Impacts of Highway Infrastructure Investment Under the American Recovery and Reinvestment Act
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This study evaluated the impact on highway demand of highway disbursements under the American Recovery and Reinvestment Act (ARRA). Vehicle miles traveled were used to estimate a highway demand equation employing a spatial Durbin model for the 48 contiguous U.S. states during 1994-2008. Estimates from the equation were used to test the hypothesis that highway disbursements caused different upward shifts in the highway demand curves of states. We estimated $8.2 billion in total net benefits for the 48 states as a result of the $27.2 billion in ARRA highway disbursements, yielding an average net benefit of $0.30 per dollar spent.
2021 ◽
Vol ahead-of-print
(ahead-of-print)
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2019 ◽
Vol 14
(3)
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pp. 238-246
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2020 ◽
Vol 1437
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pp. 012121
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