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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Main Author:	Straub, Stéphane
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESSIBILITY ADMINISTRATIVE CAPACITY AGGLOMERATION AGGLOMERATION EFFECTS AGRICULTURE AIRPORTS ALLOCATION ARBITRAGE ASSET PRICES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGES CONGESTION CONGESTION COSTS CONSTANT RETURNS TO SCALE CONSUMERS CONVICTION COST-BENEFIT ANALYSIS DEGREE OF AGGLOMERATION DEREGULATION DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DIMINISHING RETURNS DISTRIBUTIONAL CONSEQUENCES ECONOMIC ACTIVITY ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMICS OF INFRASTRUCTURE ECONOMIES OF SCALE EFFICIENCY OF INFRASTRUCTURE ELASTICITY ELECTRICITY GENERATORS EQUILIBRIUM EXPORTS EXTERNALITIES FACTORS OF PRODUCTION FINANCIAL MARKETS FIXED COSTS FORMS OF REGULATION FREIGHT FUEL FUEL PRICE FUTURE RESEARCH GDP GENERATION GINI COEFFICIENT GOOD TRANSPORT GROWTH MODEL GROWTH MODELS GROWTH RATE GROWTH THEORY HIGH TRANSPORT HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCOME DISTRIBUTION INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIALIZATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE POLICIES INFRASTRUCTURE POLICY INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INFRASTRUCTURES INVENTORY INVESTMENT CLIMATE INVESTMENT IN ROADS LAND TRANSPORT LAND USE LATIN AMERICAN LOCAL ROADS LOCAL TRANSPORT MAINTENANCE EXPENDITURES MARKET ACCESS MOBILITY MOTORWAY NETWORK NETWORK EXTERNALITIES NETWORK UPGRADING POLITICAL ECONOMY POLLUTION POPULATION GROWTH POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE OPERATORS PRIVATE SECTOR PRIVATIZATION PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC GOOD PUBLIC INVESTMENT QUALITY OF TRANSPORT RAILROAD RAILROADS RAILWAYS REGIONAL INFRASTRUCTURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENTS RETURNS TO SCALE ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD QUALITY ROAD SECTOR ROAD TRANSPORT ROADS ROUTES RURAL ROADS SANITATION SAVINGS SPECIALIZATION STOCKS TAX TAXATION TELECOMMUNICATIONS TRADE-OFF TRAFFIC TRANSIT TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INDUSTRY TRANSPORT INFRASTRUCTURE TRANSPORT TECHNOLOGY TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION INFRASTRUCTURE TRANSPORTATION SERVICES TRAVEL TIME TRUCKS TRUE URBAN ECONOMICS WAGES WATER INFRASTRUCTURE
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

id	okr-10986-6458
recordtype	oai_dc
spelling	okr-10986-64582021-04-23T14:02:30Z Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges Straub, Stéphane ACCESSIBILITY ADMINISTRATIVE CAPACITY AGGLOMERATION AGGLOMERATION EFFECTS AGRICULTURE AIRPORTS ALLOCATION ARBITRAGE ASSET PRICES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGES CONGESTION CONGESTION COSTS CONSTANT RETURNS TO SCALE CONSUMERS CONVICTION COST-BENEFIT ANALYSIS DEGREE OF AGGLOMERATION DEREGULATION DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DIMINISHING RETURNS DISTRIBUTIONAL CONSEQUENCES ECONOMIC ACTIVITY ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMICS OF INFRASTRUCTURE ECONOMIES OF SCALE EFFICIENCY OF INFRASTRUCTURE ELASTICITY ELECTRICITY GENERATORS EQUILIBRIUM EXPORTS EXTERNALITIES FACTORS OF PRODUCTION FINANCIAL MARKETS FIXED COSTS FORMS OF REGULATION FREIGHT FUEL FUEL PRICE FUTURE RESEARCH GDP GENERATION GINI COEFFICIENT GOOD TRANSPORT GROWTH MODEL GROWTH MODELS GROWTH RATE GROWTH THEORY HIGH TRANSPORT HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCOME DISTRIBUTION INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIALIZATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE POLICIES INFRASTRUCTURE POLICY INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INFRASTRUCTURES INVENTORY INVESTMENT CLIMATE INVESTMENT IN ROADS LAND TRANSPORT LAND USE LATIN AMERICAN LOCAL ROADS LOCAL TRANSPORT MAINTENANCE EXPENDITURES MARKET ACCESS MOBILITY MOTORWAY NETWORK NETWORK EXTERNALITIES NETWORK UPGRADING POLITICAL ECONOMY POLLUTION POPULATION GROWTH POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE OPERATORS PRIVATE SECTOR PRIVATIZATION PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC GOOD PUBLIC INVESTMENT QUALITY OF TRANSPORT RAILROAD RAILROADS RAILWAYS REGIONAL INFRASTRUCTURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENTS RETURNS TO SCALE ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD QUALITY ROAD SECTOR ROAD TRANSPORT ROADS ROUTES RURAL ROADS SANITATION SAVINGS SPECIALIZATION STOCKS TAX TAXATION TELECOMMUNICATIONS TRADE-OFF TRAFFIC TRANSIT TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INDUSTRY TRANSPORT INFRASTRUCTURE TRANSPORT TECHNOLOGY TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION INFRASTRUCTURE TRANSPORTATION SERVICES TRAVEL TIME TRUCKS TRUE URBAN ECONOMICS WAGES WATER INFRASTRUCTURE 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. 2012-05-25T19:27:42Z 2012-05-25T19:27:42Z 2008-01 http://documents.worldbank.org/curated/en/2008/01/8915363/infrastructure-growth-developing-countries-recent-advances-research-challenges http://hdl.handle.net/10986/6458 English Policy Research Working Paper; No. 4460 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCESSIBILITY ADMINISTRATIVE CAPACITY AGGLOMERATION AGGLOMERATION EFFECTS AGRICULTURE AIRPORTS ALLOCATION ARBITRAGE ASSET PRICES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGES CONGESTION CONGESTION COSTS CONSTANT RETURNS TO SCALE CONSUMERS CONVICTION COST-BENEFIT ANALYSIS DEGREE OF AGGLOMERATION DEREGULATION DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DIMINISHING RETURNS DISTRIBUTIONAL CONSEQUENCES ECONOMIC ACTIVITY ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMICS OF INFRASTRUCTURE ECONOMIES OF SCALE EFFICIENCY OF INFRASTRUCTURE ELASTICITY ELECTRICITY GENERATORS EQUILIBRIUM EXPORTS EXTERNALITIES FACTORS OF PRODUCTION FINANCIAL MARKETS FIXED COSTS FORMS OF REGULATION FREIGHT FUEL FUEL PRICE FUTURE RESEARCH GDP GENERATION GINI COEFFICIENT GOOD TRANSPORT GROWTH MODEL GROWTH MODELS GROWTH RATE GROWTH THEORY HIGH TRANSPORT HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCOME DISTRIBUTION INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIALIZATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE POLICIES INFRASTRUCTURE POLICY INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INFRASTRUCTURES INVENTORY INVESTMENT CLIMATE INVESTMENT IN ROADS LAND TRANSPORT LAND USE LATIN AMERICAN LOCAL ROADS LOCAL TRANSPORT MAINTENANCE EXPENDITURES MARKET ACCESS MOBILITY MOTORWAY NETWORK NETWORK EXTERNALITIES NETWORK UPGRADING POLITICAL ECONOMY POLLUTION POPULATION GROWTH POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE OPERATORS PRIVATE SECTOR PRIVATIZATION PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC GOOD PUBLIC INVESTMENT QUALITY OF TRANSPORT RAILROAD RAILROADS RAILWAYS REGIONAL INFRASTRUCTURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENTS RETURNS TO SCALE ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD QUALITY ROAD SECTOR ROAD TRANSPORT ROADS ROUTES RURAL ROADS SANITATION SAVINGS SPECIALIZATION STOCKS TAX TAXATION TELECOMMUNICATIONS TRADE-OFF TRAFFIC TRANSIT TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INDUSTRY TRANSPORT INFRASTRUCTURE TRANSPORT TECHNOLOGY TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION INFRASTRUCTURE TRANSPORTATION SERVICES TRAVEL TIME TRUCKS TRUE URBAN ECONOMICS WAGES WATER INFRASTRUCTURE
spellingShingle	ACCESSIBILITY ADMINISTRATIVE CAPACITY AGGLOMERATION AGGLOMERATION EFFECTS AGRICULTURE AIRPORTS ALLOCATION ARBITRAGE ASSET PRICES CAPITAL ACCUMULATION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL STOCK COMPARATIVE ADVANTAGES CONGESTION CONGESTION COSTS CONSTANT RETURNS TO SCALE CONSUMERS CONVICTION COST-BENEFIT ANALYSIS DEGREE OF AGGLOMERATION DEREGULATION DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DIMINISHING RETURNS DISTRIBUTIONAL CONSEQUENCES ECONOMIC ACTIVITY ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMICS OF INFRASTRUCTURE ECONOMIES OF SCALE EFFICIENCY OF INFRASTRUCTURE ELASTICITY ELECTRICITY GENERATORS EQUILIBRIUM EXPORTS EXTERNALITIES FACTORS OF PRODUCTION FINANCIAL MARKETS FIXED COSTS FORMS OF REGULATION FREIGHT FUEL FUEL PRICE FUTURE RESEARCH GDP GENERATION GINI COEFFICIENT GOOD TRANSPORT GROWTH MODEL GROWTH MODELS GROWTH RATE GROWTH THEORY HIGH TRANSPORT HUMAN CAPITAL IMPERFECT COMPETITION INCOME INCOME DISTRIBUTION INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDUSTRIALIZATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE POLICIES INFRASTRUCTURE POLICY INFRASTRUCTURE SERVICES INFRASTRUCTURE SPENDING INFRASTRUCTURES INVENTORY INVESTMENT CLIMATE INVESTMENT IN ROADS LAND TRANSPORT LAND USE LATIN AMERICAN LOCAL ROADS LOCAL TRANSPORT MAINTENANCE EXPENDITURES MARKET ACCESS MOBILITY MOTORWAY NETWORK NETWORK EXTERNALITIES NETWORK UPGRADING POLITICAL ECONOMY POLLUTION POPULATION GROWTH POSITIVE EFFECTS PRIVATE CAPITAL PRIVATE OPERATORS PRIVATE SECTOR PRIVATIZATION PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC GOOD PUBLIC INVESTMENT QUALITY OF TRANSPORT RAILROAD RAILROADS RAILWAYS REGIONAL INFRASTRUCTURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENTS RETURNS TO SCALE ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD QUALITY ROAD SECTOR ROAD TRANSPORT ROADS ROUTES RURAL ROADS SANITATION SAVINGS SPECIALIZATION STOCKS TAX TAXATION TELECOMMUNICATIONS TRADE-OFF TRAFFIC TRANSIT TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INDUSTRY TRANSPORT INFRASTRUCTURE TRANSPORT TECHNOLOGY TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION INFRASTRUCTURE TRANSPORTATION SERVICES TRAVEL TIME TRUCKS TRUE URBAN ECONOMICS WAGES WATER INFRASTRUCTURE Straub, Stéphane Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
relation	Policy Research Working Paper; No. 4460
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Straub, Stéphane
author_facet	Straub, Stéphane
author_sort	Straub, Stéphane
title	Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
title_short	Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
title_full	Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
title_fullStr	Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
title_full_unstemmed	Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges
title_sort	infrastructure and growth in developing countries : recent advances and research challenges
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/01/8915363/infrastructure-growth-developing-countries-recent-advances-research-challenges http://hdl.handle.net/10986/6458
_version_	1764399987213467648

Infrastructure and Growth in Developing Countries : Recent Advances and Research Challenges

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