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CHAPTER l Introduction
CHAPTER 2 Database Development
CHAPTER 3 Comparative Analysis of Capital Stock Estimates
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2SLS aggregate airports allocate analysis Aschauer assumption beneﬁts capita income capital outlays capital stock estimates capital stock series Census Chapter Cobb-Douglas coefﬁcients Crihﬁeld data series dataset deﬁned demand equation demand for transportation dependent variable depreciation disaggregated dummy Eberts economic performance esti expenditures factors Federal Federal Highway Administration FHWA ﬁnd ﬁndings ﬁrms ﬁrst govemment Gross State Product growth model highway capital stock Holtz-Eakin impact includes industry-speciﬁc inﬂuence infrastructure investment inputs insigniﬁcant investment and economic investment ﬂows labor level and quality linkage between transportation mass transit measures ment Munnell Munnell’s National NCHRP neoclassical growth model nomic output percent perpetual inventory personal income portation private capital stock private economic activity production function proﬁt public capital stock public infrastructure quality of service reﬂect Regional relationship reported signiﬁcantly Speciﬁcation Speciﬁcation state-level statistically signiﬁcant Table tion transportation investment transportation modes transportation services U.S. Department Washington D.C.