Gas Taxes Not Long-Term Answer For Infrastructure Funding

Gas taxes are politically messy and their efficacy is diminishing. It’s time for state lawmakers to shift their focus toward alternative sources of infrastructure funding such as congestion taxes, toll roads, and privatization.

How Blockchain Technology Can Improve America’s Infrastructure

This piece first appeared in Forbes. America’s infrastructure is often described as crumbling, broken-down, and out-of-date by politicians from both sides. While the reality isn’t so dire, there are obvious infrastructure issues throughout the country, such as New York’s subway, D.C.’s metro, and almost any road in Michigan. So even though the country’s infrastructure is not as bad as some suggest, we…

Is Infrastructure the Silver Bullet to Rural Poverty?

We have three key findings: (1) nationally, the construction of the ADHS increased income by 0.4 percent (2) about half of the benefits occur in counties outside of the ARC (3) despite these modest gains, they are not large enough to break the cycle of poverty in Appalachia. Had the ADHS not been built, incomes in Appalachia would be lower than they are today. However, the region is still in decline, so at best the construction of the ADHS only softened the fall.

Roads or Schools: A Critical Tradeoff

This piece first published on the IMF blog (November 9, 2017). Roads or schools? It’s a question akin to the “guns or butter” choice that governments around the world confronted in the 20th century: How to spend a nation’s finite resources to produce the maximum benefit for its people. In our recent IMF Working Paper, we find…