Current Debates on Infrastructure Policy

Current Debates on Infrastructure Policy

This paper provides an overview of the major current debates on infrastructure policy. It reviews the evidence on the macroeconomic significance of the sector in terms of growth and poverty alleviation. It also discusses the major institutional d...

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Bibliographic Details
Main Authors:	Estache, Antonio, Fay, Marianne
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESSIBILITY ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS AMORTIZATION ARBITRAGE ASSURANCE AVERAGE TARIFF BALANCE SHEET BENEFICIARIES BOTTLENECKS BRIDGE BUDGET CONSTRAINTS BUSES CAPACITY CONSTRAINT CAPITAL STOCK CAPITAL STOCKS CARS CASH FLOWS CLIMATE CHANGE CONCESSION CONCESSION CONTRACTS CONCESSIONS CONFLICT OF INTEREST CONGESTION CONGESTION COSTS CONNECTION COSTS CONSUMER DEMAND CONTRACT AWARD COST OF CAPITAL COST RECOVERY COSTS OF TRANSPORT CREDIT CONSTRAINTS CREDIT MARKETS CROSS SUBSIDIES DEBT DELIVERY OF INFRASTRUCTURE SERVICES DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISBURSEMENTS DISPOSABLE INCOME DIVESTITURE DRIVERS DRIVING ECONOMETRIC APPROACHES ECONOMETRIC EVIDENCE ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC REGULATION ELASTICITIES ELASTICITY ELECTRIC POWER ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY SERVICES EXPENDITURES EXTERNALITIES FINANCE INFRASTRUCTURE FINANCIAL BURDEN FINANCIAL CLOSURE FINANCIAL TRANSACTIONS FINANCING OF INFRASTRUCTURE FISCAL CONSTRAINTS FISCAL DECENTRALIZATION FISCAL DEFICITS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN EXCHANGE RISKS FOREIGN FINANCING GENERATION GENERATION CAPACITY GROWTH RATES HIGH SPEED TRAIN HIGHWAY HIGHWAY NETWORK HOUSEHOLD CONSUMPTION HUMAN CAPITAL INCOME GROWTH INCOME LEVEL INCOME LEVELS INDEPENDENT REGULATION INFRASTRUCTURE ASSETS INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE INVESTORS INFRASTRUCTURE POLICY INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INFRASTRUCTURE REFORM INFRASTRUCTURE SECTOR INFRASTRUCTURE SPENDING INFRASTRUCTURE SUPPLY INFRASTRUCTURES INSTITUTIONAL CAPACITY INSTRUMENT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMY INTERNATIONAL ENERGY INTERNATIONAL FINANCIAL COMMUNITY INVENTORY INVESTING INVESTMENT CLIMATE INVESTMENT COSTS INVESTMENT DECISIONS INVESTMENT FINANCE LABOR MARKETS LANES LEASE CONTRACTS LEGAL TRADITION LENDERS LICENSES LIVING STANDARD LOCAL ECONOMY LOCAL MARKET LOCAL TAXES MACROECONOMIC VARIABLES MAINTENANCE EXPENDITURES MANAGEMENT CONTRACTS MARKET FAILURES MINIMUM RATE OF RETURN MISSING MARKETS MOBILITY MORAL HAZARD NETWORK EXTERNALITIES OPPORTUNITY COSTS PASSENGER TRANSPORT POLITICAL DECENTRALIZATION POLITICAL ECONOMY POLITICAL RISKS POOR HOUSEHOLDS PORTS POWER POWER PLANTS POWER SECTOR PRIVATE CAPITAL PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE OPERATORS PRIVATE PROVIDERS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PROVISIONS PUBLIC PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC FUNDS PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC MONOPOLIES PUBLIC PARTNERSHIP PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RAIL RAILWAY RAILWAYS RATE OF RETURN RATES OF RETURN REAL EXCHANGE RATE REGIONAL TRANSPORT REGIONAL INFRASTRUCTURE RENEGOTIATION RENEGOTIATIONS RENTS RESERVES RESIDENTIAL USERS RETURNS RING ROADS RISK MITIGATION ROAD ROAD MAINTENANCE ROAD NETWORKS ROAD SECTOR ROADS SAFETY SANITATION SANITATION SERVICES SAVINGS SELF REGULATION SERVICE PROVIDERS SETTLEMENT STOCK DATA STOCK MARKET STOCKS SUBNATIONAL GOVERNMENTS TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TOLL TRAFFIC TRAFFIC MANAGEMENT TRANSACTION TRANSPARENCY TRANSPORT TRANSPORT CORRIDORS TRANSPORT COSTS TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT NETWORK TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORTATION TRANSPORTATION EQUITY TRANSPORTATION EQUITY ACT URBAN BUSES URBAN POVERTY URBAN ROADS URBAN SERVICES URBANIZATION USER CHARGES UTILITIES WATER DISTRIBUTION WATER SERVICES
Online Access:	http://documents.worldbank.org/curated/en/2007/11/8746288/current-debates-infrastructure-policy http://hdl.handle.net/10986/7651

Description
Summary:	This paper provides an overview of the major current debates on infrastructure policy. It reviews the evidence on the macroeconomic significance of the sector in terms of growth and poverty alleviation. It also discusses the major institutional debates, including the relative comparative advantage of the public and the private sector in the various stages of infrastructure service delivery as well as the main options for changes in the role of government (i.e. regulation and decentralization).