Infrastructure Productivity Evaluation

1;Infrastructure ProductivityEvaluation;3 1.1;Contents;5 1.2;Contributors;7 1.3;Chapter 1: Introduction;9 1.3.1;1.1 Infrastructure: What Does the Rear-View Mirror Tell Us About the Way Forward?;9 1.4;Chapter 2: The Productivity of Public Capital: A Meta-analysis;13 1.4.1;2.1 Introduction;13 1.4.2;2.2 Public Capital and Private Output;16 1.4.2.1;2.2.1 Definitions;16 1.4.2.2;2.2.2 Methodologies Employed in the Literature;16 1.4.2.2.1;2.2.2.1 Four Methodological Approaches;17 1.4.2.2.2;2.2.2.2 The Production Function Approach;17 1.4.2.3;2.2.3 Stylized Facts;19 1.4.2.4;2.2.4 Criticisms of the Production Function Approach;21 1.4.3;2.3 A Simple Meta-analysis;22 1.4.3.1;2.3.1 The Meta-sample;23 1.4.3.2;2.3.2 Results of the Meta-analysis;27 1.4.4;2.4 Meta-regression Analysis;29 1.4.4.1;2.4.1 Hypotheses;29 1.4.4.2;2.4.2 Meta-regression Model;31 1.4.4.2.1;2.4.2.1 Methodology;31 1.4.4.2.2;2.4.2.2 Data;31 1.4.5;2.5 Results;32 1.4.6;2.6 Conclusions;36 1.4.7;References;37 1.5;Chapter 3: The Effectiveness of Regional Policy: A Literature Study;41 1.5.1;3.1 Introduction;41 1.5.1.1;3.1.1 Scope;42 1.5.2;3.2 Approach;42 1.5.2.1;3.2.1 Research Quality;43 1.5.3;3.3 Results;43 1.5.3.1;3.3.1 Research Methods;44 1.5.4;3.4 Recent Developments;46 1.5.5;3.5 Conclusions;46 1.5.6;3.6 Recommendations;47 1.5.7;References;52 1.6;Chapter 4: Ex Post Evaluation of Rotterdam Port Investment;55 1.6.1;4.1 Introduction;55 1.6.2;4.2 Ex Post Evaluation of Infrastructure Projects: Too Little, Too Late?;56 1.6.3;4.3 Three Criteria for Ex Post Evaluation;58 1.6.4;4.4 Maasvlakte 1 in Historical Perspective;58 1.6.4.1;4.4.1 Port Policy After 1970;62 1.6.5;4.5 Ex Post Analysis 19682002;65 1.6.5.1;4.5.1 Costs;65 1.6.5.2;4.5.2 Benefits;67 1.6.5.3;4.5.3 Maasvlakte 1 and 2: Ex Post and Ex Ante Results Compared;69 1.6.6;4.6 Conclusion;71 1.6.7;References;71 1.7;Chapter 5: The Productivity of Public Capital in the Netherlands: A Regional Perspective;73 1.7.1;5.1 Introduction;73 1.7.2;5.2 Data and Methodology;75 1.7.2.
1;5.2.1 The Production Function;75 1.7.2.2;5.2.2 Data;76 1.7.2.3;5.2.3 Stylized Facts;77 1.7.3;5.3 Results;79 1.7.3.1;5.3.1 Growth Accounting;79 1.7.3.2;5.3.2 Regression Analysis;81 1.7.4;5.4 Conclusion and Discussion;84 1.7.5;References;86 1.8;Chapter 6: Indirect Effects in European Transport Project Appraisal*;87 1.8.1;6.1 Introduction;87 1.8.2;6.2 Types of Effects;88 1.8.3;6.3 The Case for Harmonisation;91 1.8.4;6.4 Current Practice;92 1.8.4.1;6.4.1 Models;92 1.8.4.1.1;6.4.1.1 The SASI Model;93 1.8.4.1.2;6.4.1.2 The CGEurope Model;95 1.8.4.2;6.4.2 Current Practice in Five Countries;95 1.8.4.2.1;6.4.2.1 The Netherlands;95 1.8.4.2.2;6.4.2.2 The UK;96 1.8.4.2.3;6.4.2.3 Germany;96 1.8.4.2.4;6.4.2.4 Japan;96 1.8.4.2.5;6.4.2.5 The USA;97 1.8.4.3;6.4.3 Survey;97 1.8.4.3.1;6.4.3.1 Is Double Counting Avoided, and How?;98 1.8.4.3.2;6.4.3.2 General Coverage and Assessment Methods;98 1.8.4.3.3;6.4.3.3 Types of Indirect Effects Covered;99 1.8.4.3.4;6.4.3.4 Overview of Types of Effects Covered in CBA;100 1.8.5;6.5 Conclusion;101 1.8.6;References;101 1.9;About the Authors;103