This text examines the complex relationships between infrastructure and the rest of the economy. In particular, it focuses on the contentious issue of whether or not infrastructure investments stimulate productivity growth, as well as on issues of pricing and ownership, and on such development problems as environmental damage. Methods discussed in the book range from traditional production function models and compensating variation approaches to nonlinear methods of dynamic analysis. There is emphasis placed on the ability of these different methods to allow for the complex interdependencies involved. Six of the 15 papers in the book deal with these methodological aspects, whereas the remainder address specific cases or examples in a variety of countries (Europe, USA and developing countries).
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1. Infrastructure and the Complexity of Economic Development: An Exploratory Introduction.- A: Infrastructure And Productivity.- 2. Infrastructure and Manufacturing Productivity: Regional Accessibility and Development Level Effects.- 3. Assessing the Role of Infrastructure in France by Means of Regionally Estimated Production Functions.- 4. The Linkage Between Transportation Infrastructure Investment and Productivity: A U.S. Federal Research Perspective.- 5. Public Capital, Private Sector Productivity and Economic Growth: A Macroeconomic Perspective.- B: Infrastructure Policy: Pricing And Ownership Issues.- 6. Infrastructure, Wages and Land Prices.- 7. Intergovernmental Fiscal Relations in California: A Critical Evaluation.- 8. Does Multiplicity Matter more than Ownership in the Efficiency of Infrastructure Services?.- 9. Ownership, Investment and Pricing of Transport and Communications Infrastructure.- C: The Complexity Of Economic Development.- 10. Complexity, Adaptability and Flexibility in Infrastructure and Regional Development: Insights and Implications for Policy Analysis and Planning.- 11. Production Milieu and Competitive Advantages.- 12. A Review of Infrastructure’s Impact on Economic Development.- 13. Infrastructure and Urban Development: The Case of the Amsterdam Orbital Motorway.- 14. Innovative Capacity, Infrastructure and Regional Policy.- 15. Valuations of Environmental Externalities: Some Recent Results.- Author Index.- List of Contributors.
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