What changes – More capex #4: more infrastructure
US PUBLIC INFRASTRUCTURE NET INVESTMENT, % OF GDP
2.4
2.4
2.1
2.1
1.8
1.8
1.5
1.5
1.2
1.2
0.9
0.9
0.6
0.6
0.3
0.3
50 55 60 65 70 75 80 85 90 95 00 05 10 15 20 25
1
Sources: BEA, NBER
50
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