Limits of Stabilization : Infrastructure, Public Deficits and Growth in Latin America

Limits of Stabilization : Infrastructure, Public Deficits and Growth in Latin America

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Customers in the US and Canada please order from Stanford University Press at (800) 621-2736 or visit their website at www.sup.org. Over the 1980s and 1990s, most Latin American countries witnessed a retrenchment of the public sector from infrastructure provision and an opening up of infrastructure...

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Bibliographic Details
Main Author: Serven, Luis
Other Authors: Easterly, William Russell, Staff, World Bank, Stanford University
Format: Book
Language:English
Published: Washington : World Bank Publications, 2003
Edition:1st ed
Series:Latin American Development Forum
Subjects:
Economic stabilization > Latin America
Infrastructure (Economics) > Latin America
Public-private sector cooperation > Latin America
Table of Contents:
  • Cover
  • Title Page
  • Contents
  • Latin American Development Forum Series
  • About the Contributors
  • Acknowledgments
  • 1 Introduction
  • Introduction
  • The Intertemporal Budget Constraint and Fictional Adjustment
  • Fiscal Adjustment and Infrastructure Spending
  • Overview of This Volume
  • Final Remarks
  • Notes
  • References
  • 2 Latin America's Infrastructure in the Era of Macroeconomic Crises
  • Introduction
  • Comparative Trends in Latin American Infrastructure Quantity and Quality
  • Trends in Infrastructure Spending in Latin America
  • Behavior of Public Infrastructure Investment
  • Did Private Investment Replace Public Investment?
  • Infrastructure Spending and the Quantity and Quality of Infrastructure
  • Conclusion
  • Appendix 2A. Infrastructure Database
  • Physical Infrastructure Data
  • Public Utilities
  • Public Works
  • Data on Investment in Infrastructure
  • Definition of Public Sector
  • Definition of Transport Sector
  • National Sources of Information for the data on Infrastructure Investment
  • Argentina, 1970-98
  • Bolivia, 1980-98
  • Brazil, 1970-98
  • Chile, 1980-98
  • Colombia, 1973-98
  • Ecuador, 1981-98
  • Mexico, 1970-98
  • Peru, 1970-98
  • República Bolivariana de Venezuela, 1980-98
  • Appendix 2B. The Liberalization of Infrastructure Industries in Latin America
  • Overview
  • Country Summaries
  • Argentina
  • Bolivia
  • Brazil
  • Chile
  • Colombia
  • Ecuador
  • Mexico
  • Peru
  • República Bolivariana de Venezuela
  • Notes
  • References
  • 3 The Output Cost of Latin America's Infrastructure Gap
  • Introduction
  • Methodological Approach
  • Empirical Implementation
  • Estimation Results
  • The Output Cost
  • Summary
  • Appendix
  • Sample Coverage and Data
  • Notes
  • References
  • 4 Infrastructure Compression and Public Sector Solvency in Latin America
  • Introduction
  • Framework
  • Empirical Implementation
  • The Impact of Infrastructure Spending on Public Sector Net Worth
  • Summary
  • Appendix 4A
  • Testing for Unit Roots in Public Revenues and Public Expenditures
  • Notes
  • References
  • 5 Macroeconomic Effects of Private Sector Participation in Infrastructure
  • Introduction
  • Testing the Macroeconomic Effects of PPI
  • The Variables, the Data, and Their Limitations
  • The Results
  • Effects of Private Participation in Infrastructure on GDP per Capita
  • Effects of Infrastructure PPIs on Private Investment
  • Effects of Infrastructure PPIs on Public Investment
  • Effects of Infrastructure PPIs on Recurrent Public Expenditures
  • Conclusion
  • Notes
  • References
  • 6 Regulation and Private Sector Participation in Infrastructure
  • Introduction
  • Private Investment in Infrastructure in Latin America
  • Analytical Approach
  • Data
  • Estimation
  • Empirical Findings
  • Determinants of Private Sector Investment
  • Characteristics of the Regulatory System
  • Sector-Specific Results
  • Conclusions
  • Appendix 6A
  • Notes
  • References
  • Acronyms and Abbreviations
  • Index
  • Back Cover

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