Infrastructure Investment: Links to Growth and the Role of Public Policies
Investment in network infrastructure - the energy, water, transport and telecommunication networks - which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better. While the paper shows that investment in the networ...
Gespeichert in:
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schriftenreihe: | OECD Economics Department Working Papers
no.686 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Investment in network infrastructure - the energy, water, transport and telecommunication networks - which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better. While the paper shows that investment in the network industries has had a positive effect over and above the addition to the capital stock, there is evidence that investment in the past has sometimes been misallocated. This paper identifies the policy framework that promotes investment that is conducive to growth and ensures the appropriate use of infrastructure. Central aspects of this framework are identified as a robust decision making process, improving the selection of investment projects, the introduction of competitive pressures through the reduction of barriers to entry and vertical separation when this is appropriate. In addition, efficient investment can be promoted by the combination of regulator independence and the application of incentive regulation. |
| Beschreibung: | 1 Online-Ressource (77 p.) 21 x 29.7cm. |
| DOI: | 10.1787/225678178357 |
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| spelling | Sutherland, Douglas VerfasserIn aut Infrastructure Investment Links to Growth and the Role of Public Policies Douglas, Sutherland ... [et al] = L'investissement dans les réseaux d'infrastructure : Liens à la croissance et le rôle des politiques / Douglas, Sutherland ... [et al] L'investissement dans les réseaux d'infrastructure : Liens à la croissance et le rôle des politiques Paris OECD Publishing 2009 1 Online-Ressource (77 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.686 Investment in network infrastructure - the energy, water, transport and telecommunication networks - which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better. While the paper shows that investment in the network industries has had a positive effect over and above the addition to the capital stock, there is evidence that investment in the past has sometimes been misallocated. This paper identifies the policy framework that promotes investment that is conducive to growth and ensures the appropriate use of infrastructure. Central aspects of this framework are identified as a robust decision making process, improving the selection of investment projects, the introduction of competitive pressures through the reduction of barriers to entry and vertical separation when this is appropriate. In addition, efficient investment can be promoted by the combination of regulator independence and the application of incentive regulation. Economics Araujo, Sonia MitwirkendeR ctb Égert, Balázs MitwirkendeR ctb Koźluk, Tomasz MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/225678178357 Volltext |
| spellingShingle | Sutherland, Douglas Infrastructure Investment Links to Growth and the Role of Public Policies Economics |
| title | Infrastructure Investment Links to Growth and the Role of Public Policies |
| title_alt | L'investissement dans les réseaux d'infrastructure : Liens à la croissance et le rôle des politiques |
| title_auth | Infrastructure Investment Links to Growth and the Role of Public Policies |
| title_exact_search | Infrastructure Investment Links to Growth and the Role of Public Policies |
| title_full | Infrastructure Investment Links to Growth and the Role of Public Policies Douglas, Sutherland ... [et al] = L'investissement dans les réseaux d'infrastructure : Liens à la croissance et le rôle des politiques / Douglas, Sutherland ... [et al] |
| title_fullStr | Infrastructure Investment Links to Growth and the Role of Public Policies Douglas, Sutherland ... [et al] = L'investissement dans les réseaux d'infrastructure : Liens à la croissance et le rôle des politiques / Douglas, Sutherland ... [et al] |
| title_full_unstemmed | Infrastructure Investment Links to Growth and the Role of Public Policies Douglas, Sutherland ... [et al] = L'investissement dans les réseaux d'infrastructure : Liens à la croissance et le rôle des politiques / Douglas, Sutherland ... [et al] |
| title_short | Infrastructure Investment |
| title_sort | infrastructure investment links to growth and the role of public policies |
| title_sub | Links to Growth and the Role of Public Policies |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/225678178357 |
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