...significant positive impact on that state's private employment growth. The evidence seems overwhelming that public capital has a positive impact on private sector output, investment, and employment. But public capital is not just another form of private capital. These physical resources were produced...

...Munnell19 studied the differences between regions in the United States. There was overwhelming evidence that public capital has a positive impact on private sector output, investment, and employment. Estimating the size of the effect, Munnell reports that a $ 1 ,000 investment of infrastructure per...

...of variables reflecting the labor market, energy costs, cost of land, market size, tax burden, band public capital stock. The results showed that even...considerably smaller than those found at the National level, but they are consistent with the numbers found by other researchers looking at State data (Mera 1973,...