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Despite strong economic growth, investment in basic urban infrastructure-water supply, wastewater removal and treatment, roads, and other capital-intensive systems-has failed to keep pace with urban growth, leaving a critical urban infrastructure deficit. At the same time, urban lands in these...
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China has experienced more than 25 years of extraordinary economic growth. Underlying this growth has been a decentralized fiscal system, in which provinces and large cities are given the freedom to make infrastructure investments to stimulate local development, and are allowed to retain a large...
Persistent link: https://www.econbiz.de/10010522011
The author examines the role of private participation in infrastructure (PPI) in mobilizing finance for key urban services, that is, urban roads, municipal solid waste management, and water and sanitation since the early 1990s when private participation came to be seen as a key element in...
Persistent link: https://www.econbiz.de/10010522017
Municipal land sales provide one option for financing urban infrastructure investment. In countries where land is owned by the public sector, land is by far the most valuable asset on the municipal balance sheet. Selling land or long-term leasing rights to land use while investing the proceeds...
Persistent link: https://www.econbiz.de/10010522019
Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as...
Persistent link: https://www.econbiz.de/10010522020
This paper presents an integrated model of urban agglomeration economies within a computable general equilibrium (CGE) model of global economic activity, energy use and carbon emissions to explore the theoretical and empirical nature of the interdependence of cities and the world economy in a...
Persistent link: https://www.econbiz.de/10011287054
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