The political economy of major infrastructure in the UK

Miguel Castro Coelho, Sebastian Dellepiane

Research output: Contribution to journalArticle

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.
LanguageEnglish
Pages105-125
Number of pages21
JournalFraser of Allander Economic Commentary
Volume39
Issue number3
Publication statusPublished - 3 Mar 2016

Fingerprint

Political economy
Policy failure
Prediction
Economic growth
Consent
Political system

Keywords

  • UK infrastructure
  • UK economics
  • political economy

Cite this

@article{5814ebb9550b4b57ae3d74dcad791aa6,
title = "The political economy of major infrastructure in the UK",
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.",
keywords = "UK infrastructure, UK economics, political economy",
author = "Coelho, {Miguel Castro} and Sebastian Dellepiane",
year = "2016",
month = "3",
day = "3",
language = "English",
volume = "39",
pages = "105--125",
journal = "Fraser of Allander Economic Commentary",
issn = "2046-5378",
publisher = "University of Strathclyde",
number = "3",

}

The political economy of major infrastructure in the UK. / Coelho, Miguel Castro; Dellepiane, Sebastian.

In: Fraser of Allander Economic Commentary, Vol. 39, No. 3, 03.03.2016, p. 105-125.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The political economy of major infrastructure in the UK

AU - Coelho, Miguel Castro

AU - Dellepiane, Sebastian

PY - 2016/3/3

Y1 - 2016/3/3

N2 - 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.

AB - 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.

KW - UK infrastructure

KW - UK economics

KW - political economy

UR - http://www.strath.ac.uk/fraser/

UR - http://www.strath.ac.uk/frasercommentary/

M3 - Article

VL - 39

SP - 105

EP - 125

JO - Fraser of Allander Economic Commentary

T2 - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 3

ER -