Highways and Globalization / Taylor Jaworski, Carl Kitchens, Sergey Nigai.

Format:

Book

Author/Creator:

Jaworski, Taylor.

Contributor:

National Bureau of Economic Research.

Kitchens, Carl.

Nigai, Sergey.

Series:

Working Paper Series (National Bureau of Economic Research) no. w27938.

NBER working paper series no. w27938

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2020.

Summary:

This paper quantifies the value of US highways. We develop a multisector general equilibrium model with many locations in the United States (i.e., counties) and many countries. In the model, producers choose shipping routes subject to domestic and international trade costs, endogenous congestion, and port efficiency at international transshipment points. Applying the model, we find that removing the Interstate Highway System reduces real GDP by $421-$578 billion. The results highlight the gains from intersectoral and international trade as well as the role of domestic transportation infrastructure in shaping regional comparative advantage.

Notes:

Print version record

October 2020.