کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7386086 | 1480619 | 2014 | 7 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Analysing the fiscal sustainability of transit investment projects: The case of the metropolitan railway of BrasÃlia
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
This paper aims to analyze the fiscal sustainability (FS) of an infrastructure investment infrastructure project. This issue becomes progressively more relevant, as reinforced transport infrastructure investment, albeit being recognized as an important condition for economic growth, may drive public finance into dire straits. Therefore, after consolidating a concept of FS for infrastructure investment and its evaluation parameters (solvency, liquidity and robustness), they are tested in a case study (Metropolitan System in BrasÃlia). The execution of this project and of the Águas Claras neighborhood took place simultaneously. The study shows that the potential revenue from real estate would be enough to cover the public expenditures for the rail project and for the urban infrastructures of the township, meeting the solvency condition. However, it could not comply with the liquidity and the robustness conditions, due to incidents and management problems in its execution, which suffered several interruptions. The paper finishes with some lessons for the policy, requiring the mandatory and thorough analysis of economic and fiscal impacts of infrastructure investment projects, but also suggesting that they should be put together with other private and public investment projects which foster directly growth, so that their joint effect would result fiscally sustainable.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in Transportation Economics - Volume 48, December 2014, Pages 422-428
Journal: Research in Transportation Economics - Volume 48, December 2014, Pages 422-428
نویسندگان
Artur Carlos Morais, Joaquim Jose Guilherme Aragão, Yaeko Yamashita, Rômulo Dante Orrico, Anisio Brasileiro de Freitas Dourado,