Showing 1 - 10 of 447
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 …
Persistent link: https://www.econbiz.de/10014059911
This paper proposes a sovereign asset and liability management framework for analyzing the inter-relationships between debt management, fiscal and monetary policies. It illustrates the consequences of uncoordinated policy mix and extends Sargent and Wallace (1981 and 1993) by including debt...
Persistent link: https://www.econbiz.de/10012775523
data from the Reserve Bank of India, to investigate the interaction between infrastructure development and financial sector …This paper uses the construction of India's Golden Quadrangle central highway network, together with comprehensive loan … with stronger initial financial development, suggesting that although financing responds to large infrastructure …
Persistent link: https://www.econbiz.de/10012865495
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 …
Persistent link: https://www.econbiz.de/10012976371
The paper presents the policymakers? perspective on the reforms undertaken to manage states? debt and ensure solvency. While the sustained high growth rates of the Indian economy played a part in alleviating the interest burden on debt and ensuring that the debt does not grow in an explosive...
Persistent link: https://www.econbiz.de/10012975288
Greece and Italy initiated efforts to improve public debt management and develop their domestic debt markets respectively in the late 1970s and mid-1980s. At that time, both countries suffered from large and rapidly growing public debt, excessive reliance on short-term bills held by commercial...
Persistent link: https://www.econbiz.de/10012971037
Disruption of infrastructure services can cause significant social and economic losses, particularly in the event of a … natural disaster. The World Bank Group and the Government of Japan established the Quality Infrastructure Investment … Partnership to focus attention on the quality dimensions of infrastructure in developing countries, with a focus on promoting …
Persistent link: https://www.econbiz.de/10012911272
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 …
Persistent link: https://www.econbiz.de/10012941035
This paper explores the benefits and the costs of strengthening infrastructure assets to make them more resilient …, reducing the repair costs and infrastructure disruptions caused by natural hazards. Strengthening infrastructure assets in low … billion and $65 billion a year, i.e. 3 percent of baseline infrastructure investment needs. The uncertainty pertaining to the …
Persistent link: https://www.econbiz.de/10012865483
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 …
Persistent link: https://www.econbiz.de/10012972738