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Social Infrastructure Finance and Institutional Investors. A Global Perspective

Georg Inderst ()

MPRA Paper from University Library of Munich, Germany

Abstract: Social infrastructure has endured a long period of neglect in most developed and emerging countries, with chronic underinvestment exposed by the coronavirus crisis 2020. Private sector investment in social infrastructure has widely fallen back over the last decade - this in contrast to economic infrastructure. One of the outcomes of the last global (financial) crisis 2007/08 was a slow revival of economic infrastructure policies, and a growing involvement of institutional investors. This is the first, more systematic account of social infrastructure investment from an international perspective, leading to several key conclusions. The public sector will remain the dominant funding and financing source. Nonetheless, much more private capital could flow with greater clarity on social assets and projects, given their very diverse specific characteristics. There are various investment strategies that can realistically be improved and expanded. Sustainability, impact and SDG investing open a new door for asset owners.

Keywords: social infrastructure; infrastructure investment; infrastructure finance; infrastructure policy; public-private partnerships; institutional investors; pension funds; infrastructure funds; sustainability investing; impact investments (search for similar items in EconPapers)
JEL-codes: E22 F21 G15 G18 G2 H54 H57 H75 O16 O18 R31 R51 (search for similar items in EconPapers)
Date: 2020-03-18
New Economics Papers: this item is included in nep-mac
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Working Paper: Social Infrastructure Finance and Institutional Investors. A global perspective (2020) Downloads
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