Publication Type
Working Paper
Version
publishedVersion
Publication Date
6-2002
Abstract
This article recounts how a number of strategic infrastructure investment decisions in airport and rail development taken by the Singapore government were at variance with recommendations emerging from Cost-Benefit Analysis, but were considered necessary to support external competitiveness. This link between infrastructure provision and economic development may require decision makers to assess the trade-off between prudent macro-economic planning and efficient micro-economic management for major projects. In the case of airport hubs, the most difficult assessment might be the game consideration of how much, and how far ahead, excess capacity is needed to ensure the dominance of the hub.
Keywords
Transport infrastructure investments, Economic development
Discipline
Asian Studies | Public Economics | Transportation
Research Areas
Applied Microeconomics
First Page
1
Last Page
18
Publisher
SMU Economics and Statistics Working Paper Series, No. 07-2002
City or Country
Singapore
Citation
PHANG, Sock-Yong.
Strategic Development of Airport and Rail Infrastructure: The Case of Singapore. (2002). 1-18.
Available at: https://ink.library.smu.edu.sg/soe_research/1900
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.