Private Costs And Public Infrastructure
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Private Costs And Public Infrastructure
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Author : Mr.Russell D. Murphy
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2001-10-01
Private Costs And Public Infrastructure written by Mr.Russell D. Murphy and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-10-01 with Business & Economics categories.
One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a developing economy, the scope for payoffs to investments of this sort may be particularly large. A major concern related to the recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks.We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal infrastructure stocks. Our estimates indicate that previous results suggesting a large productive role of public infrastructure capital are not robust. There is little evidence that public infrastructure plays a large role in reducing private sector costs.
Public Money For Private Infrastructure
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Author : Timothy Irwin
language : en
Publisher: World Bank Publications
Release Date : 2003
Public Money For Private Infrastructure written by Timothy Irwin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Capital investments categories.
Public Infrastructure And Growth
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Author : Pierre-Richard Agénor
language : en
Publisher: World Bank Publications
Release Date : 2006
Public Infrastructure And Growth written by Pierre-Richard Agénor and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Children categories.
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Public Infrastructure And Private Sector Profitability And Productivity In Mexico
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Author : Anwar Shah
language : en
Publisher: World Bank Publications
Release Date : 1988
Public Infrastructure And Private Sector Profitability And Productivity In Mexico written by Anwar Shah and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Industrial productivity categories.
Microeconometric analysis of Mexican industry shows additional investment in public infrastructure produces only a small increase in output. This suggests that the policy emphasis in Mexico should be on the better upkeep of existing infrastructure to ensure the continuity of public services rather than on new capital investment.
Principles Of Public And Private Infrastructure Delivery
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Author : John B. Miller
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Principles Of Public And Private Infrastructure Delivery written by John B. Miller and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Technology & Engineering categories.
Essential to anyone involved in the planning, design, construction, operation, or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how public and private owners can better manage their entire collection of infrastructure facilities.
Public Infrastructure Private Finance
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Author : Demetrio Muñoz Gielen
language : en
Publisher: Routledge
Release Date : 2019-05-01
Public Infrastructure Private Finance written by Demetrio Muñoz Gielen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-01 with Architecture categories.
Traditionally, the public sector has been responsible for the provision of all public goods necessary to support sustainable urban development, including public infrastructure such as roads, parks, social facilities, climate mitigation and adaptation, and affordable housing. With the shift in recent years towards public infrastructure being financed by private stakeholders, the demand for transparent guidance to ensure accountability for the responsibilities held by developers has risen. Within planning practice and urban development, the shift towards private financing of public infrastructure has translated into new tools being implemented to provide joint responsibility for upholding requirements. Developer obligations are contributions made by property developers and landowners towards public infrastructure in exchange for decisions on land-use regulations which increase the economic value of their land. This book presents insight into the design and practical results of these obligations in different countries and their effects on municipal financial health, demonstrating the increasing importance of efficient bargaining processes and the institutional design of developer obligations in modern urban planning. Primarily written for academics in land-use planning, real estate, urban development, law, and economics, it will additionally be useful to policy makers and practitioners pursuing the improvement of public infrastructure financing.
Public And Private Roles In Road Infrastructure
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Author : Mark G. Lijesen
language : en
Publisher:
Release Date : 2007
Public And Private Roles In Road Infrastructure written by Mark G. Lijesen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Public-private sector cooperation categories.
Economic Analysis And Infrastructure Investment
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Author : Edward L. Glaeser
language : en
Publisher: University of Chicago Press
Release Date : 2021-11-11
Economic Analysis And Infrastructure Investment written by Edward L. Glaeser and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-11 with Business & Economics categories.
"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--
Infrastructure Services In Developing Countries
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Author : Cecilia Briceño-Garmendia
language : en
Publisher: World Bank Publications
Release Date : 2004
Infrastructure Services In Developing Countries written by Cecilia Briceño-Garmendia and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Infrastructure (Economics) categories.
"Briceno, Estache, and Shafik review the evidence on the state of infrastructure in the developing world, emphasizing the investment needs and the emerging policy issues. While their assessment is seriously constrained by data gaps, they provide useful insights on the main challenges ahead, emphasizing that, in addition to the widely discussed access problems, the poorest also face major affordability and service quality issues which were not well addressed by the reforms of the 1990s. The authors make a case for a stronger commitment of the international community to generate the information needed to assess and monitor infrastructure needs and policies. This paper--a product of the Office of the Vice President, Infrastructure Network--is part of a larger effort in the network to upgrade economic and policy work in infrastructure"--World Bank web site.
Private Participation In Infrastructure In Developing Countries
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Author : Clive Harris
language : en
Publisher: World Bank Publications
Release Date : 2003
Private Participation In Infrastructure In Developing Countries written by Clive Harris and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Developing countries categories.
Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned monopolies. But in many developing countries, the results were disappointing. Public sector monopolies were plagued by inefficiency. Many were strapped for resources because governments succumbed to populist pressures to hold prices below costs. Fiscal pressures, and the success of the pioneers of the privatization of infrastructure services, provided governments with a new paradigm. Many governments sought to involve the private sector in the provision and financing of infrastructure services. The shift to the private provision that occurred during the 1990s was much more rapid and widespread than had been anticipated at the start of the decade. By 2001, developing countries had seen over $755 billion of investment flows in nearly 2500 infrastructure projects. However, these flows peaked in 1997, and have fallen more or less steadily ever since. These declines have been accompanied by high profile cancellations or renegotiations of some projects, a reduction in investor appetite for these activities and, in some parts of the world, a shift in public opinion against the private provision of infrastructure services. The current sense of disillusionment stands in stark contrast to what should in retrospect be surprise at the spectacular growth of private infrastructure during the 1990s.