Public Infrastructure And Growth

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Public Infrastructure and Growth

Pierre-Richard Agénor,Blanca Moreno-Dodson
Public Infrastructure and Growth Book PDF

Author : Pierre-Richard Agénor,Blanca Moreno-Dodson
Publisher : World Bank Publications
Page : 59 pages
File Size : 40,7 Mb
Release : 2006
Category : Children
ISBN : 8210379456XXX

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Public Infrastructure and Growth by Pierre-Richard Agénor,Blanca Moreno-Dodson Pdf

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 Growth

Pierre-Richard Agenor
Public Infrastructure and Growth Book PDF

Author : Pierre-Richard Agenor
Publisher : Unknown
Page : 59 pages
File Size : 43,9 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703444

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Public Infrastructure and Growth by Pierre-Richard Agenor Pdf

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 Growth

Pierre-Richard Ag??nor,Blanca Moreno-Dodson
Public Infrastructure and Growth Book PDF

Author : Pierre-Richard Ag??nor,Blanca Moreno-Dodson
Publisher : Unknown
Page : 128 pages
File Size : 43,6 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:931674159

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Public Infrastructure and Growth by Pierre-Richard Ag??nor,Blanca Moreno-Dodson Pdf

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.

Well Spent

Mr.Gerd Schwartz,Ms.Manal Fouad,Mr.Torben S Hansen,Ms.Genevieve Verdier
Well Spent Book PDF

Author : Mr.Gerd Schwartz,Ms.Manal Fouad,Mr.Torben S Hansen,Ms.Genevieve Verdier
Publisher : International Monetary Fund
Page : 344 pages
File Size : 41,5 Mb
Release : 2020-09-03
Category : Business & Economics
ISBN : 9781513511818

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Well Spent by Mr.Gerd Schwartz,Ms.Manal Fouad,Mr.Torben S Hansen,Ms.Genevieve Verdier Pdf

Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Infrastructure and Economic Growth in Asia

John Cockburn,Yazid Dissou,Jean-Yves Duclos,Luca Tiberti
Infrastructure and Economic Growth in Asia Book PDF

Author : John Cockburn,Yazid Dissou,Jean-Yves Duclos,Luca Tiberti
Publisher : Springer
Page : 148 pages
File Size : 55,9 Mb
Release : 2013-12-05
Category : Business & Economics
ISBN : 9783319031378

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Infrastructure and Economic Growth in Asia by John Cockburn,Yazid Dissou,Jean-Yves Duclos,Luca Tiberti Pdf

Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.

Infrastructure and Growth in Developing Countries

Stephane Straub
Infrastructure and Growth in Developing Countries Book PDF

Author : Stephane Straub
Publisher : World Bank Publications
Page : 54 pages
File Size : 48,7 Mb
Release : 2016
Category : Electronic
ISBN : 8210379456XXX

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Infrastructure and Growth in Developing Countries by Stephane Straub Pdf

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.

Improving Public Infrastructure in the Philippines

Mr.Takuji Komatsuzaki
Improving Public Infrastructure in the Philippines Book PDF

Author : Mr.Takuji Komatsuzaki
Publisher : International Monetary Fund
Page : 24 pages
File Size : 53,9 Mb
Release : 2016-02-29
Category : Business & Economics
ISBN : 9781513515151

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Improving Public Infrastructure in the Philippines by Mr.Takuji Komatsuzaki Pdf

This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and (iii) deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization.

Economic Analysis and Infrastructure Investment

Edward L. Glaeser,James M. Poterba
Economic Analysis and Infrastructure Investment Book PDF

Author : Edward L. Glaeser,James M. Poterba
Publisher : University of Chicago Press
Page : 479 pages
File Size : 43,9 Mb
Release : 2021-11-11
Category : Business & Economics
ISBN : 9780226800585

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Economic Analysis and Infrastructure Investment by Edward L. Glaeser,James M. Poterba Pdf

"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"--

Public Capital, Growth and Welfare

Pierre-Richard Agénor
Public Capital Growth and Welfare Book PDF

Author : Pierre-Richard Agénor
Publisher : Princeton University Press
Page : 264 pages
File Size : 53,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780691155807

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Public Capital, Growth and Welfare by Pierre-Richard Agénor Pdf

Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.

Gaps and Governance Standards of Public Infrastructure in Chile Infrastructure Governance Review

OECD
Gaps and Governance Standards of Public Infrastructure in Chile Infrastructure Governance Review Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 364 pages
File Size : 43,5 Mb
Release : 2017-12-22
Category : Electronic
ISBN : 9789264278875

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Gaps and Governance Standards of Public Infrastructure in Chile Infrastructure Governance Review by OECD Pdf

This review examines Chile’s infrastructure stock and governance standards in light of the country’s 2030 growth agenda and OECD benchmarks, setting out how change can be achieved, with a special focus on transport and water.

Building for Prosperity

British Columbia
Building for Prosperity Book PDF

Author : British Columbia
Publisher : Unknown
Page : 11 pages
File Size : 51,8 Mb
Release : 2012
Category : Infrastructure (Economics)
ISBN : 1100205039

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Building for Prosperity by British Columbia Pdf

Safe, modern and effcient public infrastructure is key to British Columbia and Canada's economic growth and long-term prosperity. This document reviews the development of a long-term plan for public infrastructure that extends beyond the expiry of the Building Canada Plan, through Canada's Economic Action Plan and infrastructure programs.--Includes text from document.

Infrastructure and the Complexity of Economic Development

David F. Batten,Charlie Karlsson
Infrastructure and the Complexity of Economic Development Book PDF

Author : David F. Batten,Charlie Karlsson
Publisher : Springer Science & Business Media
Page : 296 pages
File Size : 44,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642802669

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Infrastructure and the Complexity of Economic Development by David F. Batten,Charlie Karlsson Pdf

The book examines the complex relationships between infrastructure and the rest of the economy. In particular, it focuses on the contentious issue of whether infrastructure investments stimulate productivity growth, issues of pricing and ownership, and also development problems such as environmental damage. Methods range from traditional production function models and compensating variation approaches to nonlinear methods of dynamic analysis. There is a unique emphasis on the ability of these different methods to allow for the complex interdependencies involved. Six of the fifteen papers deal with these methodological aspects, whereas the remainder addresses specific cases or examples in a variety of countries (Europe, USA and developing countries).

Infrastructure and Growth in Developing Countries

Stephane Straub
Infrastructure and Growth in Developing Countries Book PDF

Author : Stephane Straub
Publisher : World Bank Publications
Page : 54 pages
File Size : 55,8 Mb
Release : 2008
Category : Efficiency of Infrastructure
ISBN : 8210379456XXX

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Infrastructure and Growth in Developing Countries by Stephane Straub Pdf

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.

Public Infrastructure in the Western Balkans

Mr.Ruben V Atoyan,Ms.Dora Benedek,Ezequiel Cabezon,Mr.Giuseppe Cipollone,Mr.Jacques A Miniane,Ms.Nhu Nguyen,Mr.Martin Petri,Mr.Jens Reinke,Mr.James Roaf
Public Infrastructure in the Western Balkans Book PDF

Author : Mr.Ruben V Atoyan,Ms.Dora Benedek,Ezequiel Cabezon,Mr.Giuseppe Cipollone,Mr.Jacques A Miniane,Ms.Nhu Nguyen,Mr.Martin Petri,Mr.Jens Reinke,Mr.James Roaf
Publisher : International Monetary Fund
Page : 71 pages
File Size : 45,7 Mb
Release : 2018-02-07
Category : Business & Economics
ISBN : 9781484337189

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Public Infrastructure in the Western Balkans by Mr.Ruben V Atoyan,Ms.Dora Benedek,Ezequiel Cabezon,Mr.Giuseppe Cipollone,Mr.Jacques A Miniane,Ms.Nhu Nguyen,Mr.Martin Petri,Mr.Jens Reinke,Mr.James Roaf Pdf

An assessment of public infrastructure development in the Western Balkans. The paper quantifies the large gaps across various sectors/dimensions, evaluates current infrastructure plans, and discusses funding options available to countries in the region. The paper also identifies important bottlenecks for increased infrastructure investment. Finally, the paper quantifies potential growth benefits from addressing infrastructure gaps, concluding that boosting the quantity and quality of infrastructure is vital for raising economic growth and accelerating income convergence with the EU. The paper concludes with country-specific policy recommendations.

Infrastructure and Growth in South Africa

Johannes W. Fedderke,Željko Bogeti?
Infrastructure and Growth in South Africa Book PDF

Author : Johannes W. Fedderke,Željko Bogeti?
Publisher : World Bank Publications
Page : 48 pages
File Size : 41,6 Mb
Release : 2006
Category : Infrastructure (Economics)
ISBN : 8210379456XXX

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Infrastructure and Growth in South Africa by Johannes W. Fedderke,Željko Bogeti? Pdf

"Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities using panel data for South Africa over the 1970-2000 period, and a range of 19 infrastructure measures. Using a number of alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern is also shown to hold for their data set in estimations that include the infrastructure measures in simple growth frameworks. The authors demonstrate that controlling for potential endogeneity of infrastructure in estimation robustly eliminates virtually all evidence of ambiguous impacts of infrastructure, due for example to possible overinvestment in infrastructure. Controlling for the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only positive, but of economically meaningful magnitudes. These findings are invariant between the direct impact of infrastructure on labor productivity, and the indirect impact of infrastructure on total factor productivity."--World Bank web site.