"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--.

• Contents
• Acknowledgments
• Introduction | Edward L. Glaeser and James M. Poterba
• 1. Measuring Infrastructure in BEA’s National Economic Accounts | Jennifer Bennett, Robert Kornfeld, Daniel Sichel, and David Wasshausen, Comment: Peter Blair Henry
• 2. Can America Reduce Highway Spending? Evidence from the States | Leah Brooks and Zachary Liscow, Comment: Clifford Winston
• 3. Transportation Infrastructure in the US | Gilles Duranton, Geetika Nagpal, and Matthew A. Turner, Comment: Stephen J. Redding
• 4. The Macroeconomic Consequences of Infrastructure Investment | Valerie A. Ramey, Comment: Jason Furman
• 5. Procurement Choices and Infrastructure Costs | Dejan Makovšek and Adrian Bridge, Comment: Shoshana Vasserman
• 6. When and How to Use Public-Private Partnerships in Infrastructure: Lessons from the International Experience | Eduardo Engel, Ronald D. Fischer, and Alexander Galetovic, Comment: Keith Hennessey
• 7. A Fair Value Approach to Valuing Public Infrastructure Projects and the Risk Transfer in Public-Private Partnerships | Deborah Lucas and Jorge Jimenez Montesinos, Comment: R. Richard Geddes
• 8. Digital Infrastructure | Shane Greenstein, Comment: Catherine Tucker
• Contributors
• Author Index
• Subject Index