We investigate how different conceptions of distance impact upon one of the fundamental decisions made by foreign investors, the choice of foreign direct investment (FDI) location within the selected host country. We argue that the attractiveness of host country locations to foreign investors...

We use standard results from agency theory to assess the ex ante and ex post efficiency of the fixed price risk transfer contracts used to procure public infrastructure under the Private Finance Initiative (PFI) in the United Kingdom. We argue that these contracts act as a revelation mechanism...

The aim of this paper is to analyze the effect of revenue decentralization on the provision of infrastructure at the sub-national level. We estimate the effects of revenue decentralization and earmarked grant financing on the level of sub-national infrastructure investment in 20 European...