Sutherland, Douglas
[Verfasser:in]
;
Araujo, Sonia
[Sonstige Person, Familie und Körperschaft];
Égert, Balázs
[Sonstige Person, Familie und Körperschaft];
Kozluk, Tomasz J.
[Sonstige Person, Familie und Körperschaft]
Erschienen in:OECD Economics Department Working Paper No 686
Umfang:
1 Online-Ressource (77 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1360870
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March, 16 2009 erstellt
Beschreibung:
Investment in network infrastructure - the energy, water, transport and telecommunication networks - which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better. While the paper shows that investment in the network industries has had a positive effect over and above the addition to the capital stock, there is evidence that investment in the past has sometimes been misallocated. This paper identifies the policy framework that promotes investment that is conducive to growth and ensures the appropriate use of infrastructure. Central aspects of this framework are identified as a robust decision making process, improving the selection of investment projects, the introduction of competitive pressures through the reduction of barriers to entry and vertical separation when this is appropriate. In addition, efficient investment can be promoted by the combination of regulator independence and the application of incentive regulation