China's three-decade infrastructure investment boom shows few signs of abating. Is China's economic growth a consequence of its purposeful investment? Is China a prodigy in delivering infrastructure from which rich democracies could learn? The prevalent view in the economics literature and...

This paper identifies the causal impact of urban rail transport on firm location. The evaluation of transport infrastructures always faces an important issue of endogeneity since rail lines are not located randomly. We use the natural experiment offered by the Regional Express Rail progressively...

Indore is a typical tier-2 town in the central province of India, fast becoming a regional commercial hub in an economically booming state. The city has a population of over 2 million with no significant public transport. Among the multiple options available, the city started implementing a...

The paper is based on a lecture in the Beesley Series delivered at the Institute of Directors in London, in October 2012. Initially, it points out that transport infrastructure in the UK prior to the 20th century was planned and developed largely by private interests. Today private sector...

While much of the developed world struggles with debt and chronically low growth, Canada, one of the best-performing members of the G-7, remains on firmer footing. However, this country still has to cope with slower growth, cutbacks and aging infrastructure. As this paper argues, reconciling...

We examine effects of urban passenger rail upgrades to Auckland's Western Line. The upgrades, and associated urban renewal projects, were announced in mid-2005. International experience indicates that the anticipated benefits of the upgrades should be factored into people's location and pricing...

Using information collected by the National Audit Office, a comparison of several aspects of performance on recent Private Finance Initiative (PFI) contracts is conducted. The first aspect is a sector by sector comparison of refinancing profits, bearing in mind differential risk levels and in...

In Latin America, inadequate transportation infrastructure has been identified as an increasingly important impediment to the region's further integration in global trade and a significant factor preventing countries from properly taking advantage of the multitude of regional, plurilateral, and...

In Latin America, inadequate transportation infrastructure has been identified as an increasingly important impediment to the region's further integration in global trade and a significant factor preventing countries from properly taking advantage of the multitude of regional, plurilateral, and...