United States Department of Transportation
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i
Productive Highway Capital Stocks and the Contribution of Highways to Growth in GDP: Volume I
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2007-10-01
[PDF-149.52 KB]
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Abstract:The study reaches two conclusions using several different national income accounting measures: the rate of growth of highways is below the rate of growth of Gross Domestic Product (GDP) and the nominal share of highways in (adjusted) GDP and (adjusted) U.S. gross output is small. National income accounting measures do not include spillovers, multiplier effects, or the use of highways by other than business or the government. Accordingly, the contribution estimates produced in the report are small compared to many alternative estimates. However, they can be directly compared to Bureau of Economic Analysis (BEA) contribution estimates.
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