Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims … between infrastructure and productivity growth remains controversial. In this regard, it is somewhat surprising that … infrastructure research has developed in isolation from the large literature on economic growth. We develop a neoclassical growth …

In this paper we examine the effects of publicly financed infrastructure and R&D capital on the cost structure and … dominate while in others changes in technology or relative prices are the main contributors. Publicly financed infrastructure …

Our purpose in this paper is to examine how one might evaluate and measure the contribution of public infrastructure …, we find that increases in public infrastructure capital, ceteris paribus, reduce private sector costs. We compute that … amount of public infrastructure capital that would rationalize the cost savings incurred by the private business and …

We examine the optimal financing of infrastructure when governments have limited financial commitment and can … expropriate rents from private sector firms that manage infrastructure. While private firms need incentives to implement projects … investors to fund infrastructure projects. Optimal financing involves government guarantees to investors against project failure …