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Financing Infrastructure: A Spectrum of Country Approaches

Author

Listed:
  • Sophia Chong

    (Reserve Bank of Australia)

  • Emily Poole

    (Reserve Bank of Australia)

Abstract

Over recent decades, there has been a shift away from public infrastructure financing towards private infrastructure financing, particularly in advanced economies. In this article, infrastructure financing in four countries – China, India, Australia and the United Kingdom – is examined to illustrate the different approaches taken by governments to finance infrastructure and encourage private financing. In all four countries, public financing of infrastructure remains significant, ranging from one-third in the United Kingdom to almost all financing in China.

Suggested Citation

  • Sophia Chong & Emily Poole, 2013. "Financing Infrastructure: A Spectrum of Country Approaches," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 65-76, September.
    • Handle: RePEc:rba:rbabul:sep2013-08
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2013/sep/pdf/bu-0913-8.pdf
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    References listed on IDEAS

    as
    1. David Lancaster & Sarah Dowling, 2011. "The Australian Semi-government Bond Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 49-54, September.
    2. Raffaele Della Croce, 2012. "Trends in Large Pension Fund Investment in Infrastructure," OECD Working Papers on Finance, Insurance and Private Pensions 29, OECD Publishing.
    3. repec:wbk:wbpubs:16055 is not listed on IDEAS
    4. Planning Commission, India, 2011. "Faster, Sustainable and More Inclusive Growth: An Approach to the 12th Five Year Plan," Working Papers id:4452, eSocialSciences.
    5. Chris Chan & Danny Forwood & Heather Roper & Chris Sayers, 2009. "Public Infrastructure Financing: An International Perspective," Staff Working Papers 0902, Productivity Commission, Government of Australia.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Emily Poole & Carl Toohey & Peter Harris, 2014. "Public Infrastructure: A Framework for Decision-making," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Matthew Read (ed.),Financial Flows and Infrastructure Financing, Reserve Bank of Australia.
    2. Ivailo Izvorski & Appolenia Mbowe & Bakyt Dubashov & Katharina Gassner & Michael J. Ferrantino & Roumeen Islam & Tarik Sahovic, 2020. "Kyrgyz Republic Country Economic Memorandum," World Bank Publications - Reports 33494, The World Bank Group.
    3. Ardeshiri, Ali & Rashidi, Taha Hossein, 2020. "Willingness to pay for fast charging station for electric vehicles with limited market penetration making," Energy Policy, Elsevier, vol. 147(C).
    4. Huang, Wei Hong & Chen, Yang & Rudkin, Simon, 2014. "Dynamic Fiscal competition with public infrastructure investment: Austerity and attracting capital inflow," RIEI Working Papers 2014-03, Xi'an Jiaotong-Liverpool University, Research Institute for Economic Integration, revised 02 Mar 2016.
    5. Flanagan, Kathleen & Martin, Chris & Jacobs, Keith & Lawson, Julie & Hayward, Richard Donald, 2019. "A conceptual analysis of social housing as infrastructure," SocArXiv wmuc4, Center for Open Science.
    6. Lyushyna, Yanina, 2017. "Vietnam in ASEAN: International and Economic Transformation," OSF Preprints sxzfw, Center for Open Science.
    7. De Oliveira Alberto, 2020. "Financial innovations and sanitation services: the battle between low-income users and shareholders," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 47(47), pages 63-74, March.
    8. Michael Regan, 2017. "Capital Markets, Infrastructure Investment and Growth in the Asia Pacific Region," IJFS, MDPI, vol. 5(1), pages 1-28, February.

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    More about this item

    Keywords

    infrastructure; G20; financing; investment; public-private partnerships; PPPs; China; India; United Kingdom; Australia;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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