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"Cost-benefit analysis (CBA) is indispensable for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money. However, the practical relevance of CBA does not always live up to its appeal in principle. One problem is...
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"Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition … tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However …, the degree of competition realized is closely related to bidders' entry decision and the auctioneer's decision on how to …
Persistent link: https://www.econbiz.de/10011394147
"With the exception of South Africa, local financial markets in sub-Saharan Africa remain underdeveloped and small, with a particular dearth of financing with maturity terms commensurate with the medium- to long-term horizons of infrastructure projects. But as financial market reforms gather...
Persistent link: https://www.econbiz.de/10011394172
"Household surveys have long been used to estimate poverty and inequality trends, as well as trends in education and health indicators, but they have not been used to the same extent to assess trends in the access to or coverage of modern infrastructure services. In this paper, we use...
Persistent link: https://www.econbiz.de/10011394174
"The world economic crisis of 2008 presents clear challenges to prospects for economic growth in developing countries. This is particularly true for emerging economies in East Asia that have relied to a great extent over the past decade on export-led growth. What steps to facilitate trade...
Persistent link: https://www.econbiz.de/10011394205