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Author : César Calderón
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Infrastructure Compression and Public Sector Solvency in Latin America written by César Calderón and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William Easterly
Publisher : World Bank Publications
ISBN 13 : 0821383442
Total Pages : 232 pages
Book Rating : 4.8/5 (213 download)
Download or read book The Limits of Stabilization written by William Easterly and published by World Bank Publications. This book was released on 2003-10-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the 1980s and 1990s, most Latin American countries witnessed a retrenchment of the public sector away from infrastructure provision and an opening up of infrastructure activities to the private sector. This book analyzes the consequences of these policy changes from two perspectives. First, it reviews in a comparative framework the major trends in infrastructure provision in Latin America over the last two decades. Second, it evaluates the implication of these trends for economic growth and public deficits in the region. The book shows that in most countries private participation did not fully offset the public sector retreat. The result was a slowdown in infrastructure accumulation, which entailed a significant growth cost and weakened the intended impact of the infrastructure spending cuts on public sector insolvency.
Author : Luis Carranza
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book Public Infrastructure Investment and Fiscal Sustainability in Latin America written by Luis Carranza and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 147553759X
Total Pages : 41 pages
Book Rating : 4.4/5 (755 download)
Download or read book Highways to Heaven written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2016-09-21 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in which infrastructure networks can be enhanced. The public and private sectors play complementary roles in improving the infrastructure network. Therefore, it is critical to strengthen public investment management processes as well as the regulatory framework, including to ensure an appropriate mix of financing and funding for projects and to address environmental concerns.
Author : César Calderón
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (318 download)
Download or read book How Did Latin America's Infrastructure Fare in the Era of Macroeconomic Crises? written by César Calderón and published by . This book was released on 2002 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : César Calderón
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)
Download or read book Infrastructure in Latin America written by César Calderón and published by . This book was released on 2017 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key ingredient for economic development. Over the past quarter-century, the retrenchment of Latin America's public sector from its 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 documents, in a comparative cross-regional perspective, the trends in Latin America's infrastructure development, as reflected in the quantity and quality of infrastructure services and the universality of their access. Overall, this suggests the emergence of an infrastructure gap vis-a-vis other industrial and developing regions. Second, it provides an empirical assessment of the contribution of infrastructure development to growth across Latin America. Third, it examines the trends in the financing of infrastructure investment -- documenting the changing roles of the public and private sectors -- and analyzes how they have been shaped by macroeconomic policy constraints.
Author : C??sar Calder??n
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)
Download or read book Infrastructure in Latin America written by C??sar Calder??n and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key ingredient for economic development. Over the past quarter-century, the retrenchment of Latin America's public sector from its 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 documents, in a comparative cross-regional perspective, the trends in Latin America's infrastructure development, as reflected in the quantity and quality of infrastructure services and the universality of their access. Overall, this suggests the emergence of an infrastructure gap vis-a-vis other industrial and developing regions. Second, it provides an empirical assessment of the contribution of infrastructure development to growth across Latin America. Third, it examines the trends in the financing of infrastructure investment -- documenting the changing roles of the public and private sectors -- and analyzes how they have been shaped by macroeconomic policy constraints.
Author : Federico Basañes
Publisher :
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.F/5 ( download)
Download or read book Can Privatization Deliver? written by Federico Basañes and published by . This book was released on 1999 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: While privatization of water, electricity, transportation and communications infrastructure continues to gain momentum in Latin America, its success often depends on whether countries implement the reforms essential to attract private investment.
Author : Rodrigo Suescun
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (318 download)
Download or read book Fiscal Space for Investment in Infrastructure in Colombia written by Rodrigo Suescun and published by . This book was released on 2005 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "For the evaluation of macroeconomic policies Colombian authorities rely heavily, if not exclusively, on the operational framework known as the Financial Programming Model developed by the International Monetary Fund in the 1950s. Based on this static framework, the formulation of fiscal policy in the country, just as in various Latin American countries, focuses primarily on fiscal deficit and gross debt targets. However, the type of fiscal policy advice derived from it is not useful for understanding the asset-creating nature and the inter-temporal tradeoffs involved in public investment decisions. The author develops a perfect foresight, dynamic small open economy model to provide an alternative framework for fiscal analysis and policy purposes. He shows that the two competing frameworks deliver differing paths for the expected behavior of the Colombian economy. He then uses the proposed framework to study the likely consequences of using public capital spending to achieve deficit targets since, in addition to an already high public debt, in the years ahead unfunded pension obligations will put enormous pressure on the Colombian government's solvency. The results indicate that public capital compression is costly in terms of foregone growth and very ineffective in achieving fiscal consolidation. The adoption of fiscal rules such as the golden rule or the permanent balance rule to shield public investment from undue budgetary pressures makes little sense in the presence of sustainability concerns. The author shows that a transitory capital spending increase is not self-amortizing in the long run; hence an extra peso of public capital spending deteriorates the inter-temporal fiscal position. A permanent increase largely pays for itself in terms of additional tax revenue but this effect is offset by a deterioration of infrastructure user charges, as long as public prices are determined competitively. "--World Bank web site. governme.
Author : Edmund Valpy Knox Fitzgerald
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.A/5 ( download)
Download or read book The Public Sector in Latin America written by Edmund Valpy Knox Fitzgerald and published by . This book was released on 1974 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eduardo A. Lora
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (129 download)
Download or read book Public Investment in Infrastructure in Latin America written by Eduardo A. Lora and published by . This book was released on 2011 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Panel data for seven Latin American countries are used to assess the influence of public indebtedness on public investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment, an effect that is robust to the inclusion of many other fiscal and macroeconomic variables. This paper also finds some evidence of complementarity between public and private investment and of the negative effect of IMF adjustment loans on infrastructure expenditures. No evidence is found that debt defaults affect public investment in infrastructure.
Author : César Calderón
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)
Download or read book Trends in Infrastructure in Latin America, 1980-2001 written by César Calderón and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "There is widespread concern across Latin America that the provision of infrastructure services has suffered as a consequence of the retrenchment of the public sector and the insufficient response of the private sector to the opening up of infrastructure industries to private participation in most countries. Calderón and Serven document the recent trends in infrastructure stocks and infrastructure investment in major Latin American economies. Using an updated dataset constructed for this task, the authors describe the evolution of the quantity and quality of infrastructure assets--power, transport, and telecommunications--as well as the investment expenditures of the public and private sectors. They find that Latin America lags behind the international norm in terms of infrastructure quantity and quality, and there is little evidence that the gap may be closing--except in the telecommunications sector. Furthermore, overall infrastructure investment has fallen, as a combined result of the retrenchment of public investment and the limited response of the private sector, which has been mostly confined to the telecommunications industry. However, there is considerable disparity across countries. On the whole the data show that the countries most successful in attracting large volumes of private investment (Bolivia, Chile, and Colombia) are precisely those where public investment has remained high. This paper--a joint product of the Finance, Private Sector, and Infrastructure Department, and the Office of the Chief Economist, Latin America and the Caribbean Region--is part of a larger effort in the region to assess the effects of infrastructure development"--World Bank web site.
Author : U. S. Military
Publisher :
ISBN 13 : 9781983153143
Total Pages : 133 pages
Book Rating : 4.1/5 (531 download)
Download or read book The Political Economy of Infrastructure Investment in Latin America - Analysis of Brazil, Mexico, and Chile on Deficiencies in Transportation, Energy, Telecommunications, and Water and Sanitation written by U. S. Military and published by . This book was released on 2018-06-12 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: What factors are responsible for varying levels of infrastructure investment and development across Latin America? Deficiencies in economic infrastructure--broadly classified into four main sectors: transportation, energy, telecommunications, and water and sanitation--have been a principal factor limiting economic growth, slowing development, and increasing inequality in Latin America. In this thesis, I examine how formal and informal political institutions affect economic policy and the actions of politicians to determine the degree of infrastructure investment and development in Brazil. My research indicates that despite above average investment levels, Brazil's relatively low infrastructure development stems from its degree of political and fiscal decentralization combined with an electoral system that promotes clientelistic networks, reducing the effectiveness and efficiency of investments. Though Brazil displays some geographic and cross-sector variation, a preliminary examination of Mexico and Chile supports the central role that institutions play in infrastructure investment and development across the region. Moreover, my combined analysis of these three cases suggests it is not simply the shape of institutions, but also the manner in which they evolve, that prove instrumental in determining a country's level of infrastructure development and the strategies by which it can improve.I. INFRASTRUCTURE IN LATIN AMERICA * A. INTRODUCTION * B. LITERATURE REVIEW * C. HYPOTHESIS * D. RESEARCH DESIGN AND OVERVIEW * 1. Scope * 2. Analysis and Case Selection * 3. Sources and Definitions * II. BRAZIL'S INFRASTRUCTURE TRENDS IN CONTEXT * A. BOTTLENECKS * B. QUALITY, QUANTITY, AND ACCESS * C. INVESTMENT LEVELS * III. BRAZIL'S INSTITUTIONAL EFFECTS * A. POLITICAL AND FISCAL DECENTRALIZATION * B. THE ELECTORAL SYSTEM * C. INFORMAL INSTITUTIONS: ELECTORAL MARKETS * IV. BRAZIL'S POLICIES AND POLITICIANS * A. PROCYCLICALITY * B. ELECTORAL CYCLES * C. LEADERS, IDEOLOGY, AND PRIVATIZATION * V. CONCLUSIONS * A. OBSERVATIONS * B. ADDITIONAL CASES * 1. Mexico * 2. Chile * C. ANALYSIS * D. RECOMMENDATIONS * E. FUTURE RESEARCH * APPENDIX A. ADDITIONAL FIGURES * A. LAC-6. * B. ARGENTINA * C. COLOMBIA * D. PERU
Author : David Brand
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (741 download)
Download or read book שימוש בהורמונים צמחיים ובמיצויים ביולוגים לשפור נביטת זרעים של עצי יער בתמיסות מימיות מאווררות written by David Brand and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : M. Font
Publisher : Springer
ISBN 13 : 1137015764
Total Pages : 318 pages
Book Rating : 4.1/5 (37 download)
Download or read book The State and the Private Sector in Latin America written by M. Font and published by Springer. This book was released on 2015-06-16 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book follows ten political economic histories since the 1970s, showing how different forms of partnership have developed, flourished or declined over the time. The author's argument is supported by rich empirical material. It places partnership schemes in a broader social context and provides a deep insight into the phenomenon.
Author : C??sar Calder??n
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)
Download or read book Trends in Infrastructure in Latin America, 1980-2001 written by C??sar Calder??n and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread concern across Latin America that the provision of infrastructure services has suffered as a consequence of the retrenchment of the public sector and the insufficient response of the private sector to the opening up of infrastructure industries to private participation in most countries. The authors document the recent trends in infrastructure stocks and infrastructure investment in major Latin American economies. Using an updated dataset constructed for this task, the authors describe the evolution of the quantity and quality of infrastructure assets-power, transport, and telecommunications-as well as the investment expenditures of the public and private sectors. They find that Latin America lags behind the international norm in terms of infrastructure quantity and quality, and there is little evidence that the gap may be closing-except in the telecommunications sector. Furthermore, overall infrastructure investment has fallen, as a combined result of the retrenchment of public investment and the limited response of the private sector, which has been mostly confined to the telecommunications industry. However, there is considerable disparity across countries. On the whole the data show that the countries most successful in attracting large volumes of private investment (Bolivia, Chile, and Colombia) are precisely those where public investment has remained high.
Author : César A. Calderón
Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (129 download)
Download or read book Trends in Infrastructure in Latin America, 1980-2001 written by César A. Calderón and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread concern across Latin America that the provision of infrastructure services has suffered as a consequence of the retrenchment of the public sector and the insufficient response of the private sector to the opening up of infrastructure industries to private participation in most countries. Calderon and Serven document the recent trends in infrastructure stocks and infrastructure investment in major Latin American economies. Using an updated dataset constructed for this task, the authors describe the evolution of the quantity and quality of infrastructure assets - power, transport, and telecommunications - as well as the investment expenditures of the public and private sectors. They find that Latin America lags behind the international norm in terms of infrastructure quantity and quality, and there is little evidence that the gap may be closing - except in the telecommunications sector. Furthermore, overall infrastructure investment has fallen, as a combined result of the retrenchment of public investment and the limited response of the private sector, which has been mostly confined to the telecommunications industry. However, there is considerable disparity across countries. On the whole the data show that the countries most successful in attracting large volumes of private investment (Bolivia, Chile, and Colombia) are precisely those where public investment has remained high.This paper - a joint product of the Finance, Private Sector, and Infrastructure Department, and the Office of the Chief Economist, Latin America and the Caribbean Region - is part of a larger effort in the region to assess the effects of infrastructure development.
