Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation
Infrastructure investment is a central part of the stimulus plans of the Latin America and Caribbean Region (LAC) as it confronts the growing financial crisis. This paper estimates the potential effects on direct, indirect, and induced employment f...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/05/11955066/crisis-lac-infrastructure-investment-potential-employment-generation http://hdl.handle.net/10986/10986 |
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okr-10986-109862021-04-23T14:02:53Z Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation Tuck, Laura Schwartz, Jordan Andres, Luis AGGREGATE DEMAND APPROACH BALANCE BIOMASS CAPITAL INVESTMENT CARBON EMISSIONS COAL DAY LABORERS DRAINAGE ECONOMICS ELECTRICITY ELECTRICITY SUPPLY EMPLOYEE EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT IMPACTS GAS GENERATION GENERATION OF ELECTRICITY GROSS DOMESTIC PRODUCT HIGH UNEMPLOYMENT HIGHWAY HIGHWAY ADMINISTRATION HIGHWAY CONSTRUCTION HIGHWAY PROJECTS HYDROPOWER HYDROPOWER PLANT INCOME INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENTS IN HIGHWAYS JOBS LOCAL LABOR MARKET MINIMUM WAGE MODES OF TRANSPORT NATURAL GAS PIPELINE POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY PUBLIC HOUSING PUBLIC WORK PUBLIC WORKS PUBLIC WORKS PROJECT RAIL RENEWABLE ENERGY ROAD ROAD INFRASTRUCTURE ROAD INVESTMENT ROAD MAINTENANCE ROUTES RURAL ELECTRIFICATION RURAL ROADS SANITATION STREETS SUBSTITUTION EFFECT SUBSTITUTION EFFECTS TAX TAX CREDITS TRANSPORT TRANSPORTATION TRANSPORTATION POLICY TRANSPORTATION SPENDING UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT LEVELS UNSKILLED LABOR UNSKILLED WORKERS URBAN ROADS WAGES WIND WIND POWER WORKERS WORKING HOURS Infrastructure investment is a central part of the stimulus plans of the Latin America and Caribbean Region (LAC) as it confronts the growing financial crisis. This paper estimates the potential effects on direct, indirect, and induced employment for different types of infrastructure projects with LAC-specific variables. The analysis finds that the direct and indirect short-term employment generation potential of infrastructure capital investment projects may be considerable-averaging around 40,000 annual jobs per US$1billion in LAC, depending upon such variables as the mix of subsectors in the investment program; the technologies deployed; local wages for skilled and unskilled labor; and the degrees of leakages to imported inputs. While these numbers do not account for substitution effect, they are built around an assumed "basket" of investments that crosses infrastructure sectors most of which are not employment-maximizing. Albeit limited in scope, rural road maintenance projects may employ 200,000 to 500,000 annualized direct jobs for every US$1billion spent. The paper also describes the potential risks to effective infrastructure investment in an environment of crisis including sorting and planning contradictions, delayed implementation and impact, affordability, and corruption. 2012-08-13T13:47:19Z 2012-08-13T13:47:19Z 2009-05 http://documents.worldbank.org/curated/en/2009/05/11955066/crisis-lac-infrastructure-investment-potential-employment-generation http://hdl.handle.net/10986/10986 English Latin America and the Caribbean Region (LCR) Crisis Briefs CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AGGREGATE DEMAND APPROACH BALANCE BIOMASS CAPITAL INVESTMENT CARBON EMISSIONS COAL DAY LABORERS DRAINAGE ECONOMICS ELECTRICITY ELECTRICITY SUPPLY EMPLOYEE EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT IMPACTS GAS GENERATION GENERATION OF ELECTRICITY GROSS DOMESTIC PRODUCT HIGH UNEMPLOYMENT HIGHWAY HIGHWAY ADMINISTRATION HIGHWAY CONSTRUCTION HIGHWAY PROJECTS HYDROPOWER HYDROPOWER PLANT INCOME INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENTS IN HIGHWAYS JOBS LOCAL LABOR MARKET MINIMUM WAGE MODES OF TRANSPORT NATURAL GAS PIPELINE POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY PUBLIC HOUSING PUBLIC WORK PUBLIC WORKS PUBLIC WORKS PROJECT RAIL RENEWABLE ENERGY ROAD ROAD INFRASTRUCTURE ROAD INVESTMENT ROAD MAINTENANCE ROUTES RURAL ELECTRIFICATION RURAL ROADS SANITATION STREETS SUBSTITUTION EFFECT SUBSTITUTION EFFECTS TAX TAX CREDITS TRANSPORT TRANSPORTATION TRANSPORTATION POLICY TRANSPORTATION SPENDING UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT LEVELS UNSKILLED LABOR UNSKILLED WORKERS URBAN ROADS WAGES WIND WIND POWER WORKERS WORKING HOURS |
| spellingShingle |
AGGREGATE DEMAND APPROACH BALANCE BIOMASS CAPITAL INVESTMENT CARBON EMISSIONS COAL DAY LABORERS DRAINAGE ECONOMICS ELECTRICITY ELECTRICITY SUPPLY EMPLOYEE EMPLOYMENT EMPLOYMENT GENERATION EMPLOYMENT IMPACTS GAS GENERATION GENERATION OF ELECTRICITY GROSS DOMESTIC PRODUCT HIGH UNEMPLOYMENT HIGHWAY HIGHWAY ADMINISTRATION HIGHWAY CONSTRUCTION HIGHWAY PROJECTS HYDROPOWER HYDROPOWER PLANT INCOME INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENTS IN HIGHWAYS JOBS LOCAL LABOR MARKET MINIMUM WAGE MODES OF TRANSPORT NATURAL GAS PIPELINE POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY PUBLIC HOUSING PUBLIC WORK PUBLIC WORKS PUBLIC WORKS PROJECT RAIL RENEWABLE ENERGY ROAD ROAD INFRASTRUCTURE ROAD INVESTMENT ROAD MAINTENANCE ROUTES RURAL ELECTRIFICATION RURAL ROADS SANITATION STREETS SUBSTITUTION EFFECT SUBSTITUTION EFFECTS TAX TAX CREDITS TRANSPORT TRANSPORTATION TRANSPORTATION POLICY TRANSPORTATION SPENDING UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT LEVELS UNSKILLED LABOR UNSKILLED WORKERS URBAN ROADS WAGES WIND WIND POWER WORKERS WORKING HOURS Tuck, Laura Schwartz, Jordan Andres, Luis Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation |
| geographic_facet |
Latin America & Caribbean |
| relation |
Latin America and the Caribbean Region (LCR) Crisis Briefs |
| description |
Infrastructure investment is a central
part of the stimulus plans of the Latin America and
Caribbean Region (LAC) as it confronts the growing financial
crisis. This paper estimates the potential effects on
direct, indirect, and induced employment for different types
of infrastructure projects with LAC-specific variables. The
analysis finds that the direct and indirect short-term
employment generation potential of infrastructure capital
investment projects may be considerable-averaging around
40,000 annual jobs per US$1billion in LAC, depending upon
such variables as the mix of subsectors in the investment
program; the technologies deployed; local wages for skilled
and unskilled labor; and the degrees of leakages to imported
inputs. While these numbers do not account for substitution
effect, they are built around an assumed "basket"
of investments that crosses infrastructure sectors most of
which are not employment-maximizing. Albeit limited in
scope, rural road maintenance projects may employ 200,000 to
500,000 annualized direct jobs for every US$1billion spent.
The paper also describes the potential risks to effective
infrastructure investment in an environment of crisis
including sorting and planning contradictions, delayed
implementation and impact, affordability, and corruption. |
| format |
Publications & Research :: Brief |
| author |
Tuck, Laura Schwartz, Jordan Andres, Luis |
| author_facet |
Tuck, Laura Schwartz, Jordan Andres, Luis |
| author_sort |
Tuck, Laura |
| title |
Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation |
| title_short |
Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation |
| title_full |
Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation |
| title_fullStr |
Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation |
| title_full_unstemmed |
Crisis in LAC : Infrastructure Investment and the Potential for Employment Generation |
| title_sort |
crisis in lac : infrastructure investment and the potential for employment generation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/05/11955066/crisis-lac-infrastructure-investment-potential-employment-generation http://hdl.handle.net/10986/10986 |
| _version_ |
1764415101639589888 |