Research report 2014 - Max Planck Institute for Tax Law and Public Finance
Public infrastructure investments do foster growth
Authors
Hornung, Erik
Departments
Abteilung für Finanzwissenschaft
Summary
A recent study at the Max Planck Institute for Tax Law and Public Finance sheds light on the role of railroads in the industrial growth process for the historical German state of Prussia. It shows that investment in the transport infrastructure has a long-term impact on economic growth.