Infrastructure Economics and Policy

Infrastructure Economics and Policy PDF

Author: Jose A. Gomez-Ibanez

Publisher:

Published: 2021-12

Total Pages: 472

ISBN-13: 9781558444188

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In this comparison of infrastructure across countries and sectors, leading international academics and practitioners consider the latest approaches to infrastructure policy, implementation, and finance. The book presents evidence-based solutions and policy considerations, essential concepts and economic theories, and a current overview.

Economic Analysis and Infrastructure Investment

Economic Analysis and Infrastructure Investment PDF

Author: Edward L. Glaeser

Publisher: University of Chicago Press

Published: 2021-11-11

Total Pages: 479

ISBN-13: 022680058X

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"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

Seaport and Airport Infrastructure Economics and Policy - a Singapore Perspective

Seaport and Airport Infrastructure Economics and Policy - a Singapore Perspective PDF

Author: Ho Kim Hin/David

Publisher: Partridge Publishing Singapore

Published: 2020-09-18

Total Pages: 120

ISBN-13: 1543760597

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This book looks closely at the findings, contributions and recommendations on key issues concerning the concomitant subjects of the large and complex physical infrastructural provision like the seaport and the airport. Chapter 1 examines the seaports, where ships, cargoes, cranes, forklifts and storage yards, warehouses, lorries, roads and rail lines abound. Cargo handling needs specialist knowledge of the understanding supply chain management (SCM), and of the global integrated logistics hub, i.e. global gateway. Chapter 2 highlights that the growth of developing countries depends on adequate physical infrastructure to support economic development. The Chapter examines the merits of viable seaport infrastructure investment, of requiring large capital expenditure, long payback period and of structuring a defensible risk management strategy to deal with uncertainties. Singapore’s Jurong Port is the case study. Chapter 3 is concerned with the growth of developing countries ., which depends very much on having adequate physical infrastructure to support economic development. As a strategic response, many physical infrastructure investments like seaports are being privatised and highly purpose built. Merits of the viable, long term, seaport investment, and of structuring a defensible risk management strategy are essential to deal with uncertainties. Singapore’s Jurong Port is the case study. Chapter 4 is concerned with the global outreach of the small island state of Singapore’s seaport operation, owing to its chronic and limited land and small population size. To overcome limiting growth prospects, it is essential to grow and sustain the global outreach of the Port of Singapore. Last but not least, Chapter 5 recognizes that for public physical infrastructure developments like Singapore’s global Changi Airport, public funding is also a form of investment that entails uncertainties, which need to be rigorously evaluated with financial modelling on the risks and returns. Even more so for crucial seaport expansion and for developing a larger strategic objective for the long-term, well-being of the nation. Changi Airport is a key pillar of strength to support the growth of Singapore’s trade-oriented market economy.

From Global Savings Glut to Financing Infrastructure

From Global Savings Glut to Financing Infrastructure PDF

Author: Mr.Rabah Arezki

Publisher: International Monetary Fund

Published: 2016-02-09

Total Pages: 47

ISBN-13: 1475591837

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This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment platforms” are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.

The Economics of Infrastructure Provisioning

The Economics of Infrastructure Provisioning PDF

Author: Arnold Picot

Publisher: MIT Press

Published: 2015-12-04

Total Pages: 527

ISBN-13: 0262029650

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In this volume, experts from Europe, North and South America and Asia examine the complexities of financing, installing, implementing and regulating public infrastructures. Employing a range of methodological approaches, including historical and empirical research, analytical models, theoretical analysis and sector and regional case studies, they consider the economics of infrastructure provisioning by government, through private-public partnerships and privatisation arrangements. After first treating general investment, growth and policy issues, they then offer sector-specific analyses of transportation, energy, telecommunications and water infrastructures.

Well Spent

Well Spent PDF

Author: Mr.Gerd Schwartz

Publisher: International Monetary Fund

Published: 2020-09-03

Total Pages: 344

ISBN-13: 1513511815

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Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Infrastructure Investments in Developing Economies

Infrastructure Investments in Developing Economies PDF

Author: Giang Dang

Publisher: Springer

Published: 2014-10-18

Total Pages: 264

ISBN-13: 9812872485

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This book aims to provide knowledge on how infrastructure is planned and built in a typical developing country, and what key variables are there in the system limiting the efficient use of public investments in infrastructure. The book begins with a comprehensive literature review on construction and economic development, and trade and economic development. The focus of the book is on the case of Vietnam, with lessons drawn for other developing economies. The book employs the mixed use of data to provide a stronger basis for analysis and interpretation of related government policies. Based on the research findings, the book recommends significant capacity building work for Vietnam to develop capacities that would remove constraints on the efficient use of public investments in infrastructure. The general principles of significant capacity building work which are useful for policy implications are introduced in the book. Analysts, academics, public and private communities in developing countries can adopt the research findings as guiding principles to bring about changes in their current use of public investments in infrastructure, thus supporting their trade and economic growth in the long term.

Geographical Disadvantage

Geographical Disadvantage PDF

Author: Anthony Venables

Publisher: World Bank Publications

Published: 1999

Total Pages: 38

ISBN-13:

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"What effect does distance have on costs for economies at different locations? Exports and imports of final and intermediate goods bear transport costs that increase with distance. Production and trade depend on factor endowments and factor intensities as well as on distance and the transport intensities of different goods"--Cover.

Infrastructure and Economic Growth in Asia

Infrastructure and Economic Growth in Asia PDF

Author: John Cockburn

Publisher: Springer

Published: 2013-12-05

Total Pages: 148

ISBN-13: 3319031376

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Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.