International Aspects of Public Infrastructure Investment
Panicos 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
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)
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)
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)
Persistent link: http://EconPapers.repec.org/RePEc:sbu:cibswp:8-98
Ordering information: This working paper can be ordered from
The price is Free.
Access Statistics for this paper
More papers in CIBS Research Papers in International Business from London South Bank University CIBS London South Bank University Business School 103 Borough Road London SE1 0AA United Kingdom. Contact information at EDIRC.
Series data maintained by Michael Rigby ().