This paper examines a puzzle in the political economy of infrastructure in India -- the co-existence of relatively low … shares of capital spending in public budgets alongside evidence of large demand for village infrastructure from poor voters …. It argues that this pattern is due to infrastructure projects being used at the margin for political rent-seeking, while …

stabilization. Traditionally, these funds have invested in external assets, especially securities traded in major markets. But the … persistent infrastructure financing gap in developing countries has motivated some governments to encourage their sovereign …

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 …

The author provides a preliminary benchmarking of infrastructure performance in Lesotho in four major sectors … infrastructure performance from over 200 countries. The results of the benchmarking are revealing of several major, comparative … deficiencies in infrastructure performance in Lesotho: (1) extremely low access to electricity and its affordability; (2) poor …

This study argues that public infrastructure is an important though previously neglected driving mechanism of the … neoclassical growth model with heterogeneous firms, where public infrastructure contributes to firms' production and mitigates the … infrastructure in recent decades, yet remains in deep need of further infrastructure improvements. The accumulation of infrastructure …

This study constructs a microdata set of about 143,000 firms to estimate the monetary costs of infrastructure … expenditure). At almost $300 billion a year, these figures highlight the substantial drag that unreliable infrastructure imposes …