Riccardo Crescenzi, Marco Di Cataldo, Andrés Rodríguez-Pose, 11 April 2017

Transport infrastructure investment is a cornerstone of growth-promoting strategies around the world. However, investment in new infrastructure is not always conducive to stronger economic performance. This column argues that the lack of positive economic returns may be due to institutional failures mitigating the growth effects of public capital expenditures. In contexts marked by weak and inefficient governments and widespread corruption, different types of road investments yield low or no economic returns.

Marc Ivaldi, 23 October 2007

Trains use three times less energy than cars to transport people; six times less energy than trucks to move freight. Trains use and emit just one-fifth the amount of carbon dioxide. Governments can help fight global warming by using competition policy and tax incentives to induce transportation customers to switch to rail.