EFFECTS OF HIGHWAY INVESTMENT ON THE COMPETITIVENESS OF U.S. FIRMS

This study explores the relationship between the effects of highway system investment on industry costs and participation in international trade. Though it is a very preliminary study, it may provide important empirical insights into the impact of transportation infrastructure on trade and international competitiveness. International trade is also a topical issue. Recent financial and economic adjustments by U.S. trading partners, originally involving the tiger economies but now felt beyond Asia, are driving down the price of foreign exported goods and raising the local currency price for imported American products. In a complex and increasingly interrelated global economy, it is not surprising that currency market adjustments and financial restructuring half a world away directly affect domestic economic performance. While transportation-based productivity effects are not expected to overshadow more fundamental changes in trade relations and currency exchange rate adjustments, neither is it surprising that recent developments give cause to consider the role of U.S. transportation policy in fostering international trade and competitiveness.

• Record URL:
  • https://hdl.handle.net/2027/mdp.39015048213436?urlappend=%3Bseq=339
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/7938948
• Corporate Authors:

  Eno Transportation Foundation

  1250 I Street, NW, Suite 750
  Washington, DC  United States  20005
• Authors:
  • Beshers, E W
• Publication Date: 1999

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 35-43
• Serial:
  • Transportation Quarterly
  • Volume: 53
  • Issue Number: 3
  • Publisher: Eno Transportation Foundation
  • ISSN: 0278-9434

Subject/Index Terms

• TRT Terms: Competition; Corporations; Industry structure; Infrastructure; International trade; Investments
• Geographic Terms: Asia; United States
• Subject Areas: Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00768157
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 17 1999 12:00AM