Showing 1 - 10 of 219
Persistent link: https://www.econbiz.de/10009423185
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...
Persistent link: https://www.econbiz.de/10011763529
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
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...
Persistent link: https://www.econbiz.de/10011715358
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
South Asia needs large infrastructure investments to achieve its development goals, and public investment can also support the Covid-19 recovery. Regression estimates that account for the quantity and quality of investment suggest that public infrastructure was a key driver of productivity...
Persistent link: https://www.econbiz.de/10012613693
-private partnership (PPP) arrangements. We find that PPPs tend to be more common in countries where governments suffer from heavy debt … law are associated with more PPP projects. PPPs are also more prevalent in countries with previous PPP experiences. At the … 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
Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving from infrastructure assets which have traditionally been supplied by the public sector. PPPs are spreading all over the world. It may be quite plausible that such arrangements were...
Persistent link: https://www.econbiz.de/10014402064
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 the impact of highway expansion on aggregate productivity growth and sectoral reallocation between cities in China. To do so, I construct a unique dataset of bilateral transportation costs between Chinese cities, digitized highway network maps, and firm-level census. I first...
Persistent link: https://www.econbiz.de/10011978605