The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined … infrastructure investment, which then drives economic growth via various channels including reducing transaction costs and raising … productivity. Another mechanism emphasized in this paper is that infrastructure investment can promote urbanization through …

This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a … critical driver of economic growth, but infrastructure entails significant up-front costs that yield benefits after a time lag …. Investors hesitate to put their money down on private infrastructure ventures because of the long lag and governments do not …

This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a … critical driver of economic growth, but infrastructure entails significant up-front costs that yield benefits after a time lag …. Investors hesitate to put their money down on private infrastructure ventures because of the long lag and governments do not …

. Infrastructure provision is seen as a particularly important instrument for helping in regional development where government can play … a significant role due to the public goods nature of infrastructure facilities. Literature confirms the positive … association between infrastructure and growth. However, it is not necessary that economic growth attributable to infrastructure …