Public Capital, Growth and Welfare

Analytical Foundations for Public Policy

Business & Finance, Economics, Economic Development
Cover of the book Public Capital, Growth and Welfare by Pierre-Richard Agénor, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Pierre-Richard Agénor ISBN: 9781400845392
Publisher: Princeton University Press Publication: December 23, 2012
Imprint: Princeton University Press Language: English
Author: Pierre-Richard Agénor
ISBN: 9781400845392
Publisher: Princeton University Press
Publication: December 23, 2012
Imprint: Princeton University Press
Language: English

In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect?

Taking a rigorous look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing together a vast amount of research in one unifying framework, Pierre-Richard Agénor finds that in considering investment in infrastructure, a variety of externalities need to be factored into analytical models and introduced in policy debates. Lack of access to infrastructure not only constrains the expansion of markets and private investment, it may also hinder the achievement of health and education targets. Ease of access, conversely, promotes innovation and empowers women by allowing them to reallocate their time to productive uses.

Laying a solid foundation of economic facts and ideas, Public Capital, Growth, and Welfare provides a comprehensive look at the critical role of public capital in development.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect?

Taking a rigorous look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing together a vast amount of research in one unifying framework, Pierre-Richard Agénor finds that in considering investment in infrastructure, a variety of externalities need to be factored into analytical models and introduced in policy debates. Lack of access to infrastructure not only constrains the expansion of markets and private investment, it may also hinder the achievement of health and education targets. Ease of access, conversely, promotes innovation and empowers women by allowing them to reallocate their time to productive uses.

Laying a solid foundation of economic facts and ideas, Public Capital, Growth, and Welfare provides a comprehensive look at the critical role of public capital in development.

More books from Princeton University Press

Cover of the book GDP by Pierre-Richard Agénor
Cover of the book Masada by Pierre-Richard Agénor
Cover of the book Physics and Technology for Future Presidents by Pierre-Richard Agénor
Cover of the book Rewriting the Soul by Pierre-Richard Agénor
Cover of the book Digital Cash by Pierre-Richard Agénor
Cover of the book On Psychological and Visionary Art by Pierre-Richard Agénor
Cover of the book Love, Money, and Parenting by Pierre-Richard Agénor
Cover of the book Building an American Empire by Pierre-Richard Agénor
Cover of the book What We Owe Iraq by Pierre-Richard Agénor
Cover of the book Making Human Rights a Reality by Pierre-Richard Agénor
Cover of the book Terrified by Pierre-Richard Agénor
Cover of the book As If God Existed by Pierre-Richard Agénor
Cover of the book The Dancing Lares and the Serpent in the Garden by Pierre-Richard Agénor
Cover of the book Cunning by Pierre-Richard Agénor
Cover of the book The Neanderthal Legacy by Pierre-Richard Agénor
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy