This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through...

Infrastructure development is the key to sustainable growth in India. It makes India globally competitive, raises standard of living, enhances profits for government, bridges rural-urban divide and increases level of employment. The most significant criteria for a continued growth rate of an...

Private sector participation through Public Private Partnerships is increasingly being used as a means for delivering physical infrastructure amidst increasingly constrained public budgets and inadequate service delivery. The Government of India, which is currently grappling with a crippling...

The most significant criteria for the continued growth rate of an economy rests on the provision of quality infrastructure. The Indian government finds it difficult to provide the required financial and technical resources and the executive capacity to cope with the rising demand for roads,...

The steel industry is the one which plays an important role in infrastructural development of any country. It is said to be helpful in 'building nations' especially developing countries like India.The Indian steel industry anticipates a sufficiently good growth rate in the present five year...

Do 'local' methods of evaluation, such as partial equilibrium analysis at market prices or estimation of shadow prices, provide reliable assessments of a large rural roads programme's social profitability? Consider a small open economy with one city and a rural hinterland, two traded goods, two...

In this study, we examine the impact of the STAR highway located in Batangas province, Philippines, on the public finance of the cities and municipalities through which it directly passes. Specifically, we exploit a unique, disaggregated dataset on tax (property and business taxes) as well as...

In this paper we analyse data on the rates of return of investment projects sponsored by three international institutions: the European Union, the European Bank for Reconstruction and Development, the World Bank. The focus of the paper is on the evaluation of the variability of ex-ante economic...

While discussing the enhancement of the connectivity between Europe and Asia, this policy paper explores a new area of cooperation, which is the use of European long-term investment funds in Asia's infrastructure. We argue that, if Asian countries agree to offer 50% of their spillover revenue to...

Most Central and Eastern European countries have encountered problems in attracting EU structural funds in the post accession period. This paper analyzes the CEE absorption capacity of EU structural funds in 2007-2010, focusing on the case of Romania. Romania recorded at the end of 2010 the...