TY - JOUR
T1 - The economics of infrastructure in a globalized world: Issues, lessons and future challenges
AU - McKibbin, Warwick
AU - Henckel, Timo
PY - 2017
Y1 - 2017
N2 - Although infrastructure is widely recognized as a key ingredient in a country’s economic success, many issues surrounding infrastructurespending are not well understood. This paper explores six themes: the returns to infrastructure; the role of the private sector; the evaluation and delivery of infrastructure in practice; the nature of network industries, pricing and regulation; political economy considerations of infrastructure provision; and infrastructure in developing countries. This paper aims to provide insights into many of these questions, drawing on the existing literature.
AB - Although infrastructure is widely recognized as a key ingredient in a country’s economic success, many issues surrounding infrastructurespending are not well understood. This paper explores six themes: the returns to infrastructure; the role of the private sector; the evaluation and delivery of infrastructure in practice; the nature of network industries, pricing and regulation; political economy considerations of infrastructure provision; and infrastructure in developing countries. This paper aims to provide insights into many of these questions, drawing on the existing literature.
U2 - 10.24294/jipd.v1i2.55
DO - 10.24294/jipd.v1i2.55
M3 - Article
VL - 1
SP - 254
EP - 271
JO - Journal of Infrastructure, Policy and Development
JF - Journal of Infrastructure, Policy and Development
IS - 2
ER -