Filling potholes: macroeconomic effects of maintenance versus new investments in public infrastructure

By Felix K. Rioja. 2003

166 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a6a3e2dd1149242c8d9ee59cec71f2180e7a2ca6

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Strategy and Management

Citations in the corpus

Productive Government Expenditure and Economic Growth (2009, unknown): “Therefore, we follow the literature, in particular Rioja (2003) and Kalaitzidakis and Kalyvitis (2004), and model replacement investments as an attempt to reduce the instantaneous rate of depreciation of public capital.”
Construction, Corruption, and Developing Countries (2007, background): “…half of the level that they should be, at one percent of GDP, and that raising them to an appropriate level would increase GDP itself by 1.87 percent (Rioja, 2003).17 Different forms of corruption carry significantly different ‘multiplier effects’ in terms of their development impact, then.”
Emerging infrastructure policy issues in developing countries - a survey of the recent economic literature (2004, unknown): “This is having long-term consequences for growth (Reinikka and Svensson 2002; Rioja 2003a, b; Kalaitzidakis and Kalyvitis 2004).”
Government quality and the economic returns of transport infrastructure investment in European regions (2015, unknown): “Rioja (2003) has estimated that for Latin American countries maintenance investments in public 7These two variables are available for all countries in the sample, with exception of the Netherlands, Germany, and Spain in the case of total infrastructure maintenance, and Germany and Spain, in the…”
Infrastructure and Development: A Critical Appraisal of the Macro-level Literature (2008, background): “…maintenance might actually have a higher rate of return than new investment, as argued in Hulten (1996), who uses a cross-country sample and finds that the impact of an effectiveness index of infrastructure is more than seven times larger than that of public capital itself (see also Rioja, 2003).”
Public Investment in Resource-Abundant Developing Countries (2012, background): “To capture the idea that lack of maintenance shortens the life of existing capital, we follow Rioja (2003) to model the depreciation rate as a decreasing function of investment expenditure:18 δGt = { δG × δ GKGt−1 G̃It , when G̃It δ GKGt−1 δG, when G̃It ≥ δ GKGt−1 } .”