This study uses the example of the 2006 soccer World Cup in Germany to examine whether any systematic relationships exist between infrastructure investments on the one hand and investments in the respective stadium on the other. Particular attention is paid to an examination of whether the...

Underfunding of U.S. public pensions is a chronic policy issue that has become more severe over time. Public pension obligations were estimated at $5.96 trillion at the end of 2017 supported by assets of $4.33 trillion — a shortfall of $1.63 trillion and a ‘funded-ratio' of 72.6%. We...

This study examines the impacts of the Guangzhou–Shenzhen–Hong Kong Express Rail Link on residential property prices in West Kowloon, in which the terminus and only station of the Hong Kong section of the high-speed rail link is located. The express rail is characterised as being a link...

Can industrial policy be effective when dealing with a revolutionary new technology? Mark Casson's recent book, "The World's First Railway System," offers the intriguing claim that a slight dose of central planning by the British government in the 1840s would have produced a dramatically more...

This study investigates the impact of high-speed rail investment on the economy and environment in China using a computable general equilibrium (CGE) model with a focus on the period 2002-2013. The analysis is implemented in a dynamic recursive framework capturing long-run capital accumulation...

This study investigates the spatial impact of urban transit systems on housing prices with a focus on three Chinese metropolitan areas -- Guangzhou, Wuhan and Chengdu. Based on a dataset of 7,348 housing properties located in 14 cities, a spatial hedonic modeling approach is adopted to assess...

Officials from 8 of the 15 states that responded to our survey consider the expedited completion of projects to be the most important benefit of State Infrastructure Banks over the next 5 years. By drawing on diverse sources for funds, more capital can be amassed, thus enabling a project to get...

The main objective of this study is to develop an economic analysis estimating the solid waste quantities and optimal hauling distance to install transfer stations in Colombia, according to landfill location. This goal is met by using a difference in differences approach (impact evaluation...

According to the Henry George Theorem (HGT), the cost of a pure local public good can be covered through a tax on related land-rents. As we show in this paper, this general proposition does not apply to transport facilities. Nonetheless, even if the "Golden Rule" does not apply in this context,...

Purpose – The purpose of this paper is to analyze the formation mechanism of the “One Case One Meeting” system in rural China, which is an institutional arrangement to voluntarily provide public goods to villagers. The survey data are used to test the applicability of the “One Case One...