Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
This paper presents a survey of recent research on the economics of infrastructure in developing countries. Energy, transport, telecommunications, water and sanitation are considered. The survey covers two main set of issues: the linkages between i...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/01/8915363/infrastructure-growth-developing-countries-recent-advances-research-challenges http://hdl.handle.net/10986/6458 |
| Summary: | This paper presents a survey of recent
research on the economics of infrastructure in developing
countries. Energy, transport, telecommunications, water and
sanitation are considered. The survey covers two main set of
issues: the linkages between infrastructure and economic
growth (at the economy-wide, regional and sectoral level)
and the composition, sequencing and efficiency of
alternative infrastructure investments, including the
arbitrage between new investments and maintenance
expenditures; OPEX and CAPEX, and public versus private
investment. Following the introduction, section 2 discusses
the theoretical foundations (growth theory and new economic
geography). Section 3 assesses the analysis of 140
specifications from 64 recent empirical papers-examining
type of data used, level of aggregation, econometric
techniques and nature of the sample-and discusses both the
macro-econometric and micro-econometric contributions of
these papers. Finally section 4 discusses directions for
future research and suggests priorities in data development. |
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