The Experts below are selected from a list of 225 Experts worldwide ranked by ideXlab platform
Jan K Brueckner - One of the best experts on this subject based on the ideXlab platform.
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Infrastructure Financing and urban development
Journal of Public Economics, 1997Co-Authors: Jan K BruecknerAbstract:Abstract Historically, additions to public Infrastructure necessitated by urban growth have been financed under a cost-sharing approach. In the last several decades, however, Financing of growth has increasingly relied on land-use exactions, where new residents pay for the cost of incremental Infrastructure. Despite the emergence of a formal growth-control literature, there has been virtually no formal analysis of the connection between Infrastructure Financing and urban development. To provide such an analysis, this paper investigates three different schemes for Financing incremental Infrastructure within an urban growth model. The analysis compares an impact-fee scheme to two types of cost-sharing schemes, deriving the effects on urban growth and land values of switching to the impact-fee scheme. The efficient Financing scheme is also identified.
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Infrastructure Financing and urban development the economics of impact fees
Journal of Public Economics, 1997Co-Authors: Jan K BruecknerAbstract:Abstract Historically, additions to public Infrastructure necessitated by urban growth have been financed under a cost-sharing approach. In the last several decades, however, Financing of growth has increasingly relied on land-use exactions, where new residents pay for the cost of incremental Infrastructure. Despite the emergence of a formal growth-control literature, there has been virtually no formal analysis of the connection between Infrastructure Financing and urban development. To provide such an analysis, this paper investigates three different schemes for Financing incremental Infrastructure within an urban growth model. The analysis compares an impact-fee scheme to two types of cost-sharing schemes, deriving the effects on urban growth and land values of switching to the impact-fee scheme. The efficient Financing scheme is also identified.
Phillip O'neill - One of the best experts on this subject based on the ideXlab platform.
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Managing the Private Financing of Urban Infrastructure
Urban Policy and Research, 2016Co-Authors: Phillip O'neillAbstract:AbstractThis article explores the implications of private Financing for the functioning of urban Infrastructure, with a particular emphasis on Australian cities. The article charts the directions of Infrastructure Financing in Australia from the 1980s onwards, being the period when privatisation and financialisation of utilities and state-owned enterprises in Australia gathers momentum. It then explains how Infrastructure emerged globally as an asset class with exposition of how the particular characteristics of urban Infrastructure have proven to be attractive to private capital interests. A concluding section points to directions in Infrastructure Financing that merit close attention from an urban planning perspective.
Gilberto M. Llanto - One of the best experts on this subject based on the ideXlab platform.
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Infrastructure Financing, public-private partnerships and development in the Asia-Pacific region
Asia-Pacific Development Journal, 2016Co-Authors: Gilberto M. Llanto, Adoracion M. Navarro, Ma. Kristina P. OrtizAbstract:Several studies have shown the significant interlinkage between Infrastructure and development among various economies in the Asia-Pacific region. Recognizing the central role of Infrastructure in contributing to the improvement of human welfare and achieving the 2030 Agenda for Sustainable Development, the present paper looks into the following key areas: (1) status of Infrastructure in Asia-Pacific economies and Infrastructure Financing; (2) evidence linking Infrastructure and development; (3) public-private partnership (PPP) as an emerging Infrastructure Financing scheme for developing economies; and (4) the creation of new financial institutions for Infrastructure Financing in the region. Overall, the Asia-Pacific region’s large and expanding Infrastructure needs may be addressed through various forms of Financing. While tax revenues and borrowing will continue to be significant sources of Financing for most economies in the region, PPPs and other emerging sources could play a major role in addressing Infrastructure gaps.
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Infrastructure Financing public private partnerships and development in the asia pacific region
Research Papers in Economics, 2015Co-Authors: Gilberto M. Llanto, Adoracion M. Navarro, Ma. Kristina P. OrtizAbstract:This study discusses the contribution of Infrastructure Financing, with specific emphasis on the public-private partnership (PPP) mode of Financing, to sustainable development in the AsiaPacific region. This paper was prepared for ESCAP by Gilberto Llanto, Adoracion Navarro and Ma. Kristina Ortiz.This study discusses the contribution of Infrastructure Financing, with specific emphasis on the public-private partnership (PPP) mode of Financing, to sustainable development in the Asia-Pacific region. The “post-2015 development agenda” refers to the development agenda for global action and cooperation that will advance development aid picking from the achievements of the Millenium Development Goals by 2015.
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Financing Infrastructure in the philippines fiscal landscape and resources mobilization
Research Papers in Economics, 2014Co-Authors: Gilberto M. Llanto, Adoracion M. NavarroAbstract:This study assessed the sources and levels of Infrastructure Financing in the Philippines for the last five years (2008-2012). [PIDS Discussion Paper No. 2014-01].
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competition policy and regulation in power and telecommunications
2005Co-Authors: Epictetus E Patalinghug, Gilberto M. LlantoAbstract:Following the global trend in using private sector participation in Infrastructure Financing and development, the Philippines has largely utilized privatization as a major approach to the development of Infrastructure, particularly in power, water, transport, and telecommunications sectors. To provide a legal framework for private sector participation in Infrastructure projects, Congress passed the build-operate-transfer (BOT)law, as amended, to expand the scope of private sector involvement in Infrastructure provision. Regulatory reform has accompanied the effort to ensure operational efficiency and competitive provision. This paper intends to review and evaluate the regulatory framework that has been established or suggested for the Philippines, focusing on the power and telecommunications sectors. This study will primarily evaluate the existing regulatory framework. It aims to identify issues and gaps, paying particular attention on the competition-related provisions as well as the institutional capacities of regulatory institutions.
Ma. Kristina P. Ortiz - One of the best experts on this subject based on the ideXlab platform.
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Infrastructure Financing, public-private partnerships and development in the Asia-Pacific region
Asia-Pacific Development Journal, 2016Co-Authors: Gilberto M. Llanto, Adoracion M. Navarro, Ma. Kristina P. OrtizAbstract:Several studies have shown the significant interlinkage between Infrastructure and development among various economies in the Asia-Pacific region. Recognizing the central role of Infrastructure in contributing to the improvement of human welfare and achieving the 2030 Agenda for Sustainable Development, the present paper looks into the following key areas: (1) status of Infrastructure in Asia-Pacific economies and Infrastructure Financing; (2) evidence linking Infrastructure and development; (3) public-private partnership (PPP) as an emerging Infrastructure Financing scheme for developing economies; and (4) the creation of new financial institutions for Infrastructure Financing in the region. Overall, the Asia-Pacific region’s large and expanding Infrastructure needs may be addressed through various forms of Financing. While tax revenues and borrowing will continue to be significant sources of Financing for most economies in the region, PPPs and other emerging sources could play a major role in addressing Infrastructure gaps.
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Infrastructure Financing public private partnerships and development in the asia pacific region
Research Papers in Economics, 2015Co-Authors: Gilberto M. Llanto, Adoracion M. Navarro, Ma. Kristina P. OrtizAbstract:This study discusses the contribution of Infrastructure Financing, with specific emphasis on the public-private partnership (PPP) mode of Financing, to sustainable development in the AsiaPacific region. This paper was prepared for ESCAP by Gilberto Llanto, Adoracion Navarro and Ma. Kristina Ortiz.This study discusses the contribution of Infrastructure Financing, with specific emphasis on the public-private partnership (PPP) mode of Financing, to sustainable development in the Asia-Pacific region. The “post-2015 development agenda” refers to the development agenda for global action and cooperation that will advance development aid picking from the achievements of the Millenium Development Goals by 2015.
Chris Sayers - One of the best experts on this subject based on the ideXlab platform.
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public Infrastructure Financing an international perspective
Social Science Research Network, 2009Co-Authors: Chris Chan, Danny Forwood, Heather Roper, Chris SayersAbstract:This study examines the vehicles used to finance public Infrastructure in Australia and in a selection of comparable overseas countries - the study does not include an assessment of the adequacy of current Infrastructure stocks or investment. The studied vehicles include: budget appropriations; specific-purpose securitised borrowing; off-budget Financing by government businesses; development contributions; and contractual arrangements with the private sector involving the injection of private equity in assets that are eventually fully owned by the public. The countries included in the study are Australia, Canada, France, Germany, New Zealand, Sweden, the United Kingdom and the United States - all of these countries have mature capital markets, as well as broadly similar standards of Infrastructure and institutional arrangements. Background information on Financing arrangements is presented for each country, including data on investment trends and the potential drivers of those trends. The application of each Financing vehicle is explored to identify the issues that have influenced their choice at each level of government - the characteristics examined include risk management, information asymmetries, transaction costs and flexibility. The strengths and weaknesses of each vehicle are assessed in terms of the disciplines they impose on productive efficiency through the management of project risk, the allocative efficiency of the investment decision and the implications for the total costs of Financing.
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public Infrastructure Financing an international perspective
Research Papers in Economics, 2009Co-Authors: Chris Chan, Danny Forwood, Heather Roper, Chris SayersAbstract:General government investment in Infrastructure has fallen in recent years for most of the countries in this study, (information is not available to assess whether this is true for public investment more generally). Nevertheless, overall investment in Infrastructure has remained fairly steady in recent years, although volatile in some countries. Total Australian investment in Infrastructure has rebounded in recent years to just below 6 per cent of GDP in 2006-07. Sub-national governments undertook 76 per cent of public Infrastructure investment, with government trading enterprises accounting for around half of this. With the global financial crisis, governments are looking to Infrastructure investment as a way of stimulating the economy. But Financing options have also been constrained by the crisis. Financing decisions are separate from the investment decision and can be made independently. Financing differs from public funding - the latter being the commitment of public revenue to meet any gap between the costs of Infrastructure provision and the revenue from user charges. Funding decisions carry an opportunity cost and deadweight loss of raising taxes. Budget appropriations, financed on a pay-as-you-go basis or from public debt, remain the major form of Financing for government investment in Infrastructure (63 per cent in 2006-07). Specific-purpose bonds, where repayment is linked to the performance of the asset, are a major source of finance in the United States and Canada, but were phased out in the 1980s in Australia. Public-private partnerships (PPP), where the government contracts a private partner to variously finance, design, build and operate Infrastructure assets for a fixed period, are growing in use. Used extensively in the United Kingdom, in Australia they made up 6 per cent of public investment in 2006-07 - higher in New South Wales and Victoria. Some approaches used to finance public Infrastructure can improve efficiency and lower the life-time project cost through - better management of project risk by aligning incentives for risk management with the capacity to manage the risk; improvements in information, contract negotiation and management and other transaction activities that pay-off in better risk management and cost savings; bringing greater market or other scrutiny to bear on the investment, and imposing the costs on potential beneficiaries to better reveal their willingness to pay. The most efficient Financing vehicle will depend on the nature of the investment, the degree of asymmetry of information, the potential for competition, and the skills of the government as negotiators and contract managers. The potential for governments to shift risk onto private partners may be limited, and any non-diversifiable risk assumed by the private sector will be reflected in their required rates of return. PPPs offer considerable potential to reduce project risk, but are costly to transact. If such transactions are off-budget, this may inhibit the scrutiny needed to ensure efficient investment. The views expressed in this paper are those of the staff involved and do not necessarily reflect those of the Productivity Commission.