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"Infrastructure projects are often technically complicated and highly customized. Therefore, procurement competition … tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However …, the degree of competition realized is closely related to bidders' entry decision and the auctioneer's decision on how to …
Persistent link: https://www.econbiz.de/10011394147
"With the exception of South Africa, local financial markets in sub-Saharan Africa remain underdeveloped and small, with a particular dearth of financing with maturity terms commensurate with the medium- to long-term horizons of infrastructure projects. But as financial market reforms gather...
Persistent link: https://www.econbiz.de/10011394172
"Household surveys have long been used to estimate poverty and inequality trends, as well as trends in education and health indicators, but they have not been used to the same extent to assess trends in the access to or coverage of modern infrastructure services. In this paper, we use...
Persistent link: https://www.econbiz.de/10011394174
"The world economic crisis of 2008 presents clear challenges to prospects for economic growth in developing countries. This is particularly true for emerging economies in East Asia that have relied to a great extent over the past decade on export-led growth. What steps to facilitate trade...
Persistent link: https://www.econbiz.de/10011394205
"The paper's objective is to explain factors underlying Africa's weak infrastructure endowment and to identify suitable infrastructure goals for the region based on benchmarking against international peers. The authors use a dataset covering the stocks of key infrastructure-including information...
Persistent link: https://www.econbiz.de/10011394206
"The goal of the paper is to provide a comprehensive assessment of the impact of infrastructure development on growth in African countries. Based on econometric estimates for a sample of 136 countries from 1960-2005, the authors evaluate the impact on per capita growth of faster accumulation of...
Persistent link: https://www.econbiz.de/10011394208