Federal-aid highways: trends, effect on state spending, and options for future program design : report to the ranking minority member Subcommittee on Transportation and Infrastructure, Committee on Environment and Public Works, U.S. Senate
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autocorrelation Brian Knight Congress deﬁned deﬁnition of substitution Democratic Description of Grant dollars Drivers per capita effect of federal eligible estimate factors federal aid federal highway funding federal highway grants federal investment increased federal-aid highway program FHWA ﬁgure ﬁnancing ﬁndings ﬁrst ﬁxed effects ﬂexibility Gamkhar GAO analysis GAO-04-802 Federal-Aid Highways grant expenditures grant programs Grant Substitution Model grants coefﬁcient heating degree days highway capital highway funding effort highway projects highway spending Highway Trust Fund income effect increase in federal increased federal funding inﬂuence insigniﬁcant Instrumental Variables Instrumental Variables Estimates Interstate investment in highways Knight lane miles level of highway Meyers National Highway System Nonhighway federal grants nonhighway spending Ofﬁce options percentage period real per capita reﬂect Registered vehicles Results Senate Speciﬁcally state’s Statistical Methods statistical model statistically signiﬁcant substitution rate Surface Transportation Table tax price trend Vehicle miles traveled vehicles per capita voter/consumer