Economic growth can be measured by counting tax revenue

Published: Dec. 14, 2017, 12:45 a.m.

b'It can be hard to measure the effects of infrastructure investment on an economy. Knowing whether an investment worked means somehow identifying the revenue it generated amidst the noise of an economy in full swing.\\n\\nAn Asian Development Bank Institute study used tax revenue as a measure of growth, and found significant contributions generated by the construction and operation of the line and the eventual connection of Japan\\u2019s southern-most island to the larger network of high-speed trains known as shinkansen, linking Kyushu with Osaka and Hiroshima on Japan\\u2019s largest island of Honshu.\\n\\nRead the transcript\\nhttp://bit.ly/2BiskIz\\n\\nRead the working paper\\nhttps://www.adb.org/publications/impact-infrastructure-investment-tax-estimating-spillover-effects-kyushu-high-speed\\n\\nAbout the authors\\nNaoyuki Yoshino is the dean of the Asian Development Bank Institute (ADBI)\\nhttps://www.adb.org/adbi/about/dean\\n\\nUmid Abidhadjaev is a project consultant on infrastructure at ADBI\\n\\nKnow more about ADBI\\u2019s work on spillover effects\\nhttp://bit.ly/2hGyAlm'