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Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10014398382
Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10011704410
This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs, even though large gaps remain compared to emerging...
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countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth …
Persistent link: https://www.econbiz.de/10014402557
There is a role for Asia’s financial sector to play to address the challenges associated with the region’s changing … intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure … investment in emerging Asia. Strengthening the financial ties within the region as well as with the global financial markets …
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cities in China. To do so, I construct a unique dataset of bilateral transportation costs between Chinese cities, digitized … a sectoral reallocation between cities in China …
Persistent link: https://www.econbiz.de/10011978605