Research Catalog

Infrastructure Investment Links to Growth and the Role of Public Policies

Title
Infrastructure Investment [electronic resource]: Links to Growth and the Role of Public Policies / Douglas Sutherland ... [et al]
Publication
Paris : OECD Publishing, 2009.

Available Online

Full text online available onsite at NYPL

Details

Additional Authors
  • Sutherland, Douglas.
  • Araujo, Sonia.
  • Égert, Balázs.
  • Koźluk, Tomasz.
Description
78 p.; 21 x 29.7cm.
Summary
Investment in network infrastructure – the energy, water, transport and telecommunication networks – which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better. While the paper shows that investment in the network industries has had a positive effect over and above the addition to the capital stock, there is evidence that investment in the past has sometimes been misallocated. This paper identifies the policy framework that promotes investment that is conducive to growth and ensures the appropriate use of infrastructure. Central aspects of this framework are identified as a robust decision making process, improving the selection of investment projects, the introduction of competitive pressures through the reduction of barriers to entry and vertical separation when this is appropriate. In addition, efficient investment can be promoted by the combination of regulator independence and the application of incentive regulation.
Series Statement
OECD Economics Department Working Papers, 1815-1973 ; no.686
Uniform Title
OECD Economics Department Working Papers, no.686.
Subject
Economics
LCCN
10.1787/225678178357
OCLC
oecd-lib-002000
Title
Infrastructure Investment [electronic resource]: Links to Growth and the Role of Public Policies / Douglas Sutherland ... [et al]
Imprint
Paris : OECD Publishing, 2009.
Series
OECD Economics Department Working Papers, 1815-1973 ; no.686
OECD Economics Department Working Papers, 1815-1973 ; no.686.
Connect to:
http://dx.doi.org/10.1787/225678178357
Indexed Term
Economics
Added Author
Sutherland, Douglas.
Araujo, Sonia.
Égert, Balázs.
Koźluk, Tomasz.
Other Standard Identifier
10.1787/225678178357 doi
View in Legacy Catalog