International aspects of public infrastructure investment

Spiros Bougheas, Panicos Demetriades and Edgar Morgenroth

Canadian Journal of Economics, 2003, vol. 36, issue 4, 884-910

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, in general, the equilibrium levels of infrastructure are not optimal from a global perspective. Utilizing an appropriate econometric framework and data from 16 European countries over the period 1987-95, we find evidence that is consistent with the predictions of our model.

JEL-codes: F10 F42 H42 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (25)

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Related works:
Journal Article: International aspects of public infrastructure investment (2003)
Working Paper: International Aspects of Public Infrastructure Investment (2001)
Working Paper: International Aspects of Public Infrastructure Investment (1998)
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