Economics at your fingertips  

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: Track citations by RSS feed

Downloads: (external link) ... y-Infrastructure.pdf (application/pdf) ... 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:

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 ().

Page updated 2022-09-21
Handle: RePEc:ags:ndjtrf:262663