We would like to share with you the latest research paper issued by National Ttransportation Policy Project, co-authored by Douglas Holtz-Eakin and Martin Wachs, Strengthening the Connections between Transportation Investments and Economic Growth. This paper was officially released on Friday, January 21st, at a press conference at the offices of the Bipartisan Policy Center (BPC). Please click here to view video coverage of the event.
This paper examines how well-targeted investments in transportation infrastructure can contribute to the nation's economic recovery, can create short- and long-term jobs, and can improve America's competitiveness and productivity. Although it has long been argued that any investment in transportation both creates jobs and grows the economy, this latest research paper, prepared for NTPP, asserts that this is not necessarily the case. Federal transportation investments can, and should, be required to advance both long-term productivity gains and shorter-term job creation, in order to achieve economic growth. However, in order to achieve these results, the paper argues that federal legislation should be reformed, so as to require that investments demonstrate broad, sustainable, long-term economic growth, beyond immediate job creation.
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