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South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully …
Persistent link: https://www.econbiz.de/10012613693
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income...
Persistent link: https://www.econbiz.de/10014398314
industry level, we find that PPP determinants vary across industries depending on the nature of public infrastructure, capital …
Persistent link: https://www.econbiz.de/10014402291
We evaluate the direct employment effect of the public investment in key infrastructure-electricity, roads, schools and … million of public spending in infrastructure create 3-7 jobs in advanced economies, 10-17 jobs in emerging market economies …
Persistent link: https://www.econbiz.de/10012613477
While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often …
Persistent link: https://www.econbiz.de/10012251291
There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...
Persistent link: https://www.econbiz.de/10014403060
Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and … the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in … which infrastructure networks can be enhanced. The public and private sectors play complementary roles in improving the …
Persistent link: https://www.econbiz.de/10011715358
-private partnerships (PPPs). We show that infrastructure projects carried out through local government financing vehicles (LGFVs) were …
Persistent link: https://www.econbiz.de/10011715383
Public-private partnerships (PPPs) have increased rapidly in emerging and developing countries, creating both opportunities and fiscal challenges. One of the main challenges is that while governments have increased commitments in guarantees and direct subsidies to promote PPPs, contractual...
Persistent link: https://www.econbiz.de/10011763567
unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure and boast a better on …, underinvestment in infrastructure, unemployment and poverty. The asymmetric impact on macro externalities raises the social return in …
Persistent link: https://www.econbiz.de/10011705584