Current Debates on Infrastructure Policy

This paper provides an overview of the major current debates on infrastructure policy. It reviews the evidence on the macroeconomic significance of the sector in terms of growth and poverty alleviation. It also discusses the major institutional debates, including the relative comparative advantage of the public and the private sector in the various stages of infrastructure service delivery as well as the main options for changes in the role of government (i.e. regulation and decentralization).

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Bibliographic Details
Main Authors: Estache, Antonio, Fay, Marianne
Language:English
Published: World Bank, Washington, DC 2007-11
Subjects:ACCESSIBILITY, ACCOUNTING, AGGLOMERATION, AGGLOMERATION BENEFITS, AMORTIZATION, ARBITRAGE, ASSURANCE, AVERAGE TARIFF, BALANCE SHEET, BENEFICIARIES, BOTTLENECKS, BRIDGE, BUDGET CONSTRAINTS, BUSES, CAPACITY CONSTRAINT, CAPITAL STOCK, CAPITAL STOCKS, CARS, CASH FLOWS, CLIMATE CHANGE, CONCESSION, CONCESSION CONTRACTS, CONCESSIONS, CONFLICT OF INTEREST, CONGESTION, CONGESTION COSTS, CONNECTION COSTS, CONSUMER DEMAND, CONTRACT AWARD, COST OF CAPITAL, COST RECOVERY, COSTS OF TRANSPORT, CREDIT CONSTRAINTS, CREDIT MARKETS, CROSS SUBSIDIES, DEBT, DELIVERY OF INFRASTRUCTURE SERVICES, DEREGULATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DISBURSEMENTS, DISPOSABLE INCOME, DIVESTITURE, DRIVERS, DRIVING, ECONOMETRIC APPROACHES, ECONOMETRIC EVIDENCE, ECONOMIC GROWTH, ECONOMIC MODELS, ECONOMIC REGULATION, ELASTICITIES, ELASTICITY, ELECTRIC POWER, ELECTRICITY, ELECTRICITY DISTRIBUTION, ELECTRICITY GENERATION, ELECTRICITY SERVICES, EXPENDITURES, EXTERNALITIES, FINANCE INFRASTRUCTURE, FINANCIAL BURDEN, FINANCIAL CLOSURE, FINANCIAL TRANSACTIONS, FINANCING OF INFRASTRUCTURE, FISCAL CONSTRAINTS, FISCAL DECENTRALIZATION, FISCAL DEFICITS, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, FOREIGN EXCHANGE RISKS, FOREIGN FINANCING, GENERATION, GENERATION CAPACITY, GROWTH RATES, HIGH SPEED TRAIN, HIGHWAY, HIGHWAY NETWORK, HOUSEHOLD CONSUMPTION, HUMAN CAPITAL, INCOME GROWTH, INCOME LEVEL, INCOME LEVELS, INDEPENDENT REGULATION, INFRASTRUCTURE ASSETS, INFRASTRUCTURE FINANCING, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE INVESTORS, INFRASTRUCTURE POLICY, INFRASTRUCTURE PRIVATIZATION, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE PROVISION, INFRASTRUCTURE REFORM, INFRASTRUCTURE SECTOR, INFRASTRUCTURE SPENDING, INFRASTRUCTURE SUPPLY, INFRASTRUCTURES, INSTITUTIONAL CAPACITY, INSTRUMENT, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL ECONOMY, INTERNATIONAL ENERGY, INTERNATIONAL FINANCIAL COMMUNITY, INVENTORY, INVESTING, INVESTMENT CLIMATE, INVESTMENT COSTS, INVESTMENT DECISIONS, INVESTMENT FINANCE, LABOR MARKETS, LANES, LEASE CONTRACTS, LEGAL TRADITION, LENDERS, LICENSES, LIVING STANDARD, LOCAL ECONOMY, LOCAL MARKET, LOCAL TAXES, MACROECONOMIC VARIABLES, MAINTENANCE EXPENDITURES, MANAGEMENT CONTRACTS, MARKET FAILURES, MINIMUM RATE OF RETURN, MISSING MARKETS, MOBILITY, MORAL HAZARD, NETWORK EXTERNALITIES, OPPORTUNITY COSTS, PASSENGER TRANSPORT, POLITICAL DECENTRALIZATION, POLITICAL ECONOMY, POLITICAL RISKS, POOR HOUSEHOLDS, PORTS, POWER, POWER PLANTS, POWER SECTOR, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRIVATE INVESTORS, PRIVATE OPERATORS, PRIVATE PROVIDERS, PRIVATE SECTOR, PRIVATE SECTOR PARTICIPATION, PROVISIONS, PUBLIC, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE REVIEW, PUBLIC FUNDS, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC MONOPOLIES, PUBLIC PARTNERSHIP, PUBLIC SECTOR, PUBLIC SERVICE, PUBLIC SERVICES, PUBLIC SPENDING, RAIL, RAILWAY, RAILWAYS, RATE OF RETURN, RATES OF RETURN, REAL EXCHANGE RATE, REGIONAL TRANSPORT, REGIONAL ­ INFRASTRUCTURE, RENEGOTIATION, RENEGOTIATIONS, RENTS, RESERVES, RESIDENTIAL USERS, RETURNS, RING ROADS, RISK MITIGATION, ROAD, ROAD MAINTENANCE, ROAD NETWORKS, ROAD SECTOR, ROADS, SAFETY, SANITATION, SANITATION SERVICES, SAVINGS, SELF REGULATION, SERVICE PROVIDERS, SETTLEMENT, STOCK DATA, STOCK MARKET, STOCKS, SUBNATIONAL GOVERNMENTS, TAX, TAX REVENUE, TAXATION, TELECOMMUNICATIONS, TOLL, TRAFFIC, TRAFFIC MANAGEMENT, TRANSACTION, TRANSPARENCY, TRANSPORT, TRANSPORT CORRIDORS, TRANSPORT COSTS, TRANSPORT IMPROVEMENTS, TRANSPORT INFRASTRUCTURE, TRANSPORT NETWORK, TRANSPORT SECTOR, TRANSPORT SERVICES, TRANSPORTATION, TRANSPORTATION EQUITY, TRANSPORTATION EQUITY ACT, URBAN BUSES, URBAN POVERTY, URBAN ROADS, URBAN SERVICES, URBANIZATION, USER CHARGES, UTILITIES, WATER DISTRIBUTION, WATER SERVICES,
Online Access:http://documents.worldbank.org/curated/en/2007/11/8746288/current-debates-infrastructure-policy
https://hdl.handle.net/10986/7651
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Summary:This paper provides an overview of the major current debates on infrastructure policy. It reviews the evidence on the macroeconomic significance of the sector in terms of growth and poverty alleviation. It also discusses the major institutional debates, including the relative comparative advantage of the public and the private sector in the various stages of infrastructure service delivery as well as the main options for changes in the role of government (i.e. regulation and decentralization).