tailieunhanh - An Economic Analysis of Infrastructure Investment

Importantly, post-secondary education and training can provide the cognitive and interactive skills required for good, high-paid, jobs. Analysis of data from the Current Population Survey (CPS) indicates that occupations with a high intensity of analytic and interactive skills tend to have large shares of workers with post-secondary education. 19 Moreover, occupations with a high concentration of college-educated workers have been growing much faster than others. This analysis is consistent with another set of results from the employer survey conducted by The Conference Board. Respondents noted that graduates from two- and four-year college programs. | An Economic Analysis of infrastructure investment The Department of the Treasury with the Council of Economic Advisers October 11 2010 An Economic Analysis of Infrastructure Investment a Report Prepared by the Department of the treasury with the Council of Economic Advisers October 11 2010 Executive Summary On Labor Day President Obama announced a bold plan to renew and expand America s infrastructure. The plan includes a 50 billion up-front investment connected to a six-year reauthorization of the surface transportation program and the creation of a National Infrastructure Bank to leverage private capital and select projects of regional and national significance. The Department of the Treasury with the Council of Economic Advisers has conducted an analysis of the economic effects of transportation infrastructure investment. Our analysis found four key reasons why now is an optimal time to increase our investment in transportation infrastructure Well designed infrastructure investments have long term economic benefits The middle class will benefit disproportionately from this investment There is currently a high level of underutilized resources that can be used to improve and expand our infrastructure and There is strong demand by the public and businesses for additional transportation infrastructure investments. Return on Investment Many studies have found evidence of large private sector productivity gains from public infrastructure investments in many cases with higher returns than private capital investment. Research has shown that well designed infrastructure investments can raise economic growth productivity and land values while also providing significant positive spillovers to areas such as economic development energy efficiency public health and manufacturing. Not all infrastructure projects are worth the investment. Investing rationally in infrastructure is critically important as is providing opportunities for the private sector to invest in public .