From Global Savings Glut to Financing Infrastructure: The Advent of Investment Platforms

Rabah Arezki, Patrick Bolton, Sanjay Peters, Frederic Samana and Joseph Stiglitz

No 166, OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford

Abstract: This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called "infrastructure investment platforms" are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.

Keywords: Infrastructure; Public Private Partnership; Long-term Investors; Savings; and Investment Policy (search for similar items in EconPapers)
JEL-codes: G30 G38 H49 H54 (search for similar items in EconPapers)
Date: 2015-12-01
New Economics Papers: this item is included in nep-pr~, nep-ppm and nep-tre
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Citations: View citations in EconPapers (8)

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Working Paper: From Global Savings Glut to Financing Infrastructure: The Advent of Investment Platforms (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:oxf:oxcrwp:166

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