Economic Contribution of the Private Sector on Financing and Operation of a Highway: Financial Computable General Equilibrium

This paper analyses the impact of highway financing and operation on economic growth using the FCGE model, developed for an investment analysis with the base year of 2007. There are two alternatives for financing and operating a highway: government financing with tax revenues and operation; and priv...

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Bibliographic Details
Published in:Journal of transport economics and policy 2015-07, Vol.49 (3), p.397-414
Main Authors: Kim, Euijune, Bae, Yujin
Format: Article
Language:English
Subjects:
Bonds
Capital investments
Computable equilibrium models
Economic development
Economic growth
Economic growth models
Economic models
Financial assets
Financial investments
Financing
General economic equilibrium
Government
Gross domestic product
Highway construction
Highways
Infrastructure investments
Investment analysis
Investment return rates
Private sector
Public finance
Public investments
Securities analysis
South Korea
Studies
Tax revenue
Tax revenues
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