Google full text of our books:


Public Capital, Growth and Welfare:
Analytical Foundations for Public Policy
Pierre-Richard Agénor

Hardcover | 2012 | $47.95 | £39.95 | ISBN: 9780691155807
264 pp. | 6 x 9 1/4 | 20 line illus.
Add to Shopping Cart

eBook | ISBN: 9781400845392 |
Our eBook editions are available from these online vendors

Reviews | Table of Contents
Introduction[PDF] pdf-icon

Google full text of this book:

In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect?

Taking a rigorous look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing together a vast amount of research in one unifying framework, Pierre-Richard Agénor finds that in considering investment in infrastructure, a variety of externalities need to be factored into analytical models and introduced in policy debates. Lack of access to infrastructure not only constrains the expansion of markets and private investment, it may also hinder the achievement of health and education targets. Ease of access, conversely, promotes innovation and empowers women by allowing them to reallocate their time to productive uses.

Laying a solid foundation of economic facts and ideas, Public Capital, Growth, and Welfare provides a comprehensive look at the critical role of public capital in development.


"As the developed world stands on the precipice of another deep recession, this book reminds us all that infrastructure investment is a powerful growth accelerator for the poorest nations on earth. Pierre-Richard Agénor lays solid foundations for intelligent public debates about development policy in a book that weaves together empirical evidence, economic intuition, and rigorous theory. The outcome is an ideal reference for those who study, teach, and work in the fields of economic growth, development, and poverty alleviation."--Costas Azariadis, Washington University in St. Louis

"Infrastructure is increasingly becoming recognized as an important determinant of economic growth and economic welfare. Drawing in part on his past research, Pierre-Richard Agénor has provided a comprehensive treatment, emphasizing the widespread externalities permeating from infrastructure throughout the economy. This clearly written book is an important contribution and essential reading for anyone wishing to acquire state-of-the-art knowledge of this crucial area."--Stephen J. Turnovsky, University of Washington

"Agenor's book makes a substantive contribution toward reconciling the microeconomic and macroeconomic strands of the literature on public capital and growth. It integrates numerous analytic findings scattered throughout the literature within a coherent framework that includes both the conventional and several novel channels through which core infrastructure impacts economic growth and welfare."--Joannis N. Kessides, Journal of Economic Literature

"Laying a solid foundation of economic facts and ideas, Public Capital, Growth and Welfare provides a comprehensive look at the critical role of public capital in development."--World Book Industry

More reviews

Table of Contents

Another Princeton book authored or coauthored by Pierre-Richard Agénor:

Subject Areas:

Shopping Cart options:

  • For ebooks:

Our eBook editions are available
from these online vendors:

  • Amazon Kindle Store
  • Apple iBooks
  • Barnes & Noble Nook Store
  • Google Play eBook Store
  • Kobo eBook Store
  • Many of our ebooks are available through
    library electronic resources including these platforms:

  • Books at JSTOR
  • Ebrary
  • Ebook Library
  • EBSCO Ebooks
  • MyiLibrary
  • Dawsonera (UK)

    • For hardcover/paperback orders in United States, Canada, Latin America, Asia, and Australia

     Hardcover : $47.95 ISBN: 9780691155807

    Add to shopping cart
    View contents of your shopping cart

    • For hardcover/paperback orders in Europe, Africa, the Middle East, India, and Pakistan

     Hardcover  £39.95 ISBN: 9780691155807

    Add to shopping cart
    View contents of your shopping cart

    Prices subject to change without notice

    File created: 7/11/2017

    Questions and comments to:
    Princeton University Press

    New Book E-mails
    New In Print
    PUP Blog
    Princeton APPS
    Sample Chapters
    Princeton Legacy Library
    Exam/Desk Copy
    Recent Awards
    Princeton Shorts
    Freshman Reading
    PUP Europe
    About Us
    Contact Us
    PUP Home

    Bookmark and Share 
    Send me emails
    about new books in:
    Political Science And International Relations
    More Choices