publication . Report . 1993

Public infrastructure investment: A bridge to productivity growth?

Jerome Levy Economics Institute of Bard College;
Open Access English
  • Published: 01 Jan 1993
  • Publisher: Annandale-on-Hudson, NY: Levy Economics Institute of Bard College
Table of Contents: Preface, by Dimitri B. Papadimitriou; Public Capital and Economic Growth, by David Alan Aschauer; New Federal Spending for Infrastructure: Should We Let This Genie Out of the Bottle?, by Douglas Holtz-Eakin. Abstract: This brief presents contrasting views on the effects of public infrastructure investment on private sector productivity. David Alan Aschauer states that the slower rate of productivity growth since the early 1970s-coupled with an aging population, the declining proportion of workers to the total population, and other demographic factors-poses a dilemma for policymakers interested in strengthening the long-term relative position o...
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Report . 1993
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