Economic Returns from Transportation Investment

Details

• Creators:
  Madrick, Jeffrey
• Corporate Creators:
  Eno Transportation Foundation, Inc
• Subject/TRT Terms:
  Awareness Conferences Decision Making Economic Benefits Economic Growth Financing Highways Infrastructure Innovation Investments Productivity Public Policy Public Private Partnerships Rate Of Return Transportation

  More +
• Resource Type:
  Proceedings
• Right Statement:
  Copyright 1996 Eno Transportation Foundation Inc.
• Geographical Coverage:
  United States
• Corporate Publisher:
  Eno Transportation Foundation, Inc
• Abstract:
  The Eno Foundation convened a public policy forum to discuss the economic return on transportation investment. About 35 people with varied perspectives on this issue attended this day-long discussion on July 23, 1996. The Federal Highway Administrator, Rodney Slater, opened the forum by saying that the Federal Highway Administration (FHWA) has made fostering productivity growth through investment in highways one of its primary goals. He emphasized the importance of high-quality economic research to find the linkage between highway investments and economic performance. Dr. Ishaq Nadiri, an economist at New York University, discussed his finding that there has indeed been a significant positive rate of return from public investment in highways in the United States in recent decades, although the magnitude of this return has tapered off in later decades. An overriding issue addressed by the forum was how to continue to make significant investments in transportation infrastructure in an era of scarce public resources. Public-private partnerships and innovative financing methods were discussed as possible solutions to this issue. In general, forum participants agreed that a public awareness must be created for thinking about how infrastructure investment can promote the growth of the nation's productivity. Participants urged policy makers to apply the results of new economic research to their decision-making processes and to develop new ways to present the case to legislators and to the public that infrastructure investment can improve productivity and economic growth.
• Content Notes:
  Economic Returns from Transportation Investment, Eno Transportation Foundation Inc.,
  
  Lansdowne, VA, copyright 1996.
  
  
• Format:
  PDF
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:f90f3023f52d86012c727e3ea4e72099793e56d8e93039170307c16e29c070671672ec9fe2b919b705d33c0448056ed7369ba4f7eefc822245c99a86f228eede
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/85128/dot_85128_DS1.pdf
• File Type:
  [PDF - 6.25 MB ]