Infrastructure in the 21st Century Economy. Volume 2. Three Conceptual PacersExploring the Link Between Public Capital and Productivity

摘要

This interim report is a follow-up to a July 1993 publication entitledInfrastructure in the 21st Century Economy: A Review of the Issues and Outline of A Study of the Impacts of Federal Infrastructure Investments (Report 93-FIS-4). That first report described the beginning of the effort in which the Corps presented a strawman scope of work to three different panels composed of professional economists and other staff from other Federal agencies, Congress and academia, and solicited participation in devising a concrete research plan. This report describes developments since that initial workplan was articulated and is printed in three volumes. This volume (Volume 2) contains the three technical papers which developed and documented the three research approaches which form this study. The three papers discuss respectively: a Computable General Equilibrium (CGE) approach; an econometric cost function/productivity approach; and an endogenous dynamic growth approach.