Infrastructure Investment Demands in Emerging Markets and Developing Economies

The authors have assembled 1960–2012 infrastructure stock data from 145 countries to estimate the demand for infrastructure services in emerging markets and developing economies. This paper identifies that the required resource flows to satisfy new demand while maintaining service for existing infrastructure amounts to $836 billion or 6.1 percent of current gross domestic product per year over the period 2014–20. The annual infrastructure investment gap for emerging markets and developing economies is $452 billion per year, which implies that emerging markets and developing economies should almost double their current spending. The paper also estimates that half of the spending should be allocated to maintenance of existing assets. Acknowledging the challenges to compare infrastructure investment estimates across different methodologies, the authors recognize this result as a lower bound estimate and compare the results with others available in the literature.

Bibliographic Details

Main Authors:	Ruiz-Nuñez, Fernanda, Wei, Zichao
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-09
Subjects:	URBAN TRANSPORT, SANITATION, PROFIT MAXIMIZATION, GROWTH RATES, MARKET COUNTRIES, WATER SERVICES, TRANSPORT SECTOR, INCOME FLOWS, ECONOMIC GROWTH, ACCOUNTING, INFRASTRUCTURE SERVICES, STOCK, TRANSPORT INFRASTRUCTURE, PUBLIC SECTOR, VEHICLES, GOVERNMENT SPENDING, INDUSTRY, GENERATION, EXCHANGE, DEPRECIATION RATE, ELASTICITY OF DEMAND, SERVICES, DEVELOPING COUNTRIES, TREND, ELASTICITY, INFRASTRUCTURE DEVELOPMENT, PUBLIC INFRASTRUCTURE, CAPITAL STOCK, TRAFFIC, AIRPORTS, STOCK DATA, INFRASTRUCTURE SECTOR, LONG-TERM INVESTMENT, MARKET ACCESS, INVESTMENT PROCESS, INFLATION, INTERNATIONAL BANK, INFRASTRUCTURE SPENDING, DEVELOPING COUNTRY, MAINTENANCE COSTS, EMERGING MARKET ECONOMIES, DRIVERS, OPEN ACCESS, CENTRAL BANK, EMERGING MARKET COUNTRIES, GENERATION CAPACITY, ROAD, CONTAINERIZATION, COSTS, TELECOMMUNICATIONS, TRANSPORT, POWER SECTOR, TELEPHONE LINES, INCOME GROWTH, INVESTMENT REQUIREMENT, GLOBALIZATION, EMERGING MARKET, MARKETS, PRIVATE INVESTMENT, INFLATION RATE, ASSET REPLACEMENT, INDICATORS, NATIONAL INFRASTRUCTURE, CAPITAL EXPENDITURE, ECONOMIC TARGETS, PRIVATE FINANCE, PORTS, GROSS DOMESTIC PRODUCT, INVENTORY, FINANCE, BANK POLICY, INFRASTRUCTURE, MARKET ECONOMIES, EXPENDITURE, ECONOMIC GROWTH RATE, INFRASTRUCTURE INVESTMENT, EMERGING MARKETS, HUMAN CAPITAL, TELEPHONE SERVICE, GOOD, TRANSPORTATION, CLIMATE CHANGE, POLICIES, ELECTRICITY DEMAND, FUTURE, INFRASTRUCTURE FINANCING, LAND TRANSPORT, POWER, BANK, INFRASTRUCTURE INVESTMENT REQUIREMENTS, POPULATION DENSITY, ELECTRICITY GENERATION, PRICE LEVEL, INVESTMENT FINANCING, SANITATION SECTOR, FINANCING REQUIREMENTS, EXPENDITURES, SHARES, MARKET, INFRASTRUCTURE PROJECTS, ECONOMICS, OM, ROADS, ENERGY EFFICIENCY, INFRASTRUCTURE INVESTMENTS, MACROECONOMIC VARIABLES, ECONOMIC DEVELOPMENT, RAILWAYS, GOODS, SANITATION SERVICES, EDUCATION, STOCKS, INVESTMENT, FUTURE DEMAND, SHARE, POVERTY, INTERNATIONAL ENERGY, RAIL, INVESTMENT REQUIREMENTS, MOBILE PHONES, PROFIT, INVESTMENTS, FIRST ORDER CONDITION, ELECTRICITY PRODUCTION, PRICES, DEVELOPMENT BANK, INCOME LEVEL, SWAP, INVESTING,
Online Access:	http://documents.worldbank.org/curated/en/2015/09/25057696/infrastructure-investment-demands-emerging-markets-developing-economies https://hdl.handle.net/10986/22670
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