Highway capacity and economic growth
This article develops an alternative estimation
strategy in order to establish the direction
of causation from highway investment to
economic growth. Specifically, this article
searches for a connection between the level of
highway capacity and the growth rate of per
capita output. The following section lays out
the conceptual approach. The next section
contains a description of the data and a discussion
of empirical results. The article concludes
by offering some suggestions for future
research.
