Latin America's macroeconomic crisis of the 1980s and '90s forced a severe fiscal adjustment across the region. More often than not, however, fiscal stability was achieved at the cost of a drastic compression of public infrastructure spending, which in some countries amounted to half or more of...

When formal regulation is weak or absent, communities often use other channels to induce pollution abatement by local factories in a process of "informal regulation." The resulting "pollution equilibrium" reflects the relative bargaining power of the community and the plant. This note uses...

When formal regulation is weak or absent, communities often use other channels to induce pollution abatement by local factories in a process of 'informal regulation.' The resulting 'pollution equilibrium' reflects the relative bargaining power of the community and the plant. This note uses...

The author assesses the importance of the regulatory framework as a determinant of private sector investment in infrastructure. She uses recently compiled data on private and public sector investment in the water, power, telecommunications, railroads, and roads sectors between 1980 and 1998 in...

The authors test a model of supply-demand relations in an implicit market for environmental services when formal regulation is absent. They use plant-level data from Indonesia for 1989-90, before the advent of nationwide environmental regulation. Treating pollution as a derived demand for...

This paper develops a simple framework to analyze various pollution control strategies that have been used or are proposed in the urban passenger transport sector. The context is the declining quality of air in urban areas, which is among the serious problems associated with the rapid...