Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment
Chapter in NBER book NBER Macroeconomics Annual 2012, Volume 27 (2013), Daron Acemoglu, Jonathan Parker, and Michael Woodford, editors (p. 89 - 142)
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This research was supported by the Federal Reserve Bank of San Francisco, the author's employer. The views expressed in the paper are those of the authors and do not represent the views of the Federal Reserve Bank of San Francisco or the Federal Reserve System.