Lack of resources for road infrastructure financing is a problem that currently affects not only eastern European economies but also many other countries especially in relation to the impact of global financial crisis. In this context, we are talking about the socalled short-investment problem as a result of long-term lack of investment resources. Based on an analysis of road infrastructure fin...

Transportation infrastructure significantly contributes to a nation’s prosperity by facilitating workers’ access to employers, consumers’ access to shopping and leisure activities, and firms’ access to capital, labour and potential customers. The public sector has generally provided the vast amount of a nation’s infrastructure – roadways, waterways, railways and airways – and expanded it to sat...

This paper presents a New Economic Geography model with distortionary taxation and endogenized trade costs. Tax revenues finance a public good, infrastructure. We show that the introduction of costly public investment in infrastructure increases agglomerative tendencies. With respect to the regions’ sizes, in the periphery, the price-index for manufacturing goods decreases, whereas for the core...

recognizing their inability to provide infrastructure services efficiently, governments in many developing countries have opened their infrastructure sectors to private investors. The stock of private foreign financing for infrastructure projects in developing countries grew from $0.1 billion in 1988 to $20.3 billion in 1996. The private sector is now involved in areas once considered the prese...

Private-public partnerships (PPPs) are certainly in vogue. Schwartz, Ruiz-Nuñez and Chelsky base their paper on the twin propositions that there is a ‘need’ for infrastructure, and that public finances will not be adequate to finance that ‘need’. On that basis, they then address the question of what types of risk are faced by PPP-financed infrastructure. There is much in the paper that is infor...