The Social Rate of Return on Infrastructure Investments

The authors estimate social rates of return to electricity-generating capacity and paved roads, relative to the return on general capital, by examining the effect on aggregate output and comparing that effect with the costs of construction. They fi...

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Bibliographic Details
Main Authors:	Canning, David, Bennathan, Esra
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACTUAL COSTS AGGREGATE OUTPUT BALANCED GROWTH BASE YEAR BASKET OF GOODS BENEFIT ANALYSIS BUSINESS CYCLE CAPACITY COSTS CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL GOODS CAPITAL-LABOR RATIO CLIMATIC CONDITIONS COAL COEFFICIENT CONSTANT ELASTICITY CONSTANT RETURNS CONSTANT RETURNS TO SCALE COST BENEFIT ANALYSIS DATA SET DEVELOPED WORLD DEVELOPING COUNTRIES DIMINISHING RETURNS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC RATE OF RETURN ECONOMIES OF SCALE ELASTICITIES ELASTICITY ELECTRICITY EMPIRICAL EVIDENCE EMPLOYMENT ENDOGENOUS GROWTH EXCHANGE RATE EXPLANATORY POWER EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXTERNALITIES FUNCTIONAL FORM GDP GDP DEFLATOR GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HUMAN CAPITAL IMPLYING INCOME INCOME DISTRIBUTION INCOME LEVEL INCOME LEVELS INDUSTRIAL ECONOMIES INFRASTRUCTURE CAPITAL INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROVISION INVENTORY INVESTMENT BEHAVIOR LABOR COSTS LABOR INPUTS LEISURE LESS DEVELOPED COUNTRIES LOG INCOME LOW INCOMES MARGINAL PRODUCT MIDDLE INCOME COUNTRIES NATURAL MONOPOLY NEGATIVE NEGATIVE COEFFICIENT NEGATIVE COEFFICIENTS OIL POLICY RESEARCH POLITICAL ECONOMY POPULATION DENSITIES POSITIVE POSITIVE COEFFICIENT POSITIVE CORRELATION POSITIVE EXTERNALITIES POWER PARITY PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROPERTY RIGHTS PUBLIC ECONOMICS PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC PROVISION PUBLIC SECTOR PURCHASING POWER ROADS SAVINGS SAVINGS RATES SKILLED LABOR TAX TIME SERIES TOTAL FACTOR PRODUCTIVITY TRANSPORT
Online Access:	http://documents.worldbank.org/curated/en/2000/07/436938/social-rate-return-infrastructure-investments http://hdl.handle.net/10986/19820

Internet

http://documents.worldbank.org/curated/en/2000/07/436938/social-rate-return-infrastructure-investments
http://hdl.handle.net/10986/19820

The Social Rate of Return on Infrastructure Investments

Internet

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