This study examined the North American Industrial Classification System–based manufacturing industry (NAICS 31-33) from 1997 to 2010 in a cost-based framework. First, both profit and production function models were constructed and estimated for the U.S. manufacturing industry at the state level to allow for spatial spillovers and interactions. A model based on profit and production provided an alternative approach to the dual-cost function. Elasticities associated with infrastructure investment and industry total costs were determined by the inclusion of data on transportation infrastructure spending. Results of the spatial econometric models and the computed elasticities were then delivered in a geographic information system.


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    Title :

    Transportation Infrastructure, Industrial Productivity, and Return on Investment


    Subtitle :

    Spatial Spillover Approach


    Additional title:

    Transportation Research Record: Journal of the Transportation Research Board


    Contributors:


    Publication date :

    2013-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




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