Would improvements in port performance increase trade in countries on the Indian and Western Pacific Oceans? Previous studies attempted to answer this question using ad hoc measures of port efficiency that do not control for the actual use of port assets or measures that can be very noisy. To...

The authors provide empirical evidence on the impact that private participation in infrastructure has had on key macroeconomic variables in a sample of 21 Latin American countries from 1985-98. Specifically, they look at the effects on GDP per capita, current public expenditures, public...