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Economic Perspectives, 14, 3rd, No. 5, September 1990
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.


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