OECD Economics Department Working Papers

ISSN :
1815-1973 (online)
DOI :
10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

 

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Author(s):
Mauro Pisu1, Peter Hoeller1, Isabelle Joumard1
Author Affiliations
  • 1: OECD, France

Publication Date
27 Apr 2012
Bibliographic information
No.:
956
Pages
22
DOI
10.1787/5k9b7bnbxjwl-en

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Three main approaches can be used to assess infrastructure performance. The first employs macro-econometric techniques to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth-maximising level. This approach neglects the impact of infrastructure on some dimensions of social welfare, such as pollution. The second relies on ex-ante or ex-post cost-benefit analyses of infrastructure projects. These take into account desirable and undesirable outcomes and provide thus a welfare perspective, but this approach would not allow comparing the performance of the existing infrastructure stock. A third approach aims at benchmarking the social efficiency of infrastructure service provision based on the existing capital stock taking into account positive and negative externalities. This paper analyses the challenges in implementing these approaches.
Keywords:
cost-benefit analysis, efficiency, infrastructure
JEL Classification:
  • D61: Microeconomics / Welfare Economics / Allocative Efficiency; Cost–Benefit Analysis
  • D62: Microeconomics / Welfare Economics / Externalities
  • H41: Public Economics / Publicly Provided Goods / Public Goods
  • H54: Public Economics / National Government Expenditures and Related Policies / Infrastructures; Other Public Investment and Capital Stock