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South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully …
Persistent link: https://www.econbiz.de/10012613693
Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10011704410
This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public …
Persistent link: https://www.econbiz.de/10011763529
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been … infrastructure booms, and a case study of four emerging economies about their practice of funding infrastructure development. The … study shows that (i) there is no empirical evidence that rapid infrastructure growth would undermine contemporary …
Persistent link: https://www.econbiz.de/10014398382
recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks ….We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal …One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a …
Persistent link: https://www.econbiz.de/10014399662
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income...
Persistent link: https://www.econbiz.de/10014398314
Persistent link: https://www.econbiz.de/10009422427
This paper investigates the deindustrialization and welfare effects of infrastructure aid in developing countries. In … the short run, cost-saving infrastructure aid in the export sector increases the domestic wage rate, whereas the same aid … infrastructure aid. Infrastructure aid in the nontraded sector has no effect on domestic factor prices. Laborsaving infrastructure …
Persistent link: https://www.econbiz.de/10014400615
. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human … and economic development, India has shown a strong commitment to the Sustainable Development Goals (SDG) Agenda. This … paper focuses on the medium-term development challenges that South Asia, and in particular India, faces to ensure …
Persistent link: https://www.econbiz.de/10012794911
Persistent link: https://www.econbiz.de/10009423185