Infrastructure in Latin America

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.

Bibliographic Details

Main Authors:	Calderón, César, Servén, Luis
Format:	Policy Research Working Paper biblioteca
Language:	English
Published:	2010-05-01
Subjects:	ACCESS REGULATION, ACCESS TO SAFE WATER, ACCESSIBILITY, ACCOUNTING, ACCOUNTING STANDARDS, ALLOCATION OF RISK, ALLOCATION OF RISKS, CAPITAL ACCUMULATION, CAPITAL EXPENDITURE, CAPITAL STOCK, CONCESSION, CONCESSION AGREEMENTS, CONCESSIONS, CONDITIONAL CONVERGENCE, CONSOLIDATION, CONTRACT AWARD, COST RECOVERY, DEBT, DEBT REPAYMENT, DEFICITS, DISTRIBUTION LOSSES, DISTRIBUTION OF INCOME, DIVESTITURE, ECONOMIC DEVELOPMENT, ECONOMIC DYNAMICS, ECONOMIC GROWTH, ECONOMIC POLICIES, ELECTRIC POWER, ELECTRICITY, ELECTRICITY DISTRIBUTION, ELECTRICITY GENERATION, ELECTRICITY SERVICES, ELECTRICITY SUPPLY, EMPLOYMENT, ESCALATOR, EXCESS DEMAND, FEE COLLECTION, FINANCING OF INFRASTRUCTURE, FISCAL DEFICIT, FISCAL DISCIPLINE, FISCAL POLICY, FOREIGN FINANCING, FREE MARKETS, FUEL, GENERATION CAPACITY, GOVERNMENT GUARANTEES, GOVERNMENT INTERVENTION, GOVERNMENT OBLIGATIONS, GOVERNMENT SPENDING, GOVERNMENT SUBSIDIES, GROWTH IN DEMAND, GROWTH RATES, HARD BUDGET CONSTRAINTS, HIGHWAY, HIGHWAYS, INCOME DISTRIBUTION, INFLATION, INFRASTRUCTURE ASSETS, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE FINANCE, INFRASTRUCTURE FINANCING, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PERFORMANCE, INFRASTRUCTURE PRIVATIZATION, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE PROVISION, INFRASTRUCTURE REFORM, INFRASTRUCTURE SECTOR, INFRASTRUCTURE SERVICES, INFRASTRUCTURE SPENDING, INSPECTION, INVESTMENT COSTS, INVESTMENT OBLIGATIONS, INVESTMENT SPENDING, LAND TRANSPORT, MACROECONOMICS, O&M, PAYBACK PERIOD, PENSIONS, POPULATION DENSITY, POWER, POWER SECTOR, POWER THEFT, PRESENT VALUE, PRICE STABILITY, PRIVATE FINANCING, PRIVATE INVESTOR, PRIVATE SECTOR, PRIVATE SECTOR ACTIVITY, PRIVATE SECTOR PARTICIPATION, PRODUCTIVITY, PROFITABILITY, PROVISION OF INFRASTRUCTURE, PROVISIONS, PUBLIC, PUBLIC ASSETS, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC MONOPOLIES, PUBLIC POLICIES, PUBLIC RESOURCES, PUBLIC REVENUES, PUBLIC SECTOR, PUBLIC SECTOR INVESTMENT, PUBLIC SECTOR RETRENCHMENT, PUBLIC SECTOR WAGES, PUBLIC SPENDING, PUBLIC UTILITIES, RAILWAYS, REGULATORY FRAMEWORK, ROAD, ROAD NETWORK, ROAD QUALITY, ROADS, SANITATION, SERVICE RELIABILITY, STATE ENTERPRISES, STOCKS, TAX, TAX REVENUES, TAXATION, TELECOMMUNICATIONS, TOLL, TOLL ROAD, TOLL ROAD PROGRAM, TOLL ROADS, TRAILS, TRANSACTION COSTS, TRANSFER OF ASSETS, TRANSPARENCY, TRANSPORT, TRANSPORT INFRASTRUCTURE, TRANSPORT NETWORK, TRANSPORTATION, TRANSPORTATION SERVICES, UTILITY PRIVATIZATION, VEHICLE, VEHICLES, WALKING, WEALTH,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100524133508 http://hdl.handle.net/10986/3801
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