Search results for: economic-analysis-and-infrastructure-investment

Economic Analysis of Infrastructure Investment

Author : Timothy F. Geithner
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Economic Analysis and Infrastructure Investment

Author : Edward L. Glaeser
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This paper summarizes economic research on investment in public infrastructure and introduces the findings of several new studies on this topic. It begins with a review of several potential justifications for the public sector's involvement in building, financing, and operating infrastructure, including limitations of private capital markets, externalities, and the control of natural monopolies. It then describes the conditions that characterize an optimal infrastructure investment program, emphasizing the need to extend project-based microeconomic cost-benefit analysis to incorporate the value of economy-wide macroeconomic and other externalities. It notes the importance of efficient use of infrastructure capital, and discusses three areas -- procurement, project management, and expenditure on externality mitigation - where further research could identify paths to efficiency improvement. It concludes by identifying several trends that have emerged since outbreak of the COVID-19 pandemic that may have long-term effects on the role of both physical and digital infrastructure in the U.S. economy.

Economic Analysis of Infrastructure Investment

Author : United States. Executive Office of the President
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A New Economic Analysis of Infrastructure Investment

Author : U. S. Department of the Treasury
File Size : 74.10 MB
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President Obama's FY 2013 Budget proposes a bold plan to renew and expand America's infrastructure. The plan includes a $50 billion up-front investment connected to a $476 billion six-year reauthorization of the surface transportation program and the creation of a National Infrastructure Bank. In support of this commitment, the Department of the Treasury, with the Council of Economic Advisers, has updated our analysis of the economic effects of infrastructure investment. The new data and analyses confirm and strengthen our finding that now is an ideal time to increase our investment in infrastructure for the following four key reasons: Well-designed infrastructure investments have long-term economic benefits and create jobs in the short run; This economic activity and job creation is especially timely as there is currently a high level of underutilized resources that can be used to improve and expand our infrastructure; Middle-class Americans would benefit disproportionately from this investment through both the creation of middle-class jobs and by lowering transportation costs for American households; and There is strong demand by the public and businesses for additional transportation infrastructure capacity.

A New Economic Analysis of Infrastructure Investment

Author : Council of Economic Advisers (U.S.)
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In this report, we begin by reviewing factors that should influence investment in infrastructure. We review the economic literature regarding returns to infrastructure investment. Next, we consider the specific condition of our economy and labor market, including the availability of workers with the requisite skills, which suggest that now is a particularly favorable time to initiate these investments. Then we analyze the benefits derived by American families and companies from well-functioning infrastructure systems and the costs associated with poor infrastructure systems. Finally, we review public and business sentiment regarding infrastructure investment. --Page 6.

A New Economic Analysis of Infrastructure Investment

Author : U. S. Department U.S. Department of the Treasury
File Size : 43.78 MB
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President Obama's FY 2013 Budget proposes a bold plan to renew and expand America's infrastructure. The plan includes a $50 billion up-front investment connected to a $476 billion six-year reauthorization of the surface transportation program and the creation of a National Infrastructure Bank. In support of this commitment, the Department of the Treasury, with the Council of Economic Advisers, has updated our analysis of the economic effects of infrastructure investment. The new data and analyses confirm and strengthen our finding that now is an ideal time to increase our investment in infrastructure for the following four key reasons: Well-designed infrastructure investments have long-term economic benefits and create jobs in the short run; This economic activity and job creation is especially timely as there is currently a high level of underutilized resources that can be used to improve and expand our infrastructure; Middle-class Americans would benefit disproportionately from this investment through both the creation of middle-class jobs and by lowering transportation costs for American households; and There is strong demand by the public and businesses for additional transportation infrastructure capacity.

Economic Analysis of Infrastructure Investments National Benefits and Local Costs Case Study of a Hydropower Project in Nepal

Author : Sanjay Prasad Gorkhali
File Size : 73.75 MB
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Infrastructure plays a significant role in the economic development of a country. The role of infrastructure is even more important in developing countries that are ravaged by poverty and sluggish economic growth rates. The contribution of infrastructure to economic growth and poverty reduction has been established theoretically and empirically. Due to the inherent characteristics of infrastructure, including the huge amount of resources required for investment, the public sector still plays a pivotal role in the provision of infrastructure particularly in developing countries. Scarcity of resources demands that the allocation of resources to an infrastructure project needs to be based on the efficiency of its usage. However, due to difficulties in observing the Pareto efficiency criterion, compensation test criterion is chosen as the basis for economic analysis for finding an economically desirable resource allocation. Though an economic analysis is undertaken for resource allocation decisions particularly by the multinational development banks, decisions are often based on an incomplete analysis. While the changes in welfare of all affected individuals in a society need to be measured to assess the desirability of a project, the changes in welfare brought about through the project’s environmental and socio-cultural effects are often ignored. Accordingly, this study is aimed at analysing the role of infrastructure in the development of a country and the consequences of discrepancies in assessing economic desirability in practice from its theoretical foundations. The results of the study show that while infrastructure is significant for the economic development of a country, there is a difference in the practice of economic analysis from its theoretical foundations. While it is necessary to include changes in welfare from project’s impacts on both market and non-market goods, in practice the welfare effects from non-market goods are often ignored. The results of the empirical study on a hydropower project in Nepal show that ignoring such changes in the welfare of individuals in the project-affected areas, through environmental impacts of the project, prevent the economic analysis from depicting a project’s true economic desirability. The study states that while infrastructure might be economically desirable at the national level, it may result in welfare losses among people in the project area. Ignoring such a project’s costs would conceal the uneven spatial distribution of the project’s welfare effects, which could not only be a potential cause of dispute and conflict in the project-affected area but also lead to investment in infrastructure that may be detrimental to the pro-poor growth strategy of the country. Bio-data Sanjay Prasad Gorkhali is an independent development consultant based in Kathmandu. He has extensive experience in the field of development research and development management. In 2009, he worked as a Research Fellow at the Institute of Development Research and Development Policy (IEE), Ruhr-University Bochum. Prior to this, from 2004 – 2008, he worked as a Researcher at the same institute. He also has several years of experience working with different development programs in Nepal financed by United Nations Development Program, including Rural Energy Development Program, Micro Enterprise Development Program, Local Governance Program/ Participatory District Development Program Bridging Phase Program, and Development Information Resource and Rural Access Project. He holds a Doctorate in Economics from Ruhr-University Bochum, an MA in Development Management from IEE, Ruhr-University Bochum and an MBA from School of Management, Kathmandu University, Kathmandu.

New Economic Analysis of Infrastructure Investment

Author : Timothy F. Geithner
File Size : 50.19 MB
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President Obama's FY 2013 Budget proposes a bold plan to renew and expand America's infrastructure. The plan includes a $50 billion up-front investment connected to a $476 billion six-year reauthorization of the surface transportation program and the creation of a National Infrastructure Bank. In support of this commitment, the Department of the Treasury, with the Council of Economic Advisers, has updated their analysis of the economic effects of infrastructure investment. The new data and analyses confirm and strengthen their finding that now is an ideal time to increase our investment in infrastructure. Charts and tables. This is a print on demand edition of an important, hard-to-find report.

An economic analysis of transportation infrastructure investment

Author : National Economic Council (U.S.)
File Size : 66.97 MB
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This report describes the long-term economic benefits of transportation investment and why conditions in the infrastructure sector are ripe for innovation, with new technologies and approaches promising significant gains in productivity, efficiency, and resilience. The report has five parts. Part I discusses the long-term benefits from infrastructure investment, which include less road congestion, more reliable shipments and travel times, and higher land values and local economic development. Part II describes immediate job creation in key industries. Part III discusses infrastructure impacts on American families, including impacts on household costs, vehicle operating and maintenance costs, and health and safety. Part IV describes the current budgetary climate. Part V concludes by highlighting the GROW AMERICA Act, a four-year, 302 billion dollar proposal to fund the U.S. transportation system and invest in the nation's future growth. The President's plan addresses the nation's significant infrastructure investment gap through targeted investments now and lays the groundwork for increased efficiency in the future.

Economic and Financial Analysis of Infrastructure Projects

Author : Dipti Ranjan Mohapatra
File Size : 67.11 MB
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Economic and Financial Analysis of Infrastructure Projects (An Edited Volume) is a practical guide and explains step by step methods to carry out an economic or financial analysis for infrastructure projects. It is a unique collection of eleven major infrastructure projects funded World Bank, ADB, AFD different ministries of Government of India, Government of Kenya, Sultanate of Oman and Government Bangladesh. Economic analysis for certain projects has been carried out with reference to projects in similar conditions. There are total eleven chapters in the book and each chapter is based on a real consultancy project as well as a research paper published in international journal. Each chapter deals with complex mathematical calculations in lucid and precise manner, which readers will find interesting. The book envisioned to cater the requirements of master’s and undergraduate management, economics and commerce students studying the subject Project Analysis, Project Management, Development Planning and Project Analysis. This book can be used as a practical guide on project analysis and project management by professional economists and financial experts working in industry. The book is expected to help the researchers and academicians to understand practical application of economics, finance and project management concepts to carry out an economic or financial analysis.

An Economic Analysis of Transportation Infrastructure Investment

Author : Jeffrey Zients
File Size : 71.98 MB
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A high quality transportation network is vital to a high performing economy. Investments by previous generations of Americans -- from the Erie Canal in 1807, to the Transcontinental Railroad in 1869, to the Interstate Highway System in the 1950s and 1960s -- put the country on a path for sustained economic growth, productivity increases, an unrivaled national market for goods and services, and international competitiveness. But today, America's transportation infrastructure is not keeping pace with demands or the needs of our economy. This report shows that the economic benefits of smart infrastructure investment are long-term competitiveness, productivity, innovation, lower prices, and higher incomes, while infrastructure investment also creates many thousands of American jobs in the near-term. It makes that case that Congress should avoid a lapse in funding of the Highway Trust fund which will go insolvent as early as August 2014, putting numerous active projects at risk. Tables and figures. This is a print on demand report.

An Economic Analysis of Road Infrastructure Investment

Author : Timothy Curtis Winn
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Investment Project Design

Author : Lech Kurowski
File Size : 71.92 MB
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Make more informed project investment decisions by knowing what issues to examine in the planning process and how to analyze their impacts Poor or insufficient planning is primarily responsible for the inordinate number of idle and rusting capital facilities around the world, with investment decisions often made on the basis of either intuition or inadequate analysis. Investment Project Design: A Guide to Financial and Economic Analysis with Constraints alerts potential investors and other stakeholders to precipitous changes in the investment milieu as a result of constraints on resources and infrastructure, economic and political turmoil, and population growth. The guide Includes descriptions of specific methods of financial and economic analysis for new investments and for expansion of an existing enterprise Covers project risk assessment, mitigation and avoidance Provides real-life case studies, adapted for presentation, and addresses the design of projects large and small, as well as those in both private and public sectors Features spreadsheet layouts and computations Investment Project Design is the ultimate resource in the methods of designing and appraising investment projects

Economic Analysis of Investment Operations

Author : Pedro Belli
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This books presents general principles and methodologies of quantitative risk analysis; provides theory and practice of how to evaluate health, transport and education projects and describes how to assess the environmental impact of projects. It looks at how the tools of cost benefit analysis can be applied from the point of view of the private sector, public sector, bankers, and the country as a whole. It encourages analysts to answer a number of key questions that are likely to increase success rather than simply describing techniques. This book as aimed at all concerned with resource allocation and is presented in an accessible fashion. It is required reading at World bank Institute courses.

Engineering Economics and Finance for Transportation Infrastructure

Author : Elena S. Prassas
File Size : 49.72 MB
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This textbook provides a fundamental overview of the application of engineering economic principles to transportation infrastructure investments. Basic theory is presented and illustrated with examples specific to the transportation field. It also reviews the history of transportation finance, as well as current methods for funding transportation investments in the U.S. Future problems and potential solutions are also discussed and illustrated.

Financing Infrastructure in Asia and the Pacific

Author : Naoyuki Yoshino
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Governments throughout the Asia-Pacific region recognize the catalyzing role of infrastructure investment for sustainable growth. Yet, they are faced with the problem of financing new infrastructure. This book provides the latest evidence on the impact of infrastructure investment on economic and social indicators. Presenting several country studies, the book explains how infrastructure investment can increase output, taxes, trade, and firm productivity. Based on this evidence, the book proposes innovative modes of infrastructure financing. Written by leading international experts in economic analysis of infrastructure, the book is an invaluable source for policy makers to better design infrastructure projects.

The Economics of Infrastructure Investment

Author : A. Grimes
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Infrastructure as a Catalyst for Regional Integration Growth and Economic Convergence

Author : David W. Roland-Holst
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The decision making process for infrastructural investment choices

Author : AA. VV.
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Information Requirements for Transportation Economic Analysis

Author : National Research Council (U.S.). Transportation Research Board
File Size : 32.62 MB
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Conference participants sought to identify gaps in the data and analytic tools needed to support economic analysis as related to transportation investment and to develop research proposals designed to fill those gaps. The opening day of the conference featured presentations by economists, transportation analysts, and policy makers on the theory and practice of economic analysis and its usefulness to decision makers. The second and third days of the conference revolved around participatory workshops. Six separate working groups deliberated over three questions: (1) What is the appropriate level of investment in transportation to encourage economic health? (2) How should projects be prioritized within a multimodal transportation program? (3) How much revenue is likely to flow from user charges, tolls, and other sources? At the conclusion of its deliberations, each working group developed a list of research proposals, which it then presented to the conference as a whole.