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Author: Dieter Biehl Publisher: Luxembourg : Office for Official Publications of the European Communities ISBN: Category : Business & Economics Languages : en Pages : 200
Author: Christine Kessides Publisher: World Bank Publications ISBN: 9780821326282 Category : Business & Economics Languages : en Pages : 66
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.
Author: OECD Publisher: OECD Publishing ISBN: 9264193529 Category : Languages : en Pages : 153
Book Description
This report describes evaluation methods for transport infrastructure investments to ensure that scarce resources are allocated in a way that maximises their net return to society.