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The Economics of Infrastructure Provisioning

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Release : 2016-04-29
Genre : Business & Economics
Kind : eBook
Book Rating : 849/5 ( reviews)

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Book Synopsis The Economics of Infrastructure Provisioning by : Arnold Picot

Download or read book The Economics of Infrastructure Provisioning written by Arnold Picot. This book was released on 2016-04-29. Available in PDF, EPUB and Kindle. Book excerpt: 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

The Economics of Infrastructure Provisioning

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Release : 2014-05-15
Genre : Business & Economics
Kind : eBook
Book Rating : 862/5 ( reviews)

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Book Synopsis The Economics of Infrastructure Provisioning by : V. Ranganathan

Download or read book The Economics of Infrastructure Provisioning written by V. Ranganathan. This book was released on 2014-05-15. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Global Developments in Public Infrastructure Procurement

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Release : 2017-11-24
Genre : Business & Economics
Kind : eBook
Book Rating : 19X/5 ( reviews)

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Book Synopsis Global Developments in Public Infrastructure Procurement by : Darrin Grimsey

Download or read book Global Developments in Public Infrastructure Procurement written by Darrin Grimsey. This book was released on 2017-11-24. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Infrastructure Finance in Europe

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Release : 2016
Genre : Business & Economics
Kind : eBook
Book Rating : 41X/5 ( reviews)

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Book Synopsis Infrastructure Finance in Europe by : Youssef Cassis

Download or read book Infrastructure Finance in Europe written by Youssef Cassis. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Infrastructure Investments

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Release : 2018-06-12
Genre :
Kind : eBook
Book Rating : 006/5 ( reviews)

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Book Synopsis Infrastructure Investments by : Gisele Ferreira Tiryaki

Download or read book Infrastructure Investments written by Gisele Ferreira Tiryaki. This book was released on 2018-06-12. Available in PDF, EPUB and Kindle. Book excerpt: The quality of infrastructure services is key to the production and trade of goods and services, contributing to the productivity and competitiveness of an economy. Efficient infrastructure services also promote the wellbeing of the population by boosting labor productivity. Altogether, infrastructure investment tends to promote greater economic growth. Infrastructure provision involves investments in capital intensive assets with long term maturity and high levels of sunk costs. Thus, identifying the risk factors and barriers to the efficient provision of energy, transport, telecommunication and water services, as well as designing policies conducive to such initiatives are essential. Macroeconomic stability, improved governance institutions, and appropriate regulatory measures are some of the aspects which need to be addressed in order to avoid infrastructure bottlenecks that compromise long term economic growth. Political and regulatory matters are particularly relevant to the performance of infrastructure initiatives, especially to those that involve private sponsors, due to the large scale and scope of economies that are often present in most infrastructure ventures. This book aims to provide a thorough review of the fundamental issues being currently discussed with regards to initiatives in infrastructure sectors. Relying on statistical and econometric analyses, as well as on case studies and in-depth literature surveys, this text hopes to provide a diagnostic of the relevant aspects to be addressed when planning and executing long term infrastructure investments.

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