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With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency … inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches …
Persistent link: https://www.econbiz.de/10015059445
maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship bet …
Persistent link: https://www.econbiz.de/10012677684
infrastructure, public investment, and economic growth, and then goes on to consider the case for additional infrastructure … maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the …
Persistent link: https://www.econbiz.de/10014409074
India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high … growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the … acceleration of investment in transport and infrastructure. The immediate priority is to achieve the kind of fiscal quality and low …
Persistent link: https://www.econbiz.de/10011242441
in energy and infrastructure in scenarios with varying degrees of debt finance and with different types of supporting … growth, real wages and the supply of public services. Senegal does not need, however, to undertake such difficult fiscal … non-energy infrastructure. These programs lead to much higher real wages and real GDP while keeping public debt …
Persistent link: https://www.econbiz.de/10010790369
Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10012690162
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in … accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were … investment spending and growth and only in the same year, as lagged impacts are not significant. Furthermore, there is little …
Persistent link: https://www.econbiz.de/10010959467
Intro -- Contents -- I. INTRODUCTION -- II. THE SCOPE OF PUBLIC-PRIVATE PARTNERSHIPS -- III. BUILD-OPERATE -- IV. IDENTIFICATION OF THE ENDOGENOUS AND EXOGENOUS RISKS -- V. "WHITE ELEPHANTS" -- VI. COST-BENEFIT ANALYSIS: PRICES AND DISCOUNT RATES -- VII. THE ALLOCATION OF RISK BETWEEN THE PUBLIC...
Persistent link: https://www.econbiz.de/10012691080
stimulus, contributed to rapid economic recovery in the ASEAN-5. As growth rebounds, these economies are beginning to identify …, communicate and implement their strategies for unwinding the fiscal stimulus while addressing long-term growth challenges. In this … context, the paper highlights the need for fiscal policies to address infrastructure gaps, stimulate private consumption and …
Persistent link: https://www.econbiz.de/10008727808
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the … provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model … literature as well as for the role of the quality of public infrastructure investment in creating a gap between rich and poor …
Persistent link: https://www.econbiz.de/10008528662