The political economy of major infrastructure in the UK

Miguel Castro Coelho, Sebastian Dellepiane

Research output: Contribution to journalArticle

87 Downloads (Pure)

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.
Original languageEnglish
Pages (from-to)105-125
Number of pages21
JournalFraser of Allander Economic Commentary
Volume39
Issue number3
Publication statusPublished - 3 Mar 2016

Keywords

  • UK infrastructure
  • UK economics
  • political economy

Fingerprint Dive into the research topics of 'The political economy of major infrastructure in the UK'. Together they form a unique fingerprint.

Cite this