by Vance Tan | Mar 28, 2014
Both the goals and the mechanisms of economics are deeply contested. There is no broad consensus on the capacity of economics to analyse social reality, or to prescribe measures to achieve whatever goals societies see as desirable – economic growth, social well being,...
by Vance Tan | Mar 28, 2014
Matching water availability and demand is amongst the most pressing environmental challenges in the twenty-first century (Rockstrom et al., 2009, Vörösmarty et al., 2010). Water scarcity can limit productivity and economic growth and, at the same time, water-related...
by Vance Tan | Mar 28, 2014
In recent decades, macro-level studies in economics beginning with David Aschauer in the late 1980s have reported a strong positive association between higher levels of investment in infrastructure and economic growth. A larger stock of infrastructure is thought to...
by Vance Tan | Mar 27, 2014
Investment in infrastructure is recognised as a key driver of economic prosperity, but it is also important for addressing social and environmental challenges, including climate change mitigation. The UK Government Strategy Investing in Britain’s Future argues that...
by Vance Tan | Dec 16, 2013
Investment in infrastructure is widely regarded as promoting economic growth. Moreover, infrastructure has a critical and often irreversible role in locking in patterns of development. Therefore, it is surprising that macroeconomic growth theories do not explicitly...
