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Contribution of Highway Capital to Output and Productivity Growth in the US Economy and Industries

M. Ishaq Nadiria,b
and
Theofanis P. Mamuneasc

August 1998

Contents:
  1. Introduction
  2. Literature Review: Results from Production and Cost (Profit) Function Methods
  3. The Main Findings of the 1996 Report
  4. Analytical Framework
  5. Data Construction, Industry Prices, and Cost Structure
  6. Model Estimation
  7. Contribution of Highway Capital at the Industry Level
  8. Contribution of Highway Capital at the Aggregate Macro Economy Level
  9. The Recent Period 1981-91
  10. Summary, Conclusions and Directions for Future Research
  11. Notes

References, Tables and Appendicies:

aDepartment of Economics, New York University, 269 Mercer Street, New York, NY 10003
bNational Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138
cDepartment of Economics, University of Cyprus, P.O. Box 537, Nicosia, Cyprus

The authors wish to thank Parama Chaudhury, Hyunbae Chun, Hui Guo and Frances Hui, Seongjun Kim, Elizabeth Klee for their assistance on the paper.


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