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Sustainably built and funded infrastructure is indispensable to resilient, equitable, and livable communities and regions worldwide. In this rare comparison of infrastructure across countries and sectors, leading international academics and practitioners consider the latest approaches to infrastructure policy, implementation, and finance. Chapters cover land value capture and other funding mechanisms; the role of infrastructure in urban form, economic performance, and quality of life, especially for disinvested communities; and other essential concepts, economic theories, and policy considerations.
The book presents evidence-based solutions and policy considerations for officials in government agencies and private companies that oversee infrastructure services; essential concepts and economic theories for students of infrastructure, planning, and public policy; and a current overview for policy-oriented lay readers.
José A. Gómez-Ibáñez is the Derek C. Bok Professor of Urban Planning and Public Policy Emeritus at Harvard University.
Zhi Liu is director of the China Program at the Lincoln Institute of Land Policy.
Foreword by George W. McCarthy
Preface
1. What Makes Infrastructure Special?
José A. Gómez-Ibáñez and Zhi Liu
PART 1: INFRASTRUCTURE, GROWTH, AND POVERTY
2. Infrastructure Stocks and Macroeconomic Performance Across Countries
Gregory K. Ingram and Zhi Liu
3. Infrastructure and the Poor
Sameh Wahba, Somik Lall, and Hyunji Lee
PART 2: INFRASTRUCTURE AND CITIES
4. Infrastructure and Urban Form
Edward L. Glaeser
5. Infrastructure and the Competitiveness of Cities
Daniel J. Graham, Daniel Hörcher, and Roger Vickerman
PART 3: INVESTMENT APPRAISAL, BIASES, AND POLITICS
6. The Development of Evaluation Methods for Infrastructure Projects
Don H. Pickrell
7. How (In)Accurate Is Cost-Benefit Analysis? Data, Explanations, and Suggestions for Reform
Bent Flyvbjerg and Dirk W. Bester
8. Infrastructure’s Narrow Passage: Between Perverse Excess and Perverse Deficit
John D. Donahue
PART 4: INFRASTRUCTURE FINANCE
9. Infrastructure Finance
Akash Deep
10. Infrastructure Finance Through Land Value Capture
José A. Gómez-Ibáñez, Yu-Hung Hong, and Du Huynh
PART 5: REGULATION, PRIVATIZATION, AND STATE-OWNED ENTERPRISE
11. Infrastructure “Privatization”: When Ideology Meets Evidence
Antonio Estache
12. Price Cap Regulation of Infrastructure
Sock-Yong Phang
13. Evolution of a Regulatory Regime: British Water Industry, 1989–2020
Sir Ian Byatt
14. The Changing Role of State-Owned Enterprises
O. P. Agarwal and Rohit Chandra
PART 6: INFRASTRUCTURE PLANS AND REGIONAL INTEGRATION
15. Transport Infrastructure and the Integration of the European Union
José Manuel Vassallo
16. National Infrastructure Policies in Japan: Focusing on Railways
Fumitoshi Mizutani and Miwa Matsuo
17. High-Speed Rail and City Clusters in China
Zheng Chang
PART 7: COPING WITH RADICAL UNCERTAINTIES
18. Infrastructure and Climate Change
Henry Lee
19. New Technologies in Infrastructure
Shashi Verma
20. Infrastructure and the Sharing Economy
Andrew Salzberg and O. P. Agarwal
Acknowledgments
Index
About the Editors and Contributors
About the Lincoln Institute of Land Policy