Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
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World Bank, Washington, DC
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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.
Palabras clave
ACCESSIBILITY, ADMINISTRATIVE CAPACITY, AGGLOMERATION, AGGLOMERATION EFFECTS, AGRICULTURE, AIRPORTS, ALLOCATION, ARBITRAGE, ASSET PRICES, CAPITAL ACCUMULATION, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAPITAL INVESTMENT, CAPITAL STOCK, COMPARATIVE ADVANTAGES, CONGESTION, CONGESTION COSTS, CONSTANT RETURNS TO SCALE, CONSUMERS, CONVICTION, COST-BENEFIT ANALYSIS, DEGREE OF AGGLOMERATION, DEREGULATION, DEVELOPMENT ECONOMICS, DEVELOPMENT POLICIES, DIMINISHING RETURNS, DISTRIBUTIONAL CONSEQUENCES, ECONOMIC ACTIVITY, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC OUTCOMES, ECONOMIC PERFORMANCE, ECONOMIC THEORY, ECONOMICS OF INFRASTRUCTURE, ECONOMIES OF SCALE, EFFICIENCY OF INFRASTRUCTURE, ELASTICITY, ELECTRICITY GENERATORS, EQUILIBRIUM, EXPORTS, EXTERNALITIES, FACTORS OF PRODUCTION, FINANCIAL MARKETS, FIXED COSTS, FORMS OF REGULATION, FREIGHT, FUEL, FUEL PRICE, FUTURE RESEARCH, GDP, GENERATION, GINI COEFFICIENT, GOOD TRANSPORT, GROWTH MODEL, GROWTH MODELS, GROWTH RATE, GROWTH THEORY, HIGH TRANSPORT, HUMAN CAPITAL, IMPERFECT COMPETITION, INCOME, INCOME DISTRIBUTION, INCOME LEVELS, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INDUSTRIALIZATION, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE POLICIES, INFRASTRUCTURE POLICY, INFRASTRUCTURE SERVICES, INFRASTRUCTURE SPENDING, INFRASTRUCTURES, INVENTORY, INVESTMENT CLIMATE, INVESTMENT IN ROADS, LAND TRANSPORT, LAND USE, LATIN AMERICAN, LOCAL ROADS, LOCAL TRANSPORT, MAINTENANCE EXPENDITURES, MARKET ACCESS, MOBILITY, MOTORWAY NETWORK, NETWORK EXTERNALITIES, NETWORK UPGRADING, POLITICAL ECONOMY, POLLUTION, POPULATION GROWTH, POSITIVE EFFECTS, PRIVATE CAPITAL, PRIVATE OPERATORS, PRIVATE SECTOR, PRIVATIZATION, PRODUCTION FUNCTION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC GOOD, PUBLIC INVESTMENT, QUALITY OF TRANSPORT, RAILROAD, RAILROADS, RAILWAYS, REGIONAL INFRASTRUCTURE, REGIONAL TRANSPORT, REGULATORY FRAMEWORK, RENTS, RETURNS TO SCALE, ROAD, ROAD INFRASTRUCTURE, ROAD NETWORK, ROAD QUALITY, ROAD SECTOR, ROAD TRANSPORT, ROADS, ROUTES, RURAL ROADS, SANITATION, SAVINGS, SPECIALIZATION, STOCKS, TAX, TAXATION, TELECOMMUNICATIONS, TRADE-OFF, TRAFFIC, TRANSIT, TRANSPORT, TRANSPORT COSTS, TRANSPORT DATA, TRANSPORT INDUSTRY, TRANSPORT INFRASTRUCTURE, TRANSPORT TECHNOLOGY, TRANSPORTATION, TRANSPORTATION COSTS, TRANSPORTATION INFRASTRUCTURE, TRANSPORTATION SERVICES, TRAVEL TIME, TRUCKS, TRUE, URBAN ECONOMICS, WAGES, WATER INFRASTRUCTURE