Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for … economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure … the drivers of income growth, the degree to which infrastructure represents a public or a private good, and the extent of …

Adequate urban infrastructure can be expensive, but the costs of not delivering housing, transportation, water, sewage …, public facilities, and other necessities are also high. Inadequate infrastructure slows and even reverses economic growth … and spirit. One study in Africa showed that the return on investment for infrastructure was about 50 percent, based on …

accompanying freely downloadable Excel-based tool. It also constructs a new Infrastructure Efficiency Index (IEI), by combining …

How much an economy should invest in its physical infrastructure is a crucial question being asked by policy makers … question by bringing insights from the literature that investigates the relationship between infrastructure investment … investigate the relationship between physical infrastructure and economic growth mostly conclude that there exists a positive …

Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous … infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence … indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities …

focus on the creation of fiscal space for increased investment in infrastructure, as well as on indicators related to macro … infrastructure projects with high productivity effects and the crucial role of financing in determining the net effects of expanded … government infrastructure spending. Transfer programs can generate immediate welfare gains but are less effective over time …

An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key … dominant position in the provision of infrastructure, and the opening up of these industries to private participation, have … renewed the debate on the role of infrastructure in the region's development. The focus of this paper is three-fold. First, it …

, particular attention is paid to the role of infrastructure as a constraining factor on trade expansion. The second part discusses … Dominican Republic -- a country where infrastructure indicators remain relatively weak. The results illustrate the potentially …

In the past half a century, Egypt has experienced remarkable progress in the provision of infrastructure in all areas … perspective, Egypt has achieved an infrastructure status that closely corresponds to what could be expected given its national … income level. The present infrastructure status is the result of decades of purposeful investment. In the past 15 years …

This paper provides an overview of the various channels through which public infrastructure may affect growth. In …, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of …, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of …