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Infrastructure: The Contribution of Benchmarking and Economic Analysis to the Reform of the Energy, Water and Transport Sectors

In: Contemporary Economic Issues

Author

Listed:
  • Peter L. Swan

    (University of Sydney)

  • Denis Lawrence

    (Bureau of Industry Economics)

  • John Zeitsch

    (Swan Consultants)

Abstract

The World Bank (1994, p. 4) points out that despite rapid growth in infrastructure provisions, especially in telephones and power, performance has been disappointing. Resources have been mis-allocated with too much to new investment, particularly those with low priority, and too little to maintenance, especially in terms of road and power station maintenance. There has been massive waste and inefficiency with most power systems operating at between 18 per cent and 44 per cent of best-practice stations in terms of fuel per kilowatt hour with transmission and distribution losses two to four times as great (p. 5).

Suggested Citation

  • Peter L. Swan & Denis Lawrence & John Zeitsch, 1998. "Infrastructure: The Contribution of Benchmarking and Economic Analysis to the Reform of the Energy, Water and Transport Sectors," International Economic Association Series, in: Yair Mundlak (ed.), Contemporary Economic Issues, chapter 11, pages 213-242, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26188-8_11
    DOI: 10.1007/978-1-349-26188-8_11
    as

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