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High infrastructure costs are not Baumol's cost disease: what a country pays per kilometre of subway barely tracks how rich it is.

Drawn from what Alon Levy said

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infrastructure Building the large physical things -- reservoirs, roads, pipelines -- and why some countries have stopped being able to.

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What Alon Levy actually said

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  1. Alon Levy

    Mathematician turned transport researcher

    In fact, even though growth in average infrastructure costs over time is documented, there is very little cross-national correlation between GDP per capita and per-km subway construction costs.

Added to korrents 22 Jun 2024 · How quotes work · Something wrong? Tell us

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