Journal of Infrastructure Policy and Development最新文献

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Sustainable port-hinterland intermodal development: Opportunities and challenges for China and India 港-腹地联运可持续发展:中印两国的机遇与挑战
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2020-12-31 DOI: 10.24294/jipd.v4i2.1227
Yimiao Gu, Hui Shan Loh, W. Yap
{"title":"Sustainable port-hinterland intermodal development: Opportunities and challenges for China and India","authors":"Yimiao Gu, Hui Shan Loh, W. Yap","doi":"10.24294/jipd.v4i2.1227","DOIUrl":"https://doi.org/10.24294/jipd.v4i2.1227","url":null,"abstract":"This paper reviews and compares the opportunities and challenges in terms of port and intermodal development in China and India—the two fast-growing economic giants in the world. The study analyzes the future direction of these two countries’ port-hinterland intermodal development from the sustainability perspective. Both China and India face some major opportunities and challenges in port-hinterland intermodal development. The proposal of the Silk Road Economic Belt and the 21st-century Maritime Silk Road, also known as the Belt and Road Initiative (BRI), offers plentiful opportunities for China. A challenge for China is that its development of dry ports is still in the infancy stage and thus it is unable to catch up with the pace of rapid economic growth. As compared with China, India focuses more on the social aspect to protect the welfare of its residents, which in turn jeopardizes India’s port-hinterland intermodal development in the economic sense. The biggest challenge for India is its social institution, which would take a long time to change. These in-depth comparative analyses not only give the future direction of port-hinterland intermodal development in China and India but also provide references for other countries with similar backgrounds.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"1 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81141982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Attracting private financing in cross-border infrastructure investments 在跨境基础设施投资中吸引私人融资
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2020-12-31 DOI: 10.24294/jipd.v4i2.1199
Jyoti Bisbey, Lili Li, Qingyang Gu, Ching-Yuan Chu
{"title":"Attracting private financing in cross-border infrastructure investments","authors":"Jyoti Bisbey, Lili Li, Qingyang Gu, Ching-Yuan Chu","doi":"10.24294/jipd.v4i2.1199","DOIUrl":"https://doi.org/10.24294/jipd.v4i2.1199","url":null,"abstract":"Cross-border infrastructure projects offer significant economic and social benefits for the Asia-Pacific region. If the required investment of $8 trillion in pan-Asian connectivity was made in the region’s infrastructure during 2010–2020, the total net income gains for developing Asia could reach about $12.98 trillion (in 2008 US dollars) during 2010–2020 and beyond, of which more than $4.43 trillion would be gained during 2010–2020 and nearly $8.55 trillion after 2020. Indeed, infrastructure connectivity helps improve regional productivity and competitiveness by facilitating the movement of goods, services and human resources, producing economies of scale, promoting trade and foreign direct investments, creating new business opportunities, stimulating inclusive industrialization and narrowing development gaps between communities, countries or sub-regions. Unfortunately, due to limited financing, progress in the development of cross-border infrastructure in the region is low.This paper examines the key challenges faced in financing cross-border projects and discusses the roles that different stakeholders—national governments, state-owned enterprises, private sector, regional entities, development financing institutions (DFIs), affected people and civil society organizations—can play in facilitating the development of cross-border infrastructure in the region. In particular, this paper highlights the major risks that deter private sector investments and FDIs and provides recommendations to address these risks.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"12 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76689379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The impact of infrastructure investment on economic growth in the United Kingdom 基础设施投资对英国经济增长的影响
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2020-12-31 DOI: 10.24294/jipd.v4i2.1206
R. Seidu, B. Young, H. Robinson, Michael Ryan
{"title":"The impact of infrastructure investment on economic growth in the United Kingdom","authors":"R. Seidu, B. Young, H. Robinson, Michael Ryan","doi":"10.24294/jipd.v4i2.1206","DOIUrl":"https://doi.org/10.24294/jipd.v4i2.1206","url":null,"abstract":"Infrastructure investment has long been held as an accelerator or a driver of the economy. Internationally, the UK ranks poorly with the performance of infrastructure and ranks in the lower percentile for both infrastructure investment and GDP growth rate amongst comparative nations. Faced with the uncertainty of Brexit and the likely negative economic impact this will bring, infrastructure investment may be used to strengthen the UK economy. This study aims to examine how infrastructure funding impacts economic growth and how best the UK can maximize this potential by building on existing work.The research method is based on interviews carried out with respondents involved in infrastructure operating across various sectors. The findings show that investment in infrastructure is vital in the UK as it stimulates economic growth through employment creation due to factor productivity. However, it is critical for investment to be directed to regional opportunity areas with the potential to unlock economic growth and maximize returns whilst stimulating further growth to benefit other regions. There is also a need for policy consistency and to review UK infrastructure policy to streamline the process and to reduce cost and time overrun, with Brexit likely to impact negatively on infrastructure investment.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"45 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83309855","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 11
Hazard analysis on public-private partnership projects in developing Asia 亚洲发展中国家公私合作项目的危害分析
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2020-04-01 DOI: 10.24294/jipd.v4i1.1165
Minsoo Lee, Xuehui Han, Pilipinas F. Quising, Mai Lin Villaruel
{"title":"Hazard analysis on public-private partnership projects in developing Asia","authors":"Minsoo Lee, Xuehui Han, Pilipinas F. Quising, Mai Lin Villaruel","doi":"10.24294/jipd.v4i1.1165","DOIUrl":"https://doi.org/10.24294/jipd.v4i1.1165","url":null,"abstract":"Developing Asia’s infrastructure gap results from both inadequate public resources and a lack of effective channels to mobilize private resources toward desired outcomes. The public-private partnership (PPP) mechanism has evolved to fill the infrastructure gap. However, PPP projects are often at risk of becoming distressed, or worst, being terminated because of the long-term nature of contracts and the many different stakeholders involved. This paper applies survival-time hazard analysis to estimate how project-related, macroeconomic, and institutional factors affect the hazard rate of the projects. Empirical results show that government’s provision of guarantees, involvement of multilateral development banks, and existence of a dedicated PPP unit are important for a project’s success. Privately initiated proposals should be regulated and undergo competitive bidding to reduce the hazard rate of the project and the corresponding burden to the government. Economic growth leads to successful project outcomes. Improved legal and institutional environment can ensure PPP success.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"1 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2020-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82377065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Novel procedures to choose the management of PPPs 选择ppp管理的新程序
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2019-12-05 DOI: 10.24294/jipd.v3i2.1149
B. Frey
{"title":"Novel procedures to choose the management of PPPs","authors":"B. Frey","doi":"10.24294/jipd.v3i2.1149","DOIUrl":"https://doi.org/10.24294/jipd.v3i2.1149","url":null,"abstract":"There is a large literature on public-private-partnership, covering many different areas and aspects. This article deals with a specific but important aspect: the decision-making mechanisms to choose the management of PPP enterprises. In this sector, a suitable choice of managers is of particular importance because the persons chosen must balance the public and private interests. This is often difficult to achieve. Two new procedures are discussed, “Directed Random Choice” and “Rotating CEOs”. In each case, the advantages and disadvantages of the procedure of choosing the managers of PPP enterprises are discussed and evaluated. It is concluded that the two novel mechanisms should be seriously considered when choosing the managers of PPP enterprises.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"16 4 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2019-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83897138","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Public Private Partnership and fiscal illusion: A systematic review 公私合作与财政错觉:系统回顾
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2019-12-05 DOI: 10.24294/jipd.v3i2.1157
A. Cepparulo, G. Eusepi, L. Giuriato
{"title":"Public Private Partnership and fiscal illusion: A systematic review","authors":"A. Cepparulo, G. Eusepi, L. Giuriato","doi":"10.24294/jipd.v3i2.1157","DOIUrl":"https://doi.org/10.24294/jipd.v3i2.1157","url":null,"abstract":"Public-Private Partnerships (PPPs) are mostly presented as a means to introduce efficient procurement methods and better value for money to taxpayers. However, the complexity of the PPP mechanism, their lack of transparency, accounting rules and implicit liabilities make it often impossible to perceive the amount of public expenditure involved and the long-run impact on taxpayers, providing room for fiscal illusion, i.e., the illusion that PPPs are much less expensive than traditional public investments. This psaper, thanks to a systematic review of the literature on the EU countries experience, tries to unveil the sources of this illusion by looking at the reasons behind the PPPs’ choice, their real costs, and the sources of fiscal risks. The literature suggests that PPPs are more costly than public funding, especially when contingent liabilities are not taken into account, and are employed as mechanisms to circumvent budgetary restrictions and to spend off-balance. The paper concludes that the public sector should share more risks with private sectors by reducing the amount of guarantees, and should prevent governments from operating through a sleight of hand that deflects attention away from off-balance financing, by applying a neutral fiscal recording system.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"15 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2019-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91046604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
사회서비스 공공성 확대를 위한 사회서비스원 설립 인식차이 분석 -경기도를 중심으로- 为扩大社会服务公共性设立社会服务院认识差异分析——以京畿道为中心
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2019-06-30 DOI: 10.35224/kapd.2019.19.1.004
임정빈, 유재남
{"title":"사회서비스 공공성 확대를 위한 사회서비스원 설립 인식차이 분석 -경기도를 중심으로-","authors":"임정빈, 유재남","doi":"10.35224/kapd.2019.19.1.004","DOIUrl":"https://doi.org/10.35224/kapd.2019.19.1.004","url":null,"abstract":"본 연구는 사회서비스 공공성 확대를 위한 사회서비스원 설립 찬반 입장 차이를 분석하고 이를 기초로 정책방안을 제시하고자 한다. 이를 위해 경기도 사회복지시설 및 기관 중에서 보육, 노인장기요양, 장애인활동보조, 정신보건서비스 분야의 종사자와 운영자를 대상으로 사회서비스원 설립과 관련하여 찬반입장 차이를 알아보기 위해 이항로지스틱 회귀분석을 실시하였다....","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"19 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85098483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Examining the debt implications of the Belt and Road Initiative from a policy perspective 从政策角度审视“一带一路”倡议对债务的影响
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2019-06-28 DOI: 10.24294/JIPD.V3I1.1123
J. Hurley, Scott A. Morris, Gailyn Portelance
{"title":"Examining the debt implications of the Belt and Road Initiative from a policy perspective","authors":"J. Hurley, Scott A. Morris, Gailyn Portelance","doi":"10.24294/JIPD.V3I1.1123","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1123","url":null,"abstract":"China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, which often entail lending to sovereign borrowers, then BRI raises the risk of debt distress in some borrower countries. This paper assesses the likelihood of debt problems in the 68 countries identified as potential BRI borrowers. We conclude that eight countries are at particular risk of debt distress based on an identified pipeline of project lending associated with BRI.Because this indebtedness also suggests a higher concentration in debt owed to official and quasi-official Chinese creditors, we examine Chinese policies and practices related to sustainable financing and the management of debt problems in borrower countries. Based on this evidence, we offer recommendations to improve Chinese policy in these areas. The recommendations are offered to Chinese policymakers directly, as well as to BRI’s bilateral and multilateral partners, including the IMF and World Bank. ","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"18 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2019-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89803435","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 337
Japanese infrastructure investment in Southeast Asia 日本在东南亚的基础设施投资
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2019-06-05 DOI: 10.24294/JIPD.V3I1.1116
T. Kikuchi, Sayaka Unzaki
{"title":"Japanese infrastructure investment in Southeast Asia","authors":"T. Kikuchi, Sayaka Unzaki","doi":"10.24294/JIPD.V3I1.1116","DOIUrl":"https://doi.org/10.24294/JIPD.V3I1.1116","url":null,"abstract":"Japan’s investment in the domestic construction industry has fallen to less than half its peak in 1992. Given the country’s declining population, Japanese construction companies must go global to remain profitable. To what extent the Japanese government and Japanese companies can contribute to meeting the growing infrastructure needs in the region is unclear as Japanese companies have long been operating primarily in Japan. The Japanese government has in recent years passed a series of new laws that encourage private sector participation in financing, building and operating public infrastructure. Through involvement in such public projects, Japanese companies have developed the skills and technologies to build a variety of infrastructures that are resilient to natural disasters and adaptable to various geographical conditions and social and economic development. But the major challenge for Japanese companies is to transform their business model drastically from one that relies on the domestic market to one that contributes to the social and economic development of third countries.","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"21 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2019-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82980843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
역사문화환경 보호정책의 무형적 편익이 규제순응에 미치는 영향 -역사문화환경 보존지역 거주자의 인식도를 중심으로- 历史文化环境保护政策的无形利益对规制顺应产生的影响——以历史文化环境保护地区居住者的认识度为中心
IF 0.7
Journal of Infrastructure Policy and Development Pub Date : 2019-06-01 DOI: 10.35224/kapd.2019.19.1.001
조일형, OH HYUN JU, 전인석, 채경진
{"title":"역사문화환경 보호정책의 무형적 편익이 규제순응에 미치는 영향 -역사문화환경 보존지역 거주자의 인식도를 중심으로-","authors":"조일형, OH HYUN JU, 전인석, 채경진","doi":"10.35224/kapd.2019.19.1.001","DOIUrl":"https://doi.org/10.35224/kapd.2019.19.1.001","url":null,"abstract":"","PeriodicalId":41907,"journal":{"name":"Journal of Infrastructure Policy and Development","volume":"103 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73659975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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