Urban infrastructure for development

Paul Collier · Anthony J. Venables

86 citations0/0 files storedOxford Review of Economic Policy

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Fiscal Policy and Economic Growth Local Government Finance and Decentralization Urban Planning and Governance

Abstract

The paper discusses the importance of infrastructure investment in growing cities, arguing that, in addition to its direct benefits, infrastructure plays crucial roles in enabling density and coordinating private investment decisions. Many cities have failed to invest in sufficient infrastructure due to inadequate financing tools (in particular failure to capture benefits through land value taxation) and fragmented urban authority.

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References

2004Chapter 49 Evidence on the nature and sources of agglomeration economies 2008A meta-analysis of estimates of urban agglomeration economies 1979Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size 2007Evaluating Urban Transport Improvements: Cost–Benefit Analysis in the Presence of Agglomeration and Income Taxation 2008Cities, Agglomeration, and Spatial Equilibrium 2008Transport Prices and Costs in Africa: A Review of the Main International Corridors 2009Africa's Infrastructure 2014The psychology of coordination and common knowledge.

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