Author：Weiping Wu
Date：2009-11-09
Summary：
Research points to a strong association between infrastructure investment and economic performance. In spite of China's great strides in providing basic services, there is increasing disparity among cities of different geographic location in their ability and performance to finance infrastructure development. The main purpose of this paper is to explore patterns and expanding range of mechanisms for infrastructure financing. The paper also attempts to show whether infrastructure investment is linked to regional economic performance. A key finding indicates that cities investing more in infrastructure tend to experience higher rates of economic growth.
Keywords：public capital; urban infrastructure; regional disparity; decentralization; China
