Infrastructure in Latin America

By C. Calderón, L. Serven. 2010

142 citations recorded by the source corpus.

An adequate supply of infrastructure services has long been viewed by both academics and policy makers as a key ingredient for economic development. Over the past quarter-century, the retrenchment of Latin America's public sector from its dominant position in the provision of infrastructure, and the opening up of these industries to private participation, have renewed the debate on the role of infrastructure in the region's development. The focus of this paper is three-fold. First, it documents, in a comparative cross-regional perspective, the trends in Latin America's infrastructure development, as reflected in the quantity and quality of infrastructure services and the universality of their access. Overall, this suggests the emergence of an infrastructure gap vis-a-vis other industrial and developing regions. Second, it provides an empirical assessment of the contribution of infrastructure development to growth across Latin America. Third, it examines the trends in the financing of infrastructure investment -- documenting the changing roles of the public and private sectors -- and analyzes how they have been shaped by macroeconomic policy constraints.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/93d69ae4734e64653152f9667243cc735fb5941c

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Citations in the corpus

Infrastructure Public–Private Partnerships in the Developing World: Lessons from Recent Experience (2015, background): “A study of 100 countries between 1960 and 1995 revealed that growth in infrastructure stock and improved service quality was associated with a 3 per cent reduction in the standard measure of income inequality (Calderón & Servén, 2010).”
Public Investment, Growth, and Debt Sustainability: Putting Together the Pieces (2012, background): “Hulten et al. (2006), Escribano et al. (2008), Calderón et al. (2009), and Calderón and Servén (2010) supply additional evidence of high returns.32 All of this adds up to a presumption that high returns are the norm.”
INVESTING IN THE SDGs: AN ACTION PLAN (2014, background): “Recent trends in developing countries have, in fact, been towards greater private sector participation in power, telecommunications and transport (Indonesia, Ministry of National Development Planning 2011; Calderon and Serven 2010; OECD 2012; India, Planning Commission 2011).”