This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …

This paper uses some simple conceptual models to draw out various implications of infrastructure investments with long … infrastructure investment decisions tend to be made on the basis of (current and expected future) emissions prices that do not fully … for infrastructure investors. These issues are illustrated for two alternative cases of climate damages, namely with the …

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 projects being used at the margin for political rent-seeking, while …

"Calderán and Serven provide an empirical evaluation of the impact of infrastructure development on economic growth and … include, among the regressors, infrastructure quantity and quality indicators, in addition to standard controls. To account … for the potential endogeneity of infrastructure (as well as that of other regressors), the authors use a variety of …