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  • 1
    Online Resource
    Online Resource
    Infrastructure And Growth In Developing Countries : Recent Advances And Research Challenges (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (54 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Straub, Stephane Infrastructure And Growth In Developing Countries
    Keywords: Efficiency Of Infrastructure ; Externalities ; Infrastructure Development ; Infrastructure Investment ; Railroad ; Road ; Road Quality ; Sanitation ; Transport ; Transport ; Transport Data ; Transport Economics, Policy and Planning ; Efficiency Of Infrastructure ; Externalities ; Infrastructure Development ; Infrastructure Investment ; Railroad ; Road ; Road Quality ; Sanitation ; Transport ; Transport ; Transport Data ; Transport Economics, Policy and Planning ; Efficiency Of Infrastructure ; Externalities ; Infrastructure Development ; Infrastructure Investment ; Railroad ; Road ; Road Quality ; Sanitation ; Transport ; Transport ; Transport Data ; Transport Economics, Policy and Planning
    Abstract: This paper presents a survey of recent research on the economics of infrastructure in developing countries. Energy, transport, telecommunications, water and sanitation are considered. The survey covers two main set of issues: the linkages between infrastructure and economic growth (at the economy-wide, regional and sectoral level) and the composition, sequencing and efficiency of alternative infrastructure investments, including the arbitrage between new investments and maintenance expenditures; OPEX and CAPEX, and public versus private investment. Following the introduction, section 2 discusses the theoretical foundations (growth theory and new economic geography). Section 3 assesses the analysis of 140 specifications from 64 recent empirical papers-examining type of data used, level of aggregation, econometric techniques and nature of the sample-and discusses both the macro-econometric and micro-econometric contributions of these papers. Finally section 4 discusses directions for future research and suggests priorities in data development
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Online Resource
    Online Resource
    Infrastructure And Economic Growth In East Asia (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (47 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Straub, Stephane Infrastructure And Economic Growth In East Asia
    Keywords: Banks and Banking Reform ; Bottlenecks ; Capital investment ; Economic Theory and Research ; Economies of scale ; Externalities ; Finance and Financial Sector Development ; Highway ; Infrastructure investment ; Infrastructure policies ; Macroeconomics and Economic Growth ; Non Bank Financial Institutions ; Poverty Reduction ; Pro-Poor Growth ; Road ; Roads ; Transport ; Transport ; Transport Economics, Policy and Planning ; Banks and Banking Reform ; Bottlenecks ; Capital investment ; Economic Theory and Research ; Economies of scale ; Externalities ; Finance and Financial Sector Development ; Highway ; Infrastructure investment ; Infrastructure policies ; Macroeconomics and Economic Growth ; Non Bank Financial Institutions ; Poverty Reduction ; Pro-Poor Growth ; Road ; Roads ; Transport ; Transport ; Transport Economics, Policy and Planning ; Banks and Banking Reform ; Bottlenecks ; Capital investment ; Economic Theory and Research ; Economies of scale ; Externalities ; Finance and Financial Sector Development ; Highway ; Infrastructure investment ; Infrastructure policies ; Macroeconomics and Economic Growth ; Non Bank Financial Institutions ; Poverty Reduction ; Pro-Poor Growth ; Road ; Roads ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a growth accounting framework and cross-country regressions. For most of the variables used, both the growth accounting exercise and cross-country regressions fail to find a significant link between infrastructure, productivity and growth. These conclusions contrast strongly with previous studies finding positive and significant effect for all infrastructure variables in the context of a production function study. This leads us to conclude that results from studies using macro-level data should be considered with extreme caution. The Authors suggest that infrastructure investment may have had the primary function of relieving constraints and bottlenecks as they arose, as opposed to directly encouraging growth
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  • 3
    Online Resource
    Online Resource
    Infrastructure And Development : A Critical Appraisal of The Macro Level Literature (2008)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Straub, Stephane Infrastructure And Development
    Keywords: Airports ; Banks and Banking Reform ; Bottlenecks ; Economic Theory and Research ; Elasticities ; Macroeconomics and Economic Growth ; Political Economy ; Public Sector Economics and Finance ; Railroads ; Roads ; Traffic ; Traffic congestion ; Transport ; Transport ; Transport Economics, Policy and Planning ; Vehicle ; Vehicle manufacturers ; Airports ; Banks and Banking Reform ; Bottlenecks ; Economic Theory and Research ; Elasticities ; Macroeconomics and Economic Growth ; Political Economy ; Public Sector Economics and Finance ; Railroads ; Roads ; Traffic ; Traffic congestion ; Transport ; Transport ; Transport Economics, Policy and Planning ; Vehicle ; Vehicle manufacturers ; Airports ; Banks and Banking Reform ; Bottlenecks ; Economic Theory and Research ; Elasticities ; Macroeconomics and Economic Growth ; Political Economy ; Public Sector Economics and Finance ; Railroads ; Roads ; Traffic ; Traffic congestion ; Transport ; Transport ; Transport Economics, Policy and Planning ; Vehicle ; Vehicle manufacturers
    Abstract: This survey reviews the existing macro-level empirical literature on the link between infrastructure and development outcomes in a critical light. After providing a general framework that casts the relevant terms of the controversy on the real effect of infrastructure on growth in the context of an aggregate production function, it signals what are the relevant empirical questions to be addressed. This guides the systematic review of a number of empirical studies and the discussion of the main econometric challenges to the identification of the effect of infrastructure on output and productivity. Finally, building on related research, in particular in contract theory and political economy, the paper spells out several promising research avenues
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  • 4
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    Online Resource
    Infrastructure and Economic Growth in the Middle East and North Africa (2009)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (28 p)
    Edition: 2009 World Bank eLibrary
    Parallel Title: Um, Paul Noumba Infrastructure and Economic Growth in the Middle East and North Africa
    Abstract: This paper analyzes the impact of infrastructure on growth of total factor productivity and per capita income, using both growth accounting techniques and cross-country growth regressions. The two econometric techniques yield some consistent and some different results. Regressions based in the growth accounting framework suggest that electricity production helps explain cross-country differences in total factor productivity growth in the Middle East and North Africa region. Growth regressions support that conclusion, while also stressing an effect of telecommunications infrastructure. Finally, growth regressions also indicate quite consistently that the returns to infrastructure have been lower in the Middle East and North Africa region than in developing countries as a whole
    DOI: 10.1596/1813-9450-5105
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  • 5
    Online Resource
    Online Resource
    Do Regulation And Institutional Design Matter For Infrastructure Sector Performance ? (2007)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (56 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Andres, Luis Do Regulation And Institutional Design Matter For Infrastructure Sector Performance ?
    Keywords: Debt Markets ; Developing economies ; Emerging Markets ; Finance and Financial Sector Development ; Financial returns ; Gross domestic product ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Infrastructure projects ; Private Participation in Infrastructure ; Private Sector Development ; Private infrastructure ; Private investment ; Private investments ; Privatization ; Regulatory frameworks ; Sustainable Development ; Debt Markets ; Developing economies ; Emerging Markets ; Finance and Financial Sector Development ; Financial returns ; Gross domestic product ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Infrastructure projects ; Private Participation in Infrastructure ; Private Sector Development ; Private infrastructure ; Private investment ; Private investments ; Privatization ; Regulatory frameworks ; Sustainable Development ; Debt Markets ; Developing economies ; Emerging Markets ; Finance and Financial Sector Development ; Financial returns ; Gross domestic product ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Infrastructure projects ; Private Participation in Infrastructure ; Private Sector Development ; Private infrastructure ; Private investment ; Private investments ; Privatization ; Regulatory frameworks ; Sustainable Development
    Abstract: This paper evaluates the impact of economic regulation on infrastructure sector outcomes. It tests the impact of regulation from three different angles: aligning costs with tariffs and firm profitability; reducing opportunistic renegotiation; and measuring the effects on productivity, quality of service, coverage, and prices. The analysis uses an extensive data set of about 1,000 infrastructure concessions granted in Latin America from the late 1980s to the early 2000s. The analysis finds that as the theory indicates, regulation matters. The empirical work here reported shows that in three relevant economic aspects-aligning costs and tariffs; dissuading renegotiations; and improving productivity, quality of service, coverage, and tariffs-the structure, institutions, and procedures of regulation matter. Thus, significant efforts should continue to be made to improve the structure, quality, and institutionality of regulation. Regulation matters for protecting both consumers and investors, for aligning closely financial returns and the costs of capital, and for capturing higher levels of benefits from the provision of infrastructure services by the private sector
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  • 6
    Online Resource
    Online Resource
    Explaining enterprise performance in developing countries with business climate survey data (2008)
    [Washington, D.C] : World Bank
    Details
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 4792
    Parallel Title: Dethier, Jean-Jacques Explaining enterprise performance in developing countries with business climate survey data
    Keywords: Industrial productivity ; Industrial productivity ; Developing countries Economic conditions ; Developing countries Economic conditions
    Abstract: "This paper surveys the recent literature which examines the impact of business climate variables on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover some 70,000 firms in over 100 countries around the world. The literature that has analyzed this data provides evidence that a good business climate drives growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition and regulation variables have been shown to significantly impact firm performance. Section 1 of this paper outlines the theoretical framework that underpins the investment climate literature. Section 2 describes the available datasets and surveys the key findings of the empirical literature, first macroeconomic and then microeconomic studies. Particular attention is paid to the robustness of the reported results. Section 3 highlights important econometric issues common to this literature and suggests a research agenda and possible improvements in survey design. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
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  • 7
    Online Resource
    Online Resource
    Funding and financing infrastructure : the joint-use of public and private finance (2018)
    Washington, D.C. : World Bank Group, Climate Change Global Theme
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 41 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8496
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Fay, Marianne Funding and Financing Infrastructure: The Joint-Use of Public and Private Finance
    Keywords: Graue Literatur
    Abstract: The paper addresses the issue of the feasible level of private finance in a contracting model of infrastructure finding and financing. It characterizes the structure of financial contracts, deriving the conditions under which both public and private finance coexist. A key feature is that access to outside finance and the regulatory decision on pricing and the amount of public subsidy, hence the extent of price recovery, are jointly determined. Mobilizing private finance requires a combination of price for the service and subsidy to the service provider that is large enough, exacerbating the fundamental tensions between financial viability through cost recovery and social inclusion. The paper then shows that the feasibility trade-off responds in non-trivial ways to changes in the economic and institutional environment likely to occur along the development path. While improvements along some of these dimensions, notably in the efficiency of bankruptcy procedures, appear to ease access to private finance, others, such as the cost of public funds, actually makes public finance more efficient. Using project data from the PPI database including information on the financial structure, the authors uncover an inverse U-shaped pattern in the share of private finance, peaking for countries in the upper-middle income range, which echoes their theoretical findings
    DOI: 10.1596/1813-9450-8496
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Online Resource
    Online Resource
    The Brasília Experiment : Road Access and the Spatial Pattern of Long-Term Local Development in Brazil (2014)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (66 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Bird, Julia The Brasília Experiment
    Abstract: This paper studies the impact of the rapid expansion of the Brazilian road network, which occurred from the 1960s to the 2000s, on the growth and spatial allocation of population and economic activity across the country's municipalities. It addresses the problem of endogeneity in infrastructure location by using an original empirical strategy, based on the “historical natural experiment” constituted by the creation of the new federal capital city Brasília in 1960. The results reveal a dual pattern, with improved transport connections increasing concentration of economic activity and population around the main centers in the South of the country, while spurring the emergence of secondary economic centers in the less developed North, in line with predictions in terms of agglomeration economies. Over the period, roads are shown to account for half of pcGDP growth and to spur a significant decrease in spatial inequality
    DOI: 10.1596/1813-9450-6964
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    Online Resource
    Online Resource
    Firms operating under infrastructure and credit constraints in developing countries : the case of power generators (2010)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Alby, Philippe Firms operating under infrastructure and credit constraints in developing countries
    Abstract: Many developing countries are unable to provide their industrial sector with reliable power and many enterprises have to contend with electricity that is insufficient and of poor quality. Because of these constraints, firms in developing countries opt for self-generation even though it is widely considered a second best solution. This paper develops a theoretical model of investment behavior in remedial infrastructure when physical and credit constraints are present. It then tests econometrically some implications from this model using a large sample of enterprises from 87 countries from the World Bank Enterprise Survey Database. After showing that these constraints interact and have non-linear effects depending on the industrial sector's degree of reliance on electricity and size of firms, the paper draws differentiated policy recommendations. Credit constraints appear to be the priority in sectors very reliant on electricity to spur entry and convergence to the technological frontier, while in other sectors, firms would benefit more widely from marginal improvements in electrical supply
    DOI: 10.1596/1813-9450-5497
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  • 10
    Online Resource
    Online Resource
    Regulation, Renegotiation and Capital Structure : Theory and Evidence from Latin American Transport Concessions (2013)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (29 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Moore, Alexander Regulation, Renegotiation and Capital Structure
    Abstract: The paper examines the capital structure of regulated infrastructure firms. The authors develop a model showing that leverage, the ratio of liabilities to assets, is lower under high-powered regulation and that firms operating under high-powered regulation make proportionally larger reductions in leverage when the cost of debt increases. They test the predictions of the model using an original panel dataset of 124 transport concessions in Brazil, Chile, Colombia and Peru over 1992-2011, finding broad support for our predictions
    DOI: 10.1596/1813-9450-6646
    URL: Volltext  (Deutschlandweit zugänglich)
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