This paper explores patterns of governance and public finance in development through dissecting the substantiation of transportation infrastructure. We propose three propositions: modern society has increasing demands for government in promoting socio-economic progress; infrastructure is the...

This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected...

In this work we demonstrate the effects of different Chinese transport infrastructure investment strategies on long run marginal costs of steam coal supply in Europe. Increasing Chinese demand for steam coal will lead to a growing need for additional domestic infrastructure in China as...