Restoring the Social Balance: The Potential Impact of a Public Infrastructure Bank

Deborah M. Figart

Journal of Economic Issues, 2021, vol. 55, issue 1, 1-13

Abstract: This article shows how regional input-output modeling can be used to estimate the economic impact of a proposed public bank in the City of Philadelphia and a State Bank of New Jersey. Empirical analysis estimates the positive increase in output, earnings, employment, and value-added for each newly proposed public bank. In New Jersey, state output could rise by over $54 billion and over 243,000 new jobs could be created. In Philadelphia, gross city product (value-added) could rise by $3 billion and nearly 11,000 new jobs are projected.

Date: 2021
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DOI: 10.1080/00213624.2021.1873038

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