000			01004pab a2200193 454500
008			180718b2009 xxu||||| |||| 00| 0 eng d
100			_aHymel, Kent
245			_aDoes traffic congestion reduce employment growth?
260			_c2009
300			_ap.127-35.
362			_aMar
520			_aThis paper examines the impact of traffic congestion on employment growth in large US metropolitan arfeas. An historic highway plan and political variables serve as instruments for endogenous congestion. The results show that high initial levels of congestion dampen subsequent employment growth. This finding suggests that increasing the efficiency of public infrastructure can spur local economies. Counterfactual estimates show that the employment-growth returns from modest capacity expansion or congestion pricing are substantial. - Reproduced.
650			_aTransport
650			_aUrban development
650			_aEmployment
773			_aJournal of Urban Economics
908			_aN
909			_a83173
999			_c83173 _d83173