Growing concern that the Millennium Development Goals (MDGs) will not be achieved by 2015 should not obscure the bigger picture that development progress has been occurring at unprecedented levels over the past thirty or more years. At the same time, the MDGs may perhaps create an unnecessary...

<title>Abstract</title> The construction industry is consistently ranked as one of the most corrupt industries worldwide. The impact of corruption goes beyond bribe payments to poor‐quality construction of transport infrastructure with low‐economic returns alongside low funding for maintenance. Regulation...

Standard economic theory would suggest close linkages between income, broader measures of the quality of life and 'utility'. To some extent it is hard to test the link between income and utility given the way that utility is proxied by economists, but we do have measures of objective and...

Taking lessons from a conception of the nature and causes of happiness that harks back to Adam Smith and the original Utilitarians, this paper argues that increases in absolute income should have little effect on happiness in rich countries and that there might instead be channels linking...

Governance is central to development outcomes in infrastructure, not least because corruption (a symptom of failed governance) can have significantly negative impact on returns to infrastructure investment. This conclusion holds whether infrastructure is in private or public hands. This paper...

The monopoly-supported universal service obligation (USO) is usually defended on the grounds that the monopoly allows for cross-subsidy in letter services that in turn allows universal access to a service of great importance to all. The author argues that letter delivery (as opposed to other...

In a networked utility setting (few, predominantly monopoly providers), it is very hard to measure the extent of grand corruption using perceptions or surveys. It is even harder to measure the extent of damage done specifically by corruption, petty or grand. As a result, it will be hard to...