IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

The History of European Infrastructure Finance: An Analytical Framework

Listed author(s):
  • Youssef CASSIS

    ()

  • Giuseppe DE LUCA

    ()

  • Massimo FLORIO

    ()

How can socio-economic resources be mobilized to pay for works that offer benefits only in the future, often in the distant future? We discuss what we understand by infrastructure, a term that can have different meanings/semantic contents, and whose definition issues reveal some recurrent conceptual problems. Finance is here understood in the very broad sense of a set of mechanisms bringing to investment, and future benefits, the resources needed in advance to pay for it. We offer a brief discussion of technological and organizational change, as several of our examples and other literature that we cite show that investment and finance decisions are deeply interwoven with knowledge, management, and technical progress. The paper analyses government involvement on both sides of our theme: investment and financing decisions, but also on the wider issue of service provision in the context of emerging widespread social needs. In fact, the social demand for infrastructures often manifests itself as only mediated by governments or a small group of players, while the services offered by the infrastructure have subsequently created general interest, sometimes unexpectedly. We mention the tension between the national and the international dimensions and suggest a taxonomy of the macrotypes of infrastructure financing we have identified, and sums up their spread and evolution over the long term.

If 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.

File URL: http://wp.demm.unimi.it/files/wp/2016/DEMM-2016_05wp.pdf
Download Restriction: no

Paper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2016-05.

as
in new window

Length:
Date of creation: 22 Apr 2016
Handle: RePEc:mil:wpdepa:2016-05
Contact details of provider: Postal:
Via Conservatorio 7, I-20122 Milan - Italy

Phone: +39 02 50321522
Fax: +39 02 50321505
Web page: http://www.demm.unimi.it

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:mil:wpdepa:2016-05. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (DEMM Working Papers)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.