Readings

Required Readings

Torrisi, G. "Public Infrastructure: Definition, Classification and Measurement Issues." Economics, Management and Financial Markets 4, no. 3 (2009): 100–24. (PDF)

Moteff, J., et al. "Critical Infrastructures: What Makes an Infrastructure Critical? Report for Congress RL31556." The Library of Congress. 29 January, 2003. (PDF)

Suggested Readings

Heintz, J., et al. "How Infrastructure Investments Support the U.S. Economy: Employment, Productivity, and Growth. Political Economy Research Institute." University of Massachusetts, Amherst, 2009. (PDF - 1.6MB)

Canning, David. "A Database of World Infrastructure Stocks, 1950–95." Policy Research Working Paper no. 1929. World Bank.

American Society of Civil Engineers. "2009 Report Cards for America's Infrastructure." (PDF)

Required Readings

Hardin, Garrett. "The Tragedy of the Commons." Science 162 (1968): 1243–8. (PDF - 1.4MB)

Posner, Richard A. "Theories of Economic Regulation." The Bell Journal of Economics and Management Science 5, no. 2 (1974): 335–58.

United Nations. "The Economic Regulation of Facilities and Services." Chapters 1 and 3 in Bangkok: United Nations—Economic and Social Commission for Asia and the Pacific. 2001.

Suggested Readings

Cubbin, J., and J. Stern. "Regulatory Effectiveness: The Impact of Regulation and Regulatory Governance Arrangements on Electricity Industry Outcomes." Policy Research Working Paper 3536, World Bank, Washington DC, 2005. (PDF)

Svensson, Jakob. "Investment, Property Rights, and Political Instability: Theory and Evidence." European Economic Review 42, no. 7 (1998): 1317–41.

Required Readings

Esfahani, H. S., and M. T. Ramirez. "Institutions, Infrastructure, and Economic Growth." Journal of Development Economics 70, no. 2 (2003): 443–77.

Gramlich, Edward M. "Infrastructure Investment: A Review Essay." Journal of Economic Literature 32, no. 3 (1994): 1176–96.

Department of the Treasury and the Council of Economic Advisers. "An Economic Analysis of Infrastructure Investment." Department of the Treasury and the Council of Economic Advisers. October 11, 2010. (PDF - 1.1MB)

Banerjee, A., and E. Duflo. "Growth Theory through the Lens of Development Economics." In Handbook of Economic Growth. Edited by P. Aghion and S. Durlauf. North Holland, 2006, pp. 473–515. ISBN: 9780444520418.

Suggested Readings

Rohatyn, F. "Erie Canal," "The Rural Electrification Administration," and "The Interstate Highway System." In Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now. Simon & Schuster, 2009. ISBN: 9781416533122. [Preview with Google Books]

Bramati, M. C., and D. Veredas. The Impact of Infrastructure on Growth in East Asia: Technical Report.  Mimeo, World Bank, 2006.

Cadot, O., L. H. Röller, et al. "Contribution to Productivity or Pork Barrel? The Two Faces of Infrastructure Investment." Journal of Public Economics 90, no. 6–7 (2006): 1133–53.

Hulten, C. R. "Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have." NBER Working Paper No. 5847. December 1996.

Required Readings

Munnell, A. H. "How Does Public Infrastructure Affect Regional Economic Performance?" New England Economic Review 34 (1990): 2–22.

Eberts, R. W. "Public Infrastructure and Regional Economic Development." Economic Review Q1 (1990): 15–27. (PDF)

Fan, S., and X. Zhang. "Infrastructure and Regional Economic Development in Rural China." China Economic Review 15, no. 2 (2004): 203–14.

Ghosh, B., and P. De. "Investigating the Linkage between Infrastructure and Regional Development in India: Era of Planning to Globalization." Journal of Asian Economics 15, no. 6 (2005): 1023–50.

Suggested Readings

Eberts, R. W. "Estimating the Contribution of Urban Public Infrastructure to Regional Growth." Working Paper of the Federal Reserve Bank of Cleveland no. 8610, 1986. (PDF)

Polenske, K. R., et al. An Assessment of Public Infrastructure in Massachusetts. Joint Center for Urban Studies of the Massachusetts Institute of Technology and Harvard University, 1983.

Required Readings

Canada West Foundation. New Tools for New Times: A Sourcebook for the Financing, Funding, and Delivery of Urban Infrastructure. Canada West Foundation, 2006, pp. 72–136.

Hanak, Ellen, and Kim Rueben. Funding Innovations for California's Infrastructure: Promises and Pitfalls. Research Paper 06–01. The Keston Institute for Infrastructure Research Paper Series, 2006.

Suggested Readings

Foldvary, Fred E. "Infrastructure: Optimal Private and Governmental Funding and Provision." Economic Affairs 25, no. 1 (2008): 25–30.

Nunn, Samuel. "Budgeting for Public Capital." Journal of Urban Affairs 12, no. 4 (2008): 327–44.

Washington State Legislature. Final Report on Public Infrastructure Programs and Funding Structures. Study Committee on Public Infrastructure Programs and Funding Structures. Olympia, WA, 2007. (PDF)

Required Readings

Gershi, Henrique, and Jaime Sabal. "An Introduction to Project Finance in Emerging Markets." IESA Working paper No. 29. Caracas, Venezuela, 2006. (PDF)

Miller, R., and D. Lessard. "Evolving Strategy: Risk Management and the Shaping of Mega-Projects." In Decision-making on Mega-projects: Cost-benefit Analysis, Planning, and Innovation. Edited by Hugo Priemus, Bent Flyvbjerg, and Bert Van Wee. Edward Elgar Publishing, 2008, pp. 145–72. ISBN: 9781845427375. [Preview with Google Books]

Matsukawa, T., and O. Habeck. "Review of Risk Mitigation Instruments for Infrastructure Financing and Recent Trends and Developments." Trends and Policy Options No. 4, 2007. (Read pages 1–16). (PDF)

Suggested Readings

Ahmed, P. A., et al. Chapter 1 in "Project Finance in Developing Countries." International Finance Corporation, 1999.

Beidleman, et al. "On Allocating Risk: The Essence of Project Finance." Sloan Management Review 31, no. 3 (1990): 47–55.

Brealey, R. A., et al. "Using Project Finance to Fund Infrastructure Investments." Journal of Applied Corporate Finance 9, no. 3 (2005): 25–39.

Required Readings

UNEP. "Financial Risk Management Instruments for Renewable Energy Projects." Summary document. United Nations Environment Programme, 2004. (Read pages 12–44). (PDF)

Bloomberg New Energy Finance. "Crossing the Valley of Death." Solutions to the next generation clean energy project financing gap. 21 June, 2010.

Jamison, E. "From Innovation to Infrastructure: Financing First Commercial Clean Energy Projects." CalCEF, 2010.

Suggested Readings

Milken Institute. "Financial Innovations for Energy Infrastructure: The Grid, Renewables and Beyond." Milken Institute, 2010.

Required Readings

Asif, M., and T. Muneer. "Energy Supply, Its Demand, and Security Issues for Developed and Emerging Economies." Renewable and Sustainable Energy Reviews 11, no. 7 (2007): 1388–413.

National Petroleum Council. Executive summary, chapters 1 and 2 in "Facing the Hard Truths About Energy: A Comprehensive View to 2030 of Global Oil and Natural Gas." July 18, 2007.

Suggested Readings

Blanchard, O. J., and J. Galí. "The Macroeconomic Effects of Oil Price Shocks: Why Are the 2000s So Different from the 1970s?" Paper 07–011, MIT Center for Energy and Environmental Policy Research, 2007. (PDF)

Department of Trade and Industry. Chapter 1 in "Meeting the Energy Challenge: A White Paper on Energy." HMSO, 2007. (PDF)

Pindyck, R. S. "The Long-Run Evolution of Energy Prices." The Energy Journal 20, no. 2 (1999): 1–27. (PDF - 3.3MB)

Required Readings

Congressional Budget Office.Chapters 3 and 4 in The Economics of Climate Change. A Primer. The Congress of the United States, 2003.

Holdren, J. P. "Meeting the Energy Challenge." Science 291, no. 5506 (2001): 945.

United Nations. The Energy Challenge for Achieving the Millennium Development Goals. UN-Energy, 2005. )

Suggested Readings

Babiker, Mustafa, John M. Reilly, and Henry D. Jacoby. "The Kyoto Protocol and Developing Countries." Energy Policy 8, no. 1 (2000): 525–36.

Intergovernmental Panel on Climate Change. Climate Change 2001: Impacts, Adaptation, and Vulnerability. (PDF - 6.5MB) Cambridge University Press, 2001.

Stavins, Robert N. Addressing Climate Change with a Comprehensive U.S. Cap and Trade System. Harvard University. JFK School of Government Working Paper RWP 07–053, 2008. (PDF)

Zweig, David, and B. Jianhai. "China's Global Hunt for Energy." Foreign Affairs, September/October 2005.

Required Readings

Jorgenson, Dale W. "The Role of Energy in Productivity Growth." The American Economic Review 74, no. 2 (1984): 26–30.

Kauffmann, C. "Energy and Poverty in Africa." OECD Working Papers No. 8, 05/2005. OECD Development Center, 2005.

Toman, M., and B. Jemelkova."Energy and Economic Development: An Assessment of the State of Knowledge." Working Paper 9. Stanford University Program on Energy and Sustainable Development, 2005.

Suggested Readings

Asafu-Adjaye, J. "The Relationship between Energy Consumption, Energy Prices, and Economic Growth: Time Series Evidence from Asian Developing Countries." Energy Economics 22, no. 6 (2000): 615–25.

Cheng, B. S., and T. W. Lai. "An Investigation of Co-integration and Causality between Energy Consumption and Economic Activity in Taiwan." Energy Economics 19, no. 4 (1997): 435–44.

Judson, Ruth A., Richard Schmalensee, and Thomas M. Stoker. "Economic Development and the Structure of Demand for Commercial Energy." MIT Center for Energy and Environmental Policy Research, 1998. (PDF)

Templet, Paul H. "Energy, Diversity, and Development in Economic Systems: An Empirical Analysis." Ecological Economics 30, no. 2 (1999): 223–33.

Required Readings (choose two of the following)

Calderón, C., et al. "Latin America's Infrastructure in the Era of Macroeconomic Crises." Chapter 2 in The Limits of Stabilization: Infrastructure, Public Deficits, and Growth in Latin America. Edited by William Easterly and Luis Serven. Stanford University Press, 2003. Focus on energy infrastructure. ISBN: 9780804749725. [Preview with Google Books]

European Commission. Transport and Energy Infrastructure in South East Europe. Directorate General for Energy and Transport, 2001. (PDF - 3.8MB)

Oshikoya, W. T., and M. Nureldin Hussain. "Infrastructure for Economic Development in Africa." In Regional Integration in Africa. Edited by J. Braga de Macedo and O. Kabbaj. OECD Development Centre Seminars, 2001. Focus on energy issues only.

United Nations Economic and Social Commission for Asia and the Pacific. "Energy Infrastructure." Chapter 5 in Enhancing Regional Cooperation In Infrastructure Development Including That Related To Disaster Management. United Nations, 2006. (PDF)

Suggested Readings

Asian Development Bank. Energy Infrastructure: Priorities, Constraints, and Strategies for India. Oxford University Press, 2008. ISBN: 9780195692105.

Caspary, G. The Energy Sector in Latin America: Key Prospects, Risks, and Opportunities. Deutsche Bank Research, 2007. (PDF)

Required Readings

Deffeyes, Kenneth. Chapter 1 in Hubbert's Peak: The Impending World of Oil Shortage. Princeton University Press, 2008. ISBN: 9780691141190. [Preview with Google Books]

Deutch, J., et al. Energy Security and Climate Change. The Triangle Papers no. 61. Trilateral Commission, 2007, pp. 1–20. ISBN: 9780930503901.

Toman, M. A. "The Economics of Energy Security: Theory, Evidence, Policy." Chapter 25 in Handbook of Natural Resource and Energy Economics. Edited by A. V. Kneese and J. Sweeney. Vol. 3. North Holland, 1993, pp. 1167–218. ISBN: 9780444878007. [Preview with Google Books]

Suggested Readings

Antholis, W. J. "Memo to the President: Build a Secure Energy Future." Brookings Institution, 2008.

Nuttall, William J., and Devon L. Manz. "A New Energy Security Paradigm for the Twenty-First Century." Technological Forecasting and Social Change 75, no. 8 (2008): 1247–59. (PDF)

Sagar, Ambuj D., Hongyan H. Oliver, and Ananth P. Chikkatur. "Climate Change, Energy, and Developing Countries." Vermont Journal of Environmental Law 7, no. 1 (2005).

Watkins, G. "Oil Scarcity: What Have the Past Three Decades Revealed?" Energy Policy 34 (2006): 508–14. (PDF)

Williams, P. A. "Projections for the Geopolitical Economy of Oil after War in Iraq." Futures 38, no. 9 (2006): 1074–88.

Required Readings

South Center. Food and Energy Crisis: Time to Rethink Development Policy. Reflections from the High Level North-South Dialogue on Food and Energy Security. Geneva, 2008.

United Nations. Chapter 6 in Achieving Sustainable Development and Promoting Development Cooperation. Department of Economic and Social Affairs. Office for ECOSOC Support and Coordination, 2008. (PDF - 5.1MB)

Suggested Readings

Banse, Martin, et al. "Impact of EU Biofuel Policies on World Agricultural and Food Markets." Presented at the 10th Annual Conference on Global Economic Analysis. Purdue University, 2007.

Peters, J., and S. Thielmann. "Promoting Biofuels: Implications for Developing Countries." Energy Policy 36, no. 4 (2008): 1538–44.

United Nations Food and Agriculture Organization. Declaration of the High-Level Conference on World Food Security: The Challenges of Climate Change and Bioenergy. Rome, June 2008. (PDF)

Required Readings

Gabriele, A. "Policy Alternatives in Reforming Energy Utilities in Developing Countries." Energy Policy 32, no. 11 (2004): 1319–37.

Estache, A., and M. Rossi. "Do Regulation and Ownership Drive the Efficiency of Electricity Distribution? Evidence from Latin America." Economics Letters 86, no. 2 (2005): 253–7.

Walz, R. "The Role of Regulation for Sustainable Infrastructure Innovations: The Case of Wind Energy." International Journal of Public Policy 2, nos. 1–2 (2007): 57–88.

Suggested Readings

Banks, Ferdinand E. Chapter 1 in The Political Economy of World Energy: An Introductory Textbook. World Scientific Publishing Company, 2007. ISBN: 9789812700360.

Joskow, Paul L. "Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks." Prepared for the National Bureau of Economic Research Conference on Economic Regulation, 2007. (PDF)

Guerrero Compeán, R. "Fueling an Omnivorous Car: The Rise, Fall, and Rise of Brazil's Renewable Energy Industry." Industrial Performance Center Energy Innovation Working Paper Series, Massachusetts Institute of Technology, 2009.

Hira, A. Chapter 5 in Political Economy of Energy in the Southern Cone. Praeger, 2003. ISBN: 9780275978303.

Krueger, Anne O. "Government Failures in Development." Journal of Economic Perspectives 4, no. 3 (1990): 9–23.

Molchanov, M. A., and Y. Yevdokimov. "The Political Economy of the Energy Sector in the Central Asia-Caspian Sea Region: A Conceptual Framework." Roundtable on Transnationality and the Conference Transnational Risks—A New Challenge for a Global Society, Berlin, 2004.

Nivola, P. S. "The Political Economy of Nuclear Energy in the United States." CFE Policy Paper Series. The French Center on the United States, May, 2004. (PDF)

Bo, E. Dal, and M. Rossi. "Corruption and Inefficiency: Theory and Evidence from Electric Utilities." Journal of Public Economics 91, nos. 5–6 (2007): 939–62.

Henisz, W. J., and B. A. Zelner. "Interest Groups, Veto Points and Electricity Infrastructure Deployment." International Organization 60 (2006): 263–86.

Woodhouse, E. "Political Economy of International Infrastructure Contracting, Lessons from the IPP Experience." Program of Energy and Sustainable Development Working Paper 52. Stanford University, 2005.