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Infrastructure: What Is Needed and How Do We Pay for It?
Author(s) -
Keating Michael
Publication year - 2008
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.2008.00517.x
Subject(s) - investment (military) , critical infrastructure , business , water infrastructure , transport infrastructure , finance , return on investment , public economics , economics , microeconomics , engineering , computer security , political science , computer science , transport engineering , production (economics) , water supply , environmental engineering , politics , law
Claims of an infrastructure crisis lack definition, and fail to provide evidence that investment projects that would generate an economic return, including both private and social benefits, are not being funded.This paper shows how setting economic prices for energy, water, transport and communications will provide a better guide to the optimal amount of future infrastructure investment than the likely responses by proponents of an alleged infrastructure crisis.