econ.262663

Access Statistics for this article

More articles in Journal of the Transportation Research Forum from Transportation Research Forum
Bibliographic data for series maintained by AgEcon Search ().