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Author: Arnold Picot
Publisher: MIT Press
ISBN: 0262330849
Category : Business & Economics
Languages : en
Pages : 527
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Book Description
The complexities of financing, installing, implementing, and regulating public infrastructures, including empirical research, analytical models, and theoretical insights. Infrastructures—tangible, intangible, and institutional public facilities, from bridges to health care—are a vital precondition for economic and societal wellbeing. There has been an increasing awareness that we cannot rely on market forces for infrastructure investment and maintenance. In this volume, experts from Europe, North and South America, and Asia examine the complexities of financing, installing, implementing, and regulating public infrastructures. Their contributions span 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 privatization arrangements. The book first treats general investment, growth, and policy issues, and then offers sector-specific analyses of transportation, energy, telecommunications, and water infrastructures. The chapters cover topics that include the evolution of historical infrastructure; the relationships between the state and private finance in funding and financing infrastructure; and the relevance of infrastructure for economic growth. Contributors Julio C. Aguirre, Laure Athias, Stephen J. Bailey, Sumedha Bajar, Biswa Nath Bhattacharyay, Federico Boffa, Daniel Danau, Sumit S. Deole, Balázs Egert, Massimo Florio, Stephan Fretz, Asmae El Gallaa, Marco Giorgino, Hugh Goldsmith, Nico Grove, Markus Hofmann, Lynne Kiesling, Johann Kranz, Antonio Nunez, Arnold Picot, Michael Pollitt, Olivier Crespi Reghizzi, Martina Santandrea, Stéphane Straub, Annalisa Vinella
Author: Arnold Picot
Publisher: MIT Press
ISBN: 0262330849
Category : Business & Economics
Languages : en
Pages : 527
Get Book Here
Book Description
The complexities of financing, installing, implementing, and regulating public infrastructures, including empirical research, analytical models, and theoretical insights. Infrastructures—tangible, intangible, and institutional public facilities, from bridges to health care—are a vital precondition for economic and societal wellbeing. There has been an increasing awareness that we cannot rely on market forces for infrastructure investment and maintenance. In this volume, experts from Europe, North and South America, and Asia examine the complexities of financing, installing, implementing, and regulating public infrastructures. Their contributions span 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 privatization arrangements. The book first treats general investment, growth, and policy issues, and then offers sector-specific analyses of transportation, energy, telecommunications, and water infrastructures. The chapters cover topics that include the evolution of historical infrastructure; the relationships between the state and private finance in funding and financing infrastructure; and the relevance of infrastructure for economic growth. Contributors Julio C. Aguirre, Laure Athias, Stephen J. Bailey, Sumedha Bajar, Biswa Nath Bhattacharyay, Federico Boffa, Daniel Danau, Sumit S. Deole, Balázs Egert, Massimo Florio, Stephan Fretz, Asmae El Gallaa, Marco Giorgino, Hugh Goldsmith, Nico Grove, Markus Hofmann, Lynne Kiesling, Johann Kranz, Antonio Nunez, Arnold Picot, Michael Pollitt, Olivier Crespi Reghizzi, Martina Santandrea, Stéphane Straub, Annalisa Vinella
Author: V. Ranganathan
Publisher:
ISBN: 9781606496862
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
Infrastructure is an important activity both for business enterprises and government. Traditionally, infrastructure provisioning has been left to the government since it was perceived as a public good and, therefore, as having a free rider problem. Conventional wisdom indicated that such projects were unlikely to generate adequate revenue in the marketplace to offset the costs of their provisioning; thus funding and management of such projects have been relegated to government. However, over the years, questions have been raised regarding the effectiveness of government in provisioning and managing infrastructure projects. A decaying infrastructure of poor quality, combined with inadequate government funding, has compelled economists and managers from both the public and private sectors to re-think the provisioning of infrastructure projects. The initial reaction to this phenomenon among stakeholders has not been whether infrastructure should have public (government) provision or private financing, but whether a privately-financed investment in infrastructure should be made at all. Unsurprisingly, faced with these choices, governments have embraced private financing, resulting in the rise of public-private-partnerships to deal with the infrastructure question. PPPs, which solicit both funds and private sector expertise for infrastructure projects, have found many supporters in recent times, and governments have embraced them with open arms since such partnerships do government’s job without depending on government financing. However, nothing comes free, and PPP has its own drawbacks, the principal ones being a higher tariff on the user public and the limited capacity of government to handle PPP well. The book describes the characteristics of infrastructure projects, the inadequacies of making infrastructure exclusively a public concern, the rise of PPPs, and the economics of their pricing, investment and regulation.
Author: Darrin Grimsey
Publisher: Edward Elgar Publishing
ISBN: 178536619X
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods – with well-researched strengths and weaknesses – the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.
Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 019871341X
Category : Business & Economics
Languages : en
Pages : 381
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Book Description
The social returns of investment in water, roads, and railways are apparent in the long run, but this distant horizon poses problems to governments and investors. This volume explores the different historical paths to solving the problem of infrastructure finance in Europe, from the fall of the Roman Empire to the end of the 20th century.
Author: Bambang Susantono
Publisher: World Scientific
ISBN: 9811215138
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
First, the book documents the evolution of Asia's infrastructure over the past half-century and reviews existing literature on the role of infrastructure investment in supporting growth and social development. It highlights the positive impact of mass transit investments on land and property values, and the possibility of taxing the increase in values to finance these investments. It then examines Asia's current practices and new solutions that can help meet the infrastructure gap. It discusses the role of institutions, how innovation can foster energy infrastructure investments, and the role of bond markets in infrastructure investments. The book explores ASEAN+3 efforts in developing local currency bond markets to provide long-term local financing for infrastructure investment while providing financial resilience. It also examines the use of green bonds to finance sustainable growth in Asia.
Author: David F. Batten
Publisher: Springer Science & Business Media
ISBN: 3642802664
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
The book examines the complex relationships between infrastructure and the rest of the economy. In particular, it focuses on the contentious issue of whether infrastructure investments stimulate productivity growth, issues of pricing and ownership, and also development problems such as environmental damage. Methods range from traditional production function models and compensating variation approaches to nonlinear methods of dynamic analysis. There is a unique emphasis on the ability of these different methods to allow for the complex interdependencies involved. Six of the fifteen papers deal with these methodological aspects, whereas the remainder addresses specific cases or examples in a variety of countries (Europe, USA and developing countries).
Author: Kate Bayliss
Publisher: Springer Nature
ISBN: 3030541436
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
Understanding consumption requires looking at the systems by which goods and services are provided – not just how they are produced but the historically evolved structures, power relations and cultures within which they are located. The Systems of Provision approach provides an interdisciplinary framework for unpacking these complex issues. This book provides a comprehensive account of the Systems of Provision approach, setting out core concepts and theoretical origins alongside numerous case studies. The book combines fresh understandings of everyday consumption using examples from food, housing, and water, with implications for society’s major challenges, including inequality, climate change, and prospects for capitalism. Readers do not require prior knowledge across the subject matter covered but the text remains significant for accomplished researchers and policymakers, especially those interested in the messy real world realities underpinning who gets what, how, and why across public and private provision in global, national, and historical contexts.
Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475591837
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
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.
Author: Penelope Harvey
Publisher: Routledge
ISBN: 1317224345
Category : Social Science
Languages : en
Pages : 517
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Book Description
Contemporary forms of infrastructural development herald alternative futures through their incorporation of digital technologies, mobile capital, international politics and the promises and fears of enhanced connectivity. In tandem with increasing concerns about climate change and the anthropocene, there is further an urgency around contemporary infrastructural provision: a concern about its fragility, and an awareness that these connective, relational systems significantly shape both local and planetary futures in ways that we need to understand more clearly. Offering a rich set of empirically detailed and conceptually sophisticated studies of infrastructural systems and experiments, present and past, contributors to this volume address both the transformative potential of infrastructural systems and their stasis. Covering infrastructural figures; their ontologies, epistemologies, classifications and politics, and spanning development, urban, energy, environmental and information infrastructures, the chapters explore both the promises and failures of infrastructure. Tracing the experimental histories of a wide range of infrastructures and documenting their variable outcomes, the volume offers a unique set of analytical perspectives on contemporary infrastructural complications. These studies bring a systematic empirical and analytical attention to human worlds as they intersect with more-than-human worlds, whether technological or biological.
Author: Christine Kessides
Publisher: World Bank Publications
ISBN: 9780821326282
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
This paper reviews the linkages between infrastructure and economic development based on both formal empirical research and informal case studies. The main thesis is that economic benefits result from investments in infrastructure only to the extent that they generate a sustainable flow of services valued by consumers. Thus, an analysis of infrastructures' contributions to growth must look at the impacts of services as actually perceived, not at indirect indicators that measure only aggregate provision of infrastructure capital. The paper notes that macro and industry level research , although having its limitations, suggest a positive and statistically significant relationship between infrastructure and economic output. However the conclusions derived from this research (most of which derives from developed countries) provide little specific guidance for policy. To gain more practical insights about how infrastructure contributes to economic growth and to improved quality of life, and to understand the welfare costs of inadequate or unreliable infrastructure, it is necessary to look at microeconomic evidence. Particularly interesting illustrations of these relationships are to be found in developing countries where there is wide variance in the availability and quality of infrastructure.
