Trends in Infrastructure in Latin America, 1980-2001

Trends in Infrastructure in Latin America, 1980-2001

There is widespread concern across Latin America that the provision of infrastructure services has suffered as a consequence of the retrenchment of the public sector and the insufficient response of the private sector to the opening up of infrastru...

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Bibliographic Details
Main Authors: Calderón, César, Servén, Luis
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
AIRPORTS
CENTRAL BANK
COMPETITIVENESS
DRINKING WATER
ECONOMIC DEVELOPMENT
ELASTICITY
ELECTRICITY
ELECTRICITY GENERATION
EMPIRICAL ANALYSIS
ENDOWMENTS
EXCESS DEMAND
EXPENDITURES
FISCAL DISCIPLINE
GDP
INCOME
INCOME LEVELS
INDUSTRIAL ECONOMIES
INFRASTRUCTURE QUALITY
INFRASTRUCTURE SERVICES
INVESTMENT EXPENDITURES
LABOR FORCE
LAGS
LOCAL AUTHORITIES
LOCAL GOVERNMENTS
MIDDLE INCOME COUNTRIES
MUNICIPALITIES
PER CAPITA INCOME
PORTS
PRIVATE SECTOR
PRODUCTION FUNCTION
PROVISION OF INFRASTRUCTURE
PUBLIC ENTERPRISES
PUBLIC INFRASTRUCTURE
PUBLIC INVESTMENT
PUBLIC SECTOR
PUBLIC SPENDING
ROADS
TELECOMMUNICATIONS
TIME SERIES
TOTAL OUTPUT
TRANSPORTATION
UNITED NATIONS
URBANIZATION
WATER SYSTEMS
Online Access:http://documents.worldbank.org/curated/en/2004/09/5144639/trends-infrastructure-latin-america-1980-2001
http://hdl.handle.net/10986/14129
Description
Summary:There is widespread concern across Latin America that the provision of infrastructure services has suffered as a consequence of the retrenchment of the public sector and the insufficient response of the private sector to the opening up of infrastructure industries to private participation in most countries. The authors document the recent trends in infrastructure stocks and infrastructure investment in major Latin American economies. Using an updated dataset constructed for this task, the authors describe the evolution of the quantity and quality of infrastructure assets-power, transport, and telecommunications-as well as the investment expenditures of the public and private sectors. They find that Latin America lags behind the international norm in terms of infrastructure quantity and quality, and there is little evidence that the gap may be closing-except in the telecommunications sector. Furthermore, overall infrastructure investment has fallen, as a combined result of the retrenchment of public investment and the limited response of the private sector, which has been mostly confined to the telecommunications industry. However, there is considerable disparity across countries. On the whole the data show that the countries most successful in attracting large volumes of private investment (Bolivia, Chile, and Colombia) are precisely those where public investment has remained high.

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