Options for Benchmarking Infrastructure Performance

22 Pages Posted: 15 May 2012

See all articles by Mauro Pisu

Mauro Pisu

OECD; Leverhulme Centre for Research on Globalisation and Economic Policy; National Bank of Belgium

Peter Hoeller

Organization for Economic Co-Operation and Development (OECD)

Isabelle Joumard

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO)

Date Written: April 27, 2012

Abstract

Three main approaches can be used to assess infrastructure performance. The first employs macro-econometric techniques to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth-maximising level. This approach neglects the impact of infrastructure on some dimensions of social welfare, such as pollution. The second relies on ex-ante or ex-post cost-benefit analyses of infrastructure projects. These take into account desirable and undesirable outcomes and provide thus a welfare perspective, but this approach would not allow comparing the performance of the existing infrastructure stock. A third approach aims at benchmarking the social efficiency of infrastructure service provision based on the existing capital stock taking into account positive and negative externalities. This paper analyses the challenges in implementing these approaches.

Keywords: Cost-benefit analysis, efficiency, infrastructure

JEL Classification: D61, D62, H41, H54

Suggested Citation

Pisu, Mauro and Hoeller, Peter and Joumard, Isabelle, Options for Benchmarking Infrastructure Performance (April 27, 2012). OECD Working Paper No. 956, Available at SSRN: https://ssrn.com/abstract=2060099 or http://dx.doi.org/10.2139/ssrn.2060099

Mauro Pisu (Contact Author)

OECD ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Leverhulme Centre for Research on Globalisation and Economic Policy ( email )

University of Nottingham
School of Economics
Nottingham, NG7 2RD
United Kingdom

National Bank of Belgium ( email )

Research Department
Boulevard de Berlaimont 14
Brussels, 1000
Belgium

Peter Hoeller

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Isabelle Joumard

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO) ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
63
Abstract Views
621
rank
378,446
PlumX Metrics