Municipal Finance of Urban Infrastructure: Knowns and Unknowns
AbstractVarious trends, including an increasing emphasis on fiscal decentralization; political democratization in many areas; globalization and the financial liberalization that often accompanies it; growing demands for urban services as urbanization continues in major cities around the world; all argue compellingly for finding ways to help municipalities finance large scale infrastructure. Improved urban infrastructure, for water supply, sanitation, urban transportation and solid waste management is widely believed essential in encouraging and facilitating economic growth. Evidence indicates that those countries most successful in sustaining high growth supported their cities with transformative investments to improve urban infrastructure that could accommodate rapid population growth in major economic centers. This evidence suggests that infrastructure has a strong âsupplysideâ orientation and in practice, it is the effects of infrastructure on âsupplyâ that are most often emphasized. There is also a strong âdemand-sideâ aspect: individuals and businesses value the services that flow from the stock of infrastructure facilities and these demands should be (but are often not) considered in determining the appropriate level of infrastructure investment. In addition to the potential supply-and-demand-side impacts on economic growth, the services of infrastructure also play a significant role in the distribution of income.[Working paper No. 19]
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Tulane University, Department of Economics in its series Working Papers with number 1103.
Length: 27 pages
Date of creation: Apr 2011
Date of revision:
Other versions of this item:
- James Alm, 2010. "Municipal Finance of Urban Infrastructure: Knowns and Unknowns," Working Papers id:2585, eSocialSciences.
- NEP-ALL-2011-04-23 (All new papers)
- NEP-GEO-2011-04-23 (Economic Geography)
- NEP-URE-2011-04-23 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Juan Pablo Nicolini & Josefina Posadas & Juan Sanguinetti & Pablo Sanguinetti & Mariano Tommasi, 2002. "Decentralization, Fiscal Discipline in Sub-National Governments and the Bailout Problem: The Case of Argentina," Research Department Publications 3160, Inter-American Development Bank, Research Department.
- Roy Bahl, 1999.
"Implementation Rules For Fiscal Decentralization,"
International Center for Public Policy Working Paper Series, at AYSPS, GSU
paper9803, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Roy Bahl, 1999. "Implementation Rules For Fiscal Decentralization," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper9901, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- World Bank & International Monetary Fund, 2013. "Global Monitoring Report 2013 : Rural-Urban Dynamics and the Millennium Development Goals," World Bank Publications, The World Bank, number 13330, August.
- Annez , Patricia Clarke & Linn, Johannes F., 2010. "An agenda for research on urbanization in developing countries : a summary of findings from a scoping exercise," Policy Research Working Paper Series 5476, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Finlay).
If references are entirely missing, you can add them using this form.