THE DYNAMICS OF DOMESTIC AND INTERNATIONAL INFRASTRUCTURE INVESTMENTS
Articles, 2013, vol. 40, issue 3
This paper analyses the optimal investment policy in domestic and international infrastructure through a model of competition among countries. The framework provided by Martin and Rogers [Martin, P. and Rogers, C., 1995, Industrial location and public infrastructure, Journal of International Economics, 39, 335-51.] is here extended to include dynamic aspects. The optimal investment trajectories are characterized in two situations : first, when coordination among countries is reached and second when countries behave egoistically. Since international infrastructure produces positive externalities, it emerges that the second situation is sub-optimal.
References: Add references at CitEc
Citations Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jte:journl:2013:3:40:2
Access Statistics for this article
More articles in Articles from International Journal of Transport Economics
Series data maintained by Alessio Tei ().