International Aspects of Public Infrastructure Investment

Panicos O. Demetriades ()
Authors registered in the RePEc Author Service: Edgar Morgenroth ()

No 8-98, CIBS Research Papers in International Business from London South Bank University CIBS

Abstract: Modelling infrastructure as an international public good in a two country model of trade where each country's social planner behaves strategically, we show that the equilibrium levels of infrastructure are sub-optimal from a global perspective. Utilising an appropriate econometric framework and data from 14 countries over the period 1971-90, we find evidence that accords well with the main predictions of our theory. Thus, we are able to offer a plausible theoretical explanation why public capital may be under-supplied, as suggested by previous empirical literature.

Keywords: public; infrastructure; investment (search for similar items in EconPapers)
JEL-codes: F10 F42 H42 (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sbu.ac.uk/cibs/acrobats/8demet98.pdf Full text (application/pdf)
None

Related works:
Journal Article: International aspects of public infrastructure investment (2003)
Working Paper: International Aspects of Public Infrastructure Investment (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:sbu:cibswp:8-98

Ordering information: This working paper can be ordered from
http://www.lsbu.ac.uk/cibs/

The price is Free.

Access Statistics for this paper

More papers in CIBS Research Papers in International Business from London South Bank University CIBS
Address: London South Bank University Business School 103 Borough Road London SE1 0AA United Kingdom
Contact information at EDIRC.
Series data maintained by Michael Rigby ().