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

Seong-Hoon Cho (scho9@utk.edu), 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
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ndjtrf:262663

DOI: 10.22004/ag.econ.262663

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