The political economy of major infrastructure in the UK
Coelho, Miguel Castro and Dellepiane, Sebastian (2016) The political economy of major infrastructure in the UK. Fraser of Allander Economic Commentary, 39 (3). pp. 105-125. ISSN 2046-5378
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Abstract
Evidence has been accumulating that UK infrastructure is under enormous pressure and is holding back economic growth. Although these problems have been receiving increasing attention from media and political commentators, there has been little effort to understand systematically their policy and institutional roots. This paper fills this gap by examining the political economy of infrastructure policy and presenting a series of case studies to illustrate our theoretical predictions. We find evidence that the British political system amplifies the risk of policy failure around infrastructure in the form of short-sightedness, policy instability, a weak evidence base and a lack of public consent.
ORCID iDs
Coelho, Miguel Castro and Dellepiane, Sebastian ORCID: https://orcid.org/0000-0003-0318-8611;-
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Item type: Article ID code: 55903 Dates: DateEvent3 March 2016Published24 February 2016AcceptedSubjects: Social Sciences > Economic Theory Department: Faculty of Humanities and Social Sciences (HaSS) > Government and Public Policy > Politics
Strathclyde Business School > Fraser of Allander InstituteDepositing user: Pure Administrator Date deposited: 15 Mar 2016 14:58 Last modified: 27 Sep 2024 00:55 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/55903