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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2017-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2017/4296250 |