Chancellor Philip Hammond has been urged to increase government infrastructure spending to counteract any economic slowdown (demand management) and to improve the productive potential of the economy (supplyside reform). Yet the ‘Keynesian’ function of infrastructure spending ignores the...

This paper cites statistics published by the World Economic Forum and concludes that there is no infrastructure crisis in the United States. Out of 137 countries included in the study, the United States ranked 10th in terms of infrastructure, which places it firmly in the top 8 percent in terms...

We describe a model that integrates a multi-regional input-output model of the U.S. (50 states and the District of Columbia) with the national highway network. Interstate commodity shipments are placed on a congestible highway network. Simulations of major choke-point disruptions redirect...

Transportation infrastructure, such as a link bridge, can improve greatly in factor mobility between the two nodes, and is therefore commonly thought to have a positive economic effect at both ends. However, as the convenience of transportation would affect the choice of household and company...

This study presents new evidence on the causal impact of transport infrastructure on the economy. In China, inventory has declined over recent decades, while the country’s road infrastructure has expanded rapidly. Building on the existing literature, we introduce new approaches, including a...

This paper argues that because of the irreversibility and uncertainty associated with Build-Operate-Transfer (BOT) infrastructure projects, their financial evaluation should also routinely include the determination of the value of the option to defer the construction start-up. This ensures that...

Brings out various features of infrastructural development in Gujarat, and provides an explanation in terms of endowments and political economy for the enhanced performance of Gujarat in some of the physical infrastructure segments like electricity, roads, ports. Suggest suitable policy and...

This overview of issues that regulators should be aware of in demand forecasting discusses challenges that come with the decision to privatize transport, the perverse incentives introduced when privatization teams use strategic demand forecasts to evaluate assets, the most common problems with...

This paper analyses the relationship between road infrastructure improvements and investment in capital assets. Using aggregate data at a provincial level for 1977-2008, an equation for machinery and equipment investment is estimated applying Panel Corrected Standard Errors. The results indicate...

One of the main problems that hinder the development of railway transport in countries such as Bulgaria is the lack of fully liberalized market. As a result of the review of the Trans-European Transport Network Corridors in 2014, most of the Bulgarian transport strategy documents for the period...