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International aspects of public infrastructure investment

Spiros Bougheas (), Panicos Demetriades () and Edgar Morgenroth ()

Canadian Journal of Economics/Revue canadienne d'économique, 2003, vol. 36, issue 4, 884-910

Abstract: 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 Classification: F10, F42, H42 Aspects internationaux de l’investissement public dans les infrastructures. Les auteurs présentent un modèle de commerce international entre deux pays dans lequel (1) les planificateurs des deux pays ont un comportement stratégique et (2) les infrastructures sont un bien public international. Ils montrent que, en général, les niveaux d’équilibre des investissements en infrastructure ne sont pas optimaux d’un point de vue global. A l’aide d’un cadre économétrique approprié, et de données pour 16 pays européens entre 1987 et 1995, ils valident les prédictions de leur modèle.

Date: 2003
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https://doi.org/10.1111/1540-5982.t01-3-00005

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