Infrastructure, the crisis, and pension funds
Hall, David (2009) Infrastructure, the crisis, and pension funds. In: UNISON/PSI Pension Fund Investment Seminar, 3-4 Dec 2009, London, UK.
PSIRU_Report_9817_-_2009-12-infra.pdf - Published Version
Infrastructure investment has been an important element in the economic stimulus packages introduced to try and deal with the effects of the recession. It is reinforced by the need to develop sustainable energy sources, and by the development needs of countries in the south. Public sector finance – tax revenues and bonds – remain the main way of financing such investment. The use of PPP projects to finance and operate infrastructure services, and the development of infrastructure funds as a way of investing in them, are both dangerous and unnecessary.
|Item Type:||Conference or Conference Paper (Paper)|
|Additional Information:||This report was commissioned by the Unison capital stewardship programme for the UNISON/PSI seminar on public sector pension funds, held 3-4 December 2009, in London, UK.|
|Uncontrolled Keywords:||public sector finance, infrastructure investment, economic crisis, private finance initiative, pension funds|
|Subjects:||H Social Sciences > HB Economic Theory|
|Faculty / Department / Research Groups:||Faculty of Business > Department of International Business & Economics
Faculty of Business > Public Services International Research Unit (PSIRU)
|Last Modified:||14 Oct 2016 09:07|
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