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What is the impact on intra-national trade and regional economic outcomes when the quality and lane-capacity of an existing paved road network is expanded significantly? We investigate this question for the case of Turkey, which undertook a large-scale public investment in roads during the...
Persistent link: https://www.econbiz.de/10012622734
This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...
Persistent link: https://www.econbiz.de/10012601981
For a number of years, my research group and I have explored different aspects of the planning of large infrastructure projects: (Flyvbjerg, Bruzelius, and Rothengatter, 2003; Flyvbjerg, Holm, and Buhl, 2002, 2004, 2005; Flyvbjerg and Cowi, 2004; Flyvbjerg, 2005a, 2005b). In this paper, I would like to take...
Persistent link: https://www.econbiz.de/10013007459
Governments must decide how to allocate limited resources for infrastructure development, particularly since financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systematically applied, a basis for prioritization. In...
Persistent link: https://www.econbiz.de/10012969287
Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in technologies. In regions and countries where the...
Persistent link: https://www.econbiz.de/10012970883
This paper examines a puzzle in the political economy of infrastructure in India -- the co-existence of relatively low shares of capital spending in public budgets alongside evidence of large demand for village infrastructure from poor voters. It argues that this pattern is due to infrastructure...
Persistent link: https://www.econbiz.de/10012976371
Governments are challenged to balance multiple policy goals and make difficult choices when selecting infrastructure projects for public investment, particularly since available funds are often insufficient to implement the full suite of proposals. This paper presents the application of the...
Persistent link: https://www.econbiz.de/10012928141
This study argues that public infrastructure is an important though previously neglected driving mechanism of the structural transformation process. To assess its significance quantitatively, this study first develops a multisector neoclassical growth model with heterogeneous firms, where public...
Persistent link: https://www.econbiz.de/10012941035