The economics of infrastructure in a globalized world: Issues, lessons and future challenges

Timo Henckel, Warwick J. McKibbin

Abstract


Although infrastructure is widely recognized as a key ingredient in a country’s economic success, many issues surrounding infrastructurespending are not well understood. This paper explores six themes: the returns to infrastructure; the role of the private sector; the evaluation and delivery of infrastructure in practice; the nature of network industries, pricing and regulation; political economy considerations of infrastructure provision; and infrastructure in developing countries. This paper aims to provide insights into many of these questions, drawing on the existing literature.


Keywords


Infrastructure, rate of return, developing countries

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References


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DOI: http://dx.doi.org/10.24294/jipd.v1i2.55

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