Abstract
We examine additional travel time that arises as reconstruction of non-functioning bridges gets delayed. Our simulations show that the extent to which a budget increase reduces such additional travel time is rather modest. We show that a substantial portion of the unsolved travel time results from budgetary allocations.
Original language | English |
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Article number | 108901 |
Journal | Economics Letters |
Volume | 187 |
DOIs | |
State | Published - Feb 2020 |
Keywords
- Budgetary allocation
- Delay
- Infrastructure investment
- Travel time