Infrastructure Finance in Europe
Insights into the History of Water, Transport, and Telecommunications
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Product details:
- Publisher OUP Oxford
- Date of Publication 14 January 2016
- ISBN 9780198713418
- Binding Hardback
- No. of pages382 pages
- Size 235x162x26 mm
- Weight 690 g
- Language English 0
Categories
Short description:
The social returns of investment in water, roads, and railways are apparent in the long run, but this distant horizon poses problems to governments and investors. This volume explores the different historical paths to solving the problem of infrastructure finance in Europe, from the fall of the Roman Empire to the end of the 20th century.
MoreLong description:
Funding infrastructure has always been a challenging issue in any country and at any time, yet the topic is still largely unexplored. The social returns of investment in water, roads, railways, or more recently telegraph or communication satellites are often apparent in the long run, but this distant horizon poses special problems to governments and investors. This volume provides a broad overview of the main financing solutions implemented in Europe to support infrastructures from the fall of the Roman Empire up to the end of the 20th century.
It explores the diverse historical paths pursued in order to solve the problem of infrastructure finance in various European countries, and draws upon the findings of an international and interdisciplinary research project. It brings together case studies by economic historians, economists, and engineers, and the clear taxonomy guides the reader through the financing solutions that have been developed to fund infrastructure over almost three thousand years. The volume is organized into four parts; after an introductory chapter by the editors, Part One offers 'horizontal' contributions that cover the history of European infrastructure finance. Parts Two, Three, and Four each focus on a single sector, namely water, transport, and telecommunications. The findings show how history can inform thinking on contemporary infrastructure problems.
Table of Contents:
Introduction: The History of European Infrastructure Finance: An Analytical Framework
Part One: The History of European Infrastructure Finance: From the Middle Ages to the Present Era
Infrastructure Financing in Medieval Europe: On and Beyond 'Roman Ways'
Infrastructure Financing in the Early Modern Age: The Beginning of a 'Little Divergence'
Infrastructure Investments and the Shaping of Modern Finance
Part Two: Water
Corvée versus Money in Water Infrastructure in the Alps: The Rû Courtaud, 1393-2013
The Finance of Local Public Goods at the Onset of Industrialization: Water in Paris, 1807-1925
The Finance of Local Public Goods at the Onset of Industrialization: Water in London, 1582-1904
Part Three: Transport
Paying for the First Motorways: Italy, 1923-1941
Railway Financing before Nationalization: Spain, 1855-1941
Railway Financing: Europe in the 20th Century
Part Four: Telecommunications
Role of the State in Telecommunications Infrastructure Financing across Europe: The Telephony Service from 1880s to World War I
Financing Telegraph Infrastructures, 1850-1900
The Public-Private Partnership in the Italian Satellite Telecommunication System Design: SIRIO and Italsat, 1969-1996
