In February 2021, winter storm Uri brought extreme cold to Texas for many days. The cold caused a spike in electricity and natural gas demand and simultaneously a sharp drop in supply. The electricity shortage caused 4.5 million Texans to lose power for multiple days. Many lost water service...

Mainstreaming gender analysis into all aspects of policy making, including infrastructure and economic policy, is a key aspect to achieving gender equality. The main objective of this paper is to examine the impact of several public infrastructures on well-being by gender, applying the...

In February 2021, winter storm Uri brought extreme cold to Texas for many days. The cold caused a spike in electricity and natural gas demand and simultaneously a sharp drop in supply. The electricity shortage caused 4.5 million Texans to lose power for multiple days. Many lost water service...

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...

The need for gender inclusion was highlighted as the fifth sustainable development goal (SDG) (i.e. SDG5) and policies have been gearing towards attaining this objective and its subsequent effect on macroeconomic outcome. Equally, the demonstrated trend of infrastructures in Africa in terms of...

Sales in the construction industry will continue to increase strongly in 2022 and 2023. Overall, DIW Berlin estimates a nominal increase in construction volume of almost 13 percent in 2022 and six percent in 2023 to 585 billion euros. In 2021, construction volume increased by ten percent to 488...

This study assesses the adequacy of school infrastructure in the Philippine basic education sector and conducts benchmarking against developmental targets and other countries' performance. The study shows that with respect to classrooms, there had been progress in decongesting schools, but...

Purpose - Given the ever-growing fiscal commitments of Nigeria and her chequered history of electricity generation and distribution, the fortunes of the energy sector in the country have been affected by the prevalence of energy poverty. Government policies such as public capital expenditure...

Wie sollte die Wirtschaftspolitik im Lichte der Covid-19-Krise, dem Krieg in der Ukraine sowie den laufenden Sanktionen gegen Russland neben weiteren strukturellen Herausforderungen in den kommenden Jahren ausgerichtet werden? Schon vor Ausbruch der Covid-19-Krise gab es einen Paradigmenwechsel...

This paper investigates how the institutional arrangement in China's financial market increase the cost of capital for underdeveloped areas. I show that fiscal capacity results in higher leverage but not superior profitability for local government financing vehicles. Infrastructure in fiscally...

I provide evidence of the severe social costs imposed by infrastructure projects that are being implemented (i.e., projects started but not yet completed) in the context of sewerage in Peru. Using a counterfactual implementation predicted from geography-based cost considerations as an...

To build our Republic back better we must build our banks better. The overwhelmingly greater part of our investment capital is now publicly generated yet privately managed. But pervasive and still underappreciated recursive collective action predicaments endemic to all exchange economies,...

To address the inter-connected climate and biodiversity crises, it is crucial to understand whether, and if so how, nature-based solutions are perceived to contribute to carbon neutrality, biodiversity, human well-being and justice outcomes. We propose and explore the concept of carbon-smart...

Key trends in the global infrastructure practices in the context of the sustainable development paradigm are analyzed. Special attention is paid to the conceptual and doctrinal design of new approaches to infrastructure development - the concepts of “sustainable infrastructure” and...

Purpose – This research is to review PPP interventions, propose a PPP stakeholder model and analyze critical success factors (CSFs) by considering public users, UNDP’s Sustainable Development Goals and stakeholders’ success criteria. Design/methodology/approach –Mixed-method research is...

Core infrastructure, which covers transportation, information and communication (ICT), energy, water and sanitation systems, plays a significant role in economic growth. The development of core infrastructure - one of the European Union (EU) Cohesion Policy (CP) priorities - is heavily funded....

CO capture and storage (CCS) is a climate change mitigation strategy aimed at reducing the amount of CO vented into the atmosphere by capturing CO emissions from industrial sources, transporting the CO via a dedicated pipeline network, and injecting it into geologic reservoirs. Designing CCS...

Kein EU-Land investiert so wenig in seine öffentliche Infrastruktur wie Deutschland. Im europäischen Durchschnitt wurden seit 2000 jährlich etwa 3,7% des BIP für Straßen, Schulbau und andere staatliche Investitionen aufgewendet. Deutschland lag mit durchschnittlich 2,1% deutlich darunter....

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...

This paper quantitatively assesses the macroeconomic effects of the recently agreed U.S. bipartisan infrastructure spending bill in a neoclassical growth model. We add to the literature by considering a more detailed tax structure, different types of infrastructure spending and linkages between...

This paper examines the long-term impacts of infrastructural investment. It considers the case of British investment in railway infrastructure in colonial India. Railways had an immediate impact on trade and development in the predominantly agricultural India. In this paper, we show that the...

The paper presents new possibilities for development financing of physical infrastructure and meeting social needs through an innovative structure termed ‘Waqf-Aligned Development Targeted Sukuk’ (WADTS).Waqf-Aligned Development Targeted Sukuk are a family of Sukuk that simultaneously are...

Kommunale Unternehmen verfügen zum einen durch ihre Tätigkeiten und Infrastrukturen über ein enormes Treibhausgasminderungspotenzial, zum anderen sind sie wichtige strategische Partner in der Region und vor Ort, um die anstehende Klimaschutztransformation zu bewältigen. Insbesondere...

This study investigates the variation in attitudes across stakeholders towards investments in the digital economy. Using semi-structured interviews to identify attitudes about the spatially evolving socioeconomic importance of the digital economy in New Zealand, we identified seven distinct yet...

Access to infrastructure supports economic development through structural transformation. This paper investigates the links between investments in electricity, Internet, and transport infrastructure, in isolation and bundled, and economic development in the Lake Chad Region. Using data on the...

This study provides an analysis of economic drivers of the returns of listed digital-, energy-, transportation- and utility infrastructure. Using more than two decades of international data, we validate often mentioned, but rarely investigated infrastructure preconceptions by documenting...

Since the beginning of the invasion of Ukraine by Russia, we have noticed a number of attacks on critical infrastructure. The VigiTrust Global Advisory Board team organized a session on How to Protect Critical Infrastructures during a Geopolitical Crisis (March 30, 2022)Keynote: I outline a...

What factors do private investors consider relevant in Public-Private Partnerships (PPPs)? Are these features of country attractiveness sector specific? In line with increasing demands for infrastructure investments for economic growth and development in recent years, coupled with a huge, yet...

This paper offers a variant of Ricardian model able to structurally interpret the estimate of country-specific variable---transportation infrastructure in a commonly used fixed effect gravity estimation. Guided by this new theoretical framework, this paper shows that transportation...

The objective of this study is to evaluate: (i) the effects of infrastructures on CO2 emission and (ii) how trade openness and governance contribute to mitigating these effects. The results from the system GMM methodology for 36 African countries between the 2003-2019 period show that...

In this study, we take the concept of arrival infrastructures as a starting point to explore refugees' home-making processes in Amsterdam. This concept allows us to look beyond formal infrastructures set up for refugees and to take a closer look at all (f)actors playing a role in refugees'...

Purpose - The purpose of this paper is to examine the influence of export logistics components: shipment arrangements, timely delivery, customs quality, trade infrastructure, and tracking and tracing on export competitiveness of firms in the East African Community (EAC)....

Myanmar has experienced a series of total and partial internet shutdowns since the military coup in February 2021. These restrictions have varied in intensity across the country and over time, ranging from the complete shutdown of all wireless broadband services and nightly shutdowns of fixed...

Transport and logistics services in Myanmar have been substantially hit by the impacts of the February 2021 coup and the surge in Coronavirus disease 2019 (COVID-19) cases. Logistics companies have been affected by rising fuel prices, border closures, and a shortage of shipping containers. While...

The time for action to build a better future and green recovery has never been stronger as we navigate the uncertainty of a world attempting to manage its way out of a triple crisis: debt sustainability, climate change, and pandemic. The fiscal constraints of governments across the globe open...

Evidence for road expansion and electrification as drivers of job creation is limited and mixed, with most studies having considered either one or the other, and only in isolation. This paper estimates the average and heterogeneous impacts of road and electricity investments and the interaction...

Public-private partnerships (PPPs) in infrastructure provision have expanded around the world since the early 1990s. Well-structured PPPs can unleash efficiency gains, but PPPs create liabilities for governments, including contingent ones. This paper assesses the fiscal risks from contingent...

This paper examines the performance of infrastructure companies owned by the state, using the newly created World Bank Database of Infrastructure State-Owned Enterprises (SOEs). The data cover 19 countries and 135 SOEs between 2000 and 2018. The analysis reveals that infrastructure SOEs are...

Does ambient infrastructural quality affect foreign direct investment (FDI) in developing countries This paper investigates how the arrival of high-speed internet in Africa triggered FDI into the banking and technology services sectors. It also explores the role of complementary infrastructure,...

The paper explores the properties of a modern urban model in which households' and firms’ locations in the city are endogenously determined as functions of technology, preferences, and geography. This class of model provides insights into the factors that determine the shape and growth of...

Access to infrastructure supports economic development through structural transformation. This paper investigates the links between investments in electricity, Internet, and transport infrastructure, in isolation and bundled, and economic development in the Lake Chad Region. Using data on the...