Public Investment and Public-Private
Series: Economic Issues No.
||Akitoby, Bernardin |
Hemming, Richard | Schwartz, Gerd
Full Text (PDF file size is 203KB)
Summary: Over the past
three decades, public spending on infrastructure, as
a share of GDP, has been on the decline worldwide.
Although the link between infrastructure investment
and economic growth is not yet fully understood, the
quality of infrastructure clearly affects a
country's productivity, competitiveness in export
markets, and ability to attract foreign investment.
This EI explores the following questions: Should
countries increase public investment in
infrastructure? If the answer is yes, how can they
do so in a fiscally responsible manner? Are
public-private partnerships a viable alternative?