1. Why Invest in Transportation?
- Author
-
Dahms, Lawrence D.
- Subjects
- *
TRANSPORTATION , *INVESTMENTS , *RATE of return , *ECONOMICS , *PERIODICAL publishing , *FINANCE - Abstract
The author critiques an article by Damian Kulash on the economic importance of investments for the transportation sector published in the Summer 1997 issue of the periodical "Transportation Quarterly." The work relies heavily on the work of economists in claiming that certain transportation investments outperform private investments by a large margin in the 1950s and the 1960s. There is a strong inference in Kulash's article that major public investment in the transportation systems will produce substantial returns in the future only if the investment is focused. To conclude, the work contends that investment in a transportation network rather than isolated projects will contribute to growing economy is sound.
- Published
- 1997