Medda, FR;
Patel, H;
(2018)
A Prosperous Future: Investing in the Infrastructure Sector.
(ICIF White Paper Collection
).
International Centre for Infrastructure Futures (ICIF): London, UK.
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Abstract
Infrastructure represents the economic backbone of every country, and nowadays, in a global economy where goods and services are interdependent with one another, so too are infrastructure systems. However, in order to realise additional gains from investment in infrastructure sectors, it is important to understand their structure of interdependence. Compared to several other developed economies, the UK has underinvested in its infrastructure system and must now dedicate significant funds to properly upgrade its infrastructure system to cope with increasing economic, environmental and social challenges. Although the failure of one infrastructure can inflict cascading deleterious effects on other interdependent infrastructures, we suggest that the aggregated value of infrastructure can be potentially increased with the correct type of investment. A new paradigm in infrastructure investment is therefore proposed here, one in which the methodology seamlessly can connect economics and finance with technological advances and environmental and social aspects. We discuss an Input-Output model combined with financial index and define investments which allow us to confirm that the interdependency among infrastructures indeed represents a value-added feature.
| Type: | Working / discussion paper |
|---|---|
| Title: | A Prosperous Future: Investing in the Infrastructure Sector |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.14324/000.wp.10060272 |
| Publisher version: | https://doi.org/10.14324/000.wp.10060272 |
| Language: | English |
| Additional information: | Funded by EPSRC & ESRC (grant number EP/K012347/1). |
| Keywords: | Infrastructure interdependency, Input-output analysis, Infrastructure investments, Value-added |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10060272 |
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