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Impact of next generation infrastructure on Australian cities

Conference Paper


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Abstract


  • The quality of the physical infrastructure in our major cities is just as critical as human capital

    development in terms of driving long-run growth in productivity and rising living standards. The provision

    of high-quality and reliable infrastructure network services (like roads, rail and telecommunications) can

    have significant social, environmental and economic payoffs.

    Notwithstanding the obvious intuitive connection between infrastructure investment and economic

    growth, the link between the two is still debated. One reason is that not all infrastructure investment

    supports growth over the long-term. Building a road or rail line that is not used for instance lowers

    productivity and economic growth in the long-term. A second reason is that establishing an empirical

    relationship between infrastructure and economic growth is confounded by a number of statistical issues.

    The most important of these relates to identifying the direction of causality between infrastructure and

    measures of aggregate output (GDP).

    This study takes a microeconomic (or case study) approach to understanding the impact of next

    generation infrastructure (NGI) on the effectiveness of our cities in supporting economic growth and

    higher living standards.

    We first look at the theoretical links between infrastructure investment, productive cities and economic

    growth. We then focus on a hotly debated infrastructure project – the South West Illawarra Rail Link,

    which could potentially better link the Wollongong region to Sydney.

Publication Date


  • 2017

Citation


  • Branigan, J. & Ramezani, F. (2017). Impact of next generation infrastructure on Australian cities. International Symposium for Next Generation Infrastructure 2017 Conference Proceedings (pp. 324-332).

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1256&context=smartpapers

Ro Metadata Url


  • http://ro.uow.edu.au/smartpapers/229

Start Page


  • 324

End Page


  • 332

Abstract


  • The quality of the physical infrastructure in our major cities is just as critical as human capital

    development in terms of driving long-run growth in productivity and rising living standards. The provision

    of high-quality and reliable infrastructure network services (like roads, rail and telecommunications) can

    have significant social, environmental and economic payoffs.

    Notwithstanding the obvious intuitive connection between infrastructure investment and economic

    growth, the link between the two is still debated. One reason is that not all infrastructure investment

    supports growth over the long-term. Building a road or rail line that is not used for instance lowers

    productivity and economic growth in the long-term. A second reason is that establishing an empirical

    relationship between infrastructure and economic growth is confounded by a number of statistical issues.

    The most important of these relates to identifying the direction of causality between infrastructure and

    measures of aggregate output (GDP).

    This study takes a microeconomic (or case study) approach to understanding the impact of next

    generation infrastructure (NGI) on the effectiveness of our cities in supporting economic growth and

    higher living standards.

    We first look at the theoretical links between infrastructure investment, productive cities and economic

    growth. We then focus on a hotly debated infrastructure project – the South West Illawarra Rail Link,

    which could potentially better link the Wollongong region to Sydney.

Publication Date


  • 2017

Citation


  • Branigan, J. & Ramezani, F. (2017). Impact of next generation infrastructure on Australian cities. International Symposium for Next Generation Infrastructure 2017 Conference Proceedings (pp. 324-332).

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1256&context=smartpapers

Ro Metadata Url


  • http://ro.uow.edu.au/smartpapers/229

Start Page


  • 324

End Page


  • 332