The Political Economy of Infrastructure Investment in India

We construct a simple political economy model with imperfect capital markets to explain infrastructure investements across Indian states. The model predicts that: i) the fixed cost of accessing the modern sector, ii) the initial stock of infrastructure, iii) median voter weath, and iv) corruption, can all potentially why different states have different level of infrastructure investements...

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Year of publication:	2007
Authors:	Ghate, Chetan
Institutions:	Max-Planck-Institut für Ökonomik <Jena>
Subject:	Infrastruktur \| infrastructure

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Extent:	323584 bytes 25 p. application/pdf
Series:	Max-Planck-Institut für Ökonomik - Abteilung Entrepreneurship, Growth and Public Policy Discussion Papers on Entrepreneurship, Growth and Public Policy ; 0707
Type of publication:	Book / Working Paper
Language:	English
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; O40 - Economic Growth and Aggregate Productivity. General ; P16 - Political Economy ; Corporate finance and investment policy. General ; Individual Working Papers, Preprints ; India
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005864665