caa a22 4500 475838637 CHVBK 20180406123855.0 cr unu---uuuuu 170329e20000301xx s 000 0 eng 10.1007/s001680050128 doi (NATIONALLICENCE)springer-10.1007/s001680050128 Returns to investment in navigation infrastructure: An equilibrium approach [Elektronische Daten] [Harry H. Kelejian, Dennis P. Robinson] Abstract.: We argue that there are serious biases in public infrastructure productivity estimates which are based on a production function, or a cost function framework. These biases arise because public infrastructure has important effects on the demands, as well as prices of the factors of production. In this study we estimate the productivity effects of investment in navigation infrastructure in a systems framework. Our results strongly suggest a significant productivity effect of such investments. Springer-Verlag Berlin Heidelberg, 2000 Kelejian Harry H. Department of Economics, University of Maryland, Tydings Hall, Room 3105, College Park, MD 20742, USA (e-mail: Kelejian@econ.umd.edu), US aut Robinson Dennis P. The Institute of Water Resources, Casey Building, Alexandria, VA 22315-3868, USA (e-mail: robinson@osiris.cso), US aut https://doi.org/10.1007/s001680050128 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s001680050128 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Kelejian Harry H. Department of Economics, University of Maryland, Tydings Hall, Room 3105, College Park, MD 20742, USA (e-mail: Kelejian@econ.umd.edu), US aut NATIONALLICENCE 700 1- Robinson Dennis P. The Institute of Water Resources, Casey Building, Alexandria, VA 22315-3868, USA (e-mail: robinson@osiris.cso), US aut Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer