Investment Policies to Extend the Life of Expressways in Japan
This study examines the macroeconomic effects of investment policies aimed at extending the life of expressways in Japan based on a stochastic Ramsey model. The results of numerical analysis suggest that the benefits of life-extension investment in expressways can be increased by raising the level o...
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Main Authors: | Hideo Noda, Yuichi Osano |
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Format: | Article |
Language: | English |
Published: |
Wiley
2017-01-01
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Series: | Discrete Dynamics in Nature and Society |
Online Access: | http://dx.doi.org/10.1155/2017/4296250 |
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