International Aspects of Public Infrastructure Investment

17 Pages Posted: 24 Oct 2003

See all articles by Spiros Bougheas

Spiros Bougheas

University of Nottingham - School of Economics

Panicos Demetriades

University of Leicester - Department of Economics

Edgar L.W. Morgenroth

Economic and Social Research Institute

Abstract

Modelling infrastructure as an international public good in a two-country model of trade where each country's social planner behaves strategically, we show that, in general, the equilibrium levels of infrastructure are not optimal from a global perspective. Utilizing an appropriate econometric framework and data from 16 European countries over the period 1987-95, we find evidence that is consistent with the predictions of our model.

JEL Classification: F10, F42, H42

Suggested Citation

Bougheas, Spiros and Demetriades, Panicos O. and Morgenroth, Edgar L.W., International Aspects of Public Infrastructure Investment. Canadian Journal of Economics, Vol. 36, pp. 884-910, November 2003. Available at SSRN: https://ssrn.com/abstract=459146

Spiros Bougheas (Contact Author)

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom

Panicos O. Demetriades

University of Leicester - Department of Economics ( email )

Department of Economics
Leicester LE1 7RH, Leicestershire LE1 7RH
United Kingdom
+ 44 116 252 2835 (Phone)
+ 44 116 252 2908 (Fax)

HOME PAGE: http://www.le.ac.uk/economics/staff/pd28.html

Edgar L.W. Morgenroth

Economic and Social Research Institute ( email )

Whitaker Square
Sir John Rogerson's Quay
Dublin 2
Ireland
353-1-8632000 (Phone)
353-1-8632100 (Fax)

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