Infrastructure finance in Europe : insights into the history of water, transport, and telecommunications
Title: Infrastructure finance in Europe : insights into the history of water, transport, and telecommunications
Citation: Oxford : Oxford University Press, 2016, Oxford scholarship online ; Economics and Finance module
ISBN: 9780191781841; 9780198713418
Although funding infrastructure has always been a challenging issue in any country and at any time, the topic is still largely unexplored. A European history of infrastructure financing over the long term does not yet exist, and the purpose of this book is to partially fill that gap. It explores the diverse historical paths pursued in order to solve the problem of infrastructure finance in various European countries, drawing upon the findings of an international and interdisciplinary research project. Economic historians, economists, and engineers grouped together to investigate case studies showing paradigmatic examples and to unravel their specificities across the Old Continent by combining evidence from the literature and untapped sources. The volume is structured into four sections; after an introductory chapter by the editors, the first section offers ‘horizontal’ contributions that encompass the entire history of European infrastructure finance. The other three sections deal with one single sector each, namely water, transport, and telecommunications. The recipients of this investigation are not only economic historians but also all those who deal with infrastructure planning, such as policymakers, economists, and engineers, who have to disentangle complex problems relating to financing issues. They all can draw from these chapters’ original insights and interactions between theory and policy issues. The book shows that one single pattern fitting all does not exist in infrastructure financing, and it invites us to consider history as a research laboratory in which to understand why the economic and financial dogmas of our times are challenged by past experience.
Table of Contents:
Youssef Cassis, Giuseppe De Luca, and Massimo Florio: 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 1: Giuseppe De Luca: Infrastructure Financing in Medieval Europe: On and Beyond 'Roman Ways' 2: Marcella Lorenzini: Infrastructure Financing in the Early Modern Age: The Beginning of a 'Little Divergence' 3: Youssef Cassis: Infrastructure Investments and the Shaping of Modern Finance Part Two: Water 4: Massimo Florio: Corvée versus Money in Water Infrastructure in the Alps: The Rû Courtaud, 1393-2013 5: Olivier Crespi Reghizzi: The Finance of Local Public Goods at the Onset of Industrialization: Water in Paris, 1807-1925 6: Hugh Goldsmith and Dan Carter: The Finance of Local Public Goods at the Onset of Industrialization: Water in London, 1582-1904 Part Three: Transport 7: Enrico Berbenni: Paying for the First Motorways: Italy, 1923-1941 8: Pedro Paolo Ortúñez Goicolea: Railway Financing before Nationalization: Spain, 1855-1941 9: Björn Wündsch: Railway Financing: Europe in the 20th Century Part Four: Telecommunications 10: Damir Agic and Nico Grove: Role of the State in Telecommunications Infrastructure Financing across Europe: The Telephony Service from 1880s to World War I 11: Simone Fari: Financing Telegraph Infrastructures, 1850-1900 12: Matteo Landoni: The Public-Private Partnership in the Italian Satellite Telecommunication System Design: SIRIO and Italsat, 1969-1996
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