Infrastructure in the 21st Century Economy. Volume 1. The Dimensions of Public Works Effects on Growth and Industry.

This interim report is a follow-up to a July 1993 publication entitled Infrastructure in the 21st Century Economy A Review of the Issues and Outline of a Study of the Impacts of Federal Infrastructure Investments IWR Report 93-FIS-4. That first report described the beginning of the effort in which the Corps presented a strawman scope of work to three different panels composed of professional economists and other staff from Federal Agencies, Congress and academia, and solicited participation in devising a concrete research plan. This report describes developments since that initial workplan was articulated and is printed in three volumes. This volume Volume 1 contains an overview of the research effort as it is now being implemented, namely three related research tracks to capture the different dimensions of infrastructures effects on the economy. These tracts are a Computable General Equilibrium CGE approach an econometric cost functionproductivity approach and an endogenous dynamic growth approach.