We examine the optimal financing of infrastructure when governments have limited financial commitment and can … investors to fund infrastructure projects. Optimal financing involves government guarantees to investors against project failure …. The model captures several other features prevalent in infrastructure financing such as government co-investment, tax …

Cities are shaped by transportation infrastructure. Older cities were anchored by waterways. Nineteenth century cities … value of investing in transportation infrastructure. Future transportation innovations, including autonomous vehicles and …

We investigate the characteristics of infrastructure as an asset class from an investment perspective of a limited … partner. While non U.S. institutional investors gain exposure to infrastructure assets through a mix of direct investments and … private fund vehicles, U.S. investors predominantly invest in infrastructure through private funds. We find that the stream of …

financial infrastructure shapes how infrastructure investments impact localities …

Transit infrastructure is a critical asset for economic activity yet costly to build in dense urban environments. We … plausible mechanism for the price gains. Higher prices reflect both higher rents and lower risk. Infrastructure improvements …

We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … to variety. Infrastructure alters factor prices, intermediate prices and the allocation of factors across sectors. The …

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 …

The impact of public infrastructure investment on the productive performance of firms has been an important focus of …. However, detailed evaluation of the infrastructure impact is difficult using existing studies which rely on restricted models …, nonproduction and production labor and energy) use of manufacturing firms to evaluate the contribution of infrastructure to firms …