Data di Pubblicazione:
2016
Citazione:
Introduction: The History of the European Infrastructure Finance: An Analytical Framework / Y. Cassis, G. De Luca, M. Florio - In: Infrastructure Finance in Europe. Insights into the History of Water, Transport, and Telecommunications. / [a cura di] Y. Cassis, G. De Luca, M. Florio. - Prima edizione. - New York : Oxford University Press, 2016 Jan. - ISBN 9780198713418. - pp. 1-36
Abstract:
How have socio-economic resources been mobilized to pay public works – affected by a fundamental intertemporal mismatch between social costs and benefits – from the Roman Age up to twenty century-Europe? This chapter tries to answer this question, first looking at finance in a broad sense, as a set of mechanisms bringing resources to infrastructure, second focusing on some core factors as technological and organizational change, public and private involvement, national and international drivers. A final taxonomy, then, outlines the macrotypes of infrastructure financing that have been analyzed in the book, showing clearly how it is impossible to identify a unique pattern of infrastructure finance that always and everywhere is superior in terms of long term-sustainability, growth and welfare effects. History teaches us that there are no recipes, but only a set of stories that may suggest some analogies to contemporary problems and may represent a way of testing conventional hypothesis.
Tipologia IRIS:
03 - Contributo in volume
Keywords:
Infrastructure, finance, history ; technological innovation ; organizational change ; political and social agenda ; international and domestic economy ; taxonomy of infrastructure finance
Elenco autori:
Y. Cassis, G. De Luca, M. Florio
Link alla scheda completa:
Titolo del libro:
Infrastructure Finance in Europe. Insights into the History of Water, Transport, and Telecommunications.