IDEAS home Printed from https://ideas.repec.org/p/npf/wpaper/15-144.html

Financing for Infrastructure Investment in G-20 Countries

Author

Listed:
  • Sengupta, Ramprasad

    (Jawaharlal Nehru University)

  • Mukherjee, Sacchidananda

    (National Institute of Public Finance and Policy)

  • Gupta, Manish

    (National Institute of Public Finance and Policy)

Abstract

This study looks into various sources of financing infrastructure and the demands for infrastructure investments and highlights the mismatch between demand and supply of funds for infrastructure financing in India. In order to address this mismatch, and given the constraints of traditional sources of infrastructure finance in India, this paper suggests credit enhancement scheme (CES) as an alternative framework for mobilizing long-term infrastructure finance. It suggests for scaling up CES as one of the options for leveraging global finance for long-term investment in infrastructure projects. The suggested scheme of credit enhancement could be scaled up at the G-20 level for mobilizing finance from sources which were earlier shying away from investing in infrastructure projects (e.g., pension and insurance fund). This study also suggests a possible structure for operationalizing this scheme at the G-20 level. The proposed scheme is not specific to G-20 countries, but could be used by other countries (including developing countries which have low sovereign ratings) to leverage long term finance for infrastructure sector.

Suggested Citation

  • Sengupta, Ramprasad & Mukherjee, Sacchidananda & Gupta, Manish, 2015. "Financing for Infrastructure Investment in G-20 Countries," Working Papers 15/144, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:15/144
    Note: Working Paper 144, 2015
    as

    Download full text from publisher

    File URL: http://www.nipfp.org.in/media/medialibrary/2015/02/WP_2015_144.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ward Romp & Jakob De Haan, 2007. "Public Capital and Economic Growth: A Critical Survey," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(S1), pages 6-52, April.
    2. World Bank, 2005. "World Development Indicators 2005," World Bank Publications - Books, The World Bank Group, number 12425, April.
    3. repec:wbk:wbpubs:12426 is not listed on IDEAS
    4. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mukul GUPTA & Rahul BUDHADEV & Varun CHOTIA & N V Muralidhar RAO, 2016. "Integrating the issue of infrastructural investment with economic growth: The case of India," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(608), A), pages 141-162, Autumn.
    2. Mukul GUPTA & Rahul BUDHADEV & Varun CHOTIA & N V Muralidhar RAO, 2016. "Integrating the issue of infrastructural investment with economic growth: The case of India," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(608), A), pages 141-162, Autumn.
    3. Mukherjee, Sacchidananda, 2019. "Exploring Low-Carbon Energy Security Path for India: Role of Asia-Pacific Energy Cooperation," Working Papers 19/259, National Institute of Public Finance and Policy.
    4. Purva Singh & Rajat Kathuria, 2016. "Infrastructure and Connectivity in India: Getting the Basics Right," Asian Economic Policy Review, Japan Center for Economic Research, vol. 11(2), pages 266-285, July.
    5. Mukherjee, Sacchidananda & Chakraborty, Debashis, 2016. "Urbanization and Demand for Water and Sanitation Services: An Analysis on Cross-Region Investment Requirements," MPRA Paper 74767, University Library of Munich, Germany.
    6. U.Sankar, 2015. "Public Economics and Sustainable Developments Policy," Working Papers 2015-107, Madras School of Economics,Chennai,India.
    7. Sacchidananda Mukherjee & Shivani Badola, 2021. "Public Financing of Human Development in India: A Review," Indian Journal of Human Development, , vol. 15(1), pages 62-81, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter W. Daniels & Pengfei Ni, 2014. "Urbanisation and changes in the sectoral structure of economic development: the scale of the manufacturing sector in Chinese cities and the shift towards service industry," Working Papers hal-00943972, HAL.
    2. Gunter Stephan & Georg Müller-Fürstenberger, 2015. "Global Warming, Technological Change and Trade in Carbon Energy: Challenge or Threat?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(4), pages 791-809, December.
    3. Kovacs, A. & Ferto, I. & Koczy, L. & Sziklai, B. & Nas, A.A., 2018. "Who has the critical vote? Power ranking of MEPs in the Agricultural Committee of the European Parliament," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277231, International Association of Agricultural Economists.
    4. Jorge Davalos & Jean-Marc Montaud & Nicolas Pecastaing, 2019. "Potential effect of Scaling-up Iinfrastructure in Peru: a general equilibrium model-bases analysis," Working papers of CATT hal-02937833, HAL.
    5. Gunter Stephan & Georg Müller-Fürstenberger, 2014. "Global Warming, Technological Change and Trade in Carbon Energy: Challenge or Threat?," Discussion Papers of DIW Berlin 1397, DIW Berlin, German Institute for Economic Research.
    6. Amponsah, Emefa Akua, 2018. "The Ghana School Feeding Programme, Home Environment and Learning Outcomes," Miscellaneous Publications 358824, University of Ghana, Institute of Statistical Social & Economic Research (ISSER).
    7. Dreher, Axel & Minasyan, Anna & Nunnenkamp, Peter, 2013. "Government ideology in donor and recipient countries: Does political proximity matter for the effectiveness of aid?," Kiel Working Papers 1870, Kiel Institute for the World Economy.
    8. Peter Edward & Andy Sumner, 2013. "Inequality from a global perspective: An alternative approach," Working Papers 302, ECINEQ, Society for the Study of Economic Inequality.
    9. Paul Joseph & Aimua Ehigocho Peace & Oji-Okoro Izuchukwu, 2023. "Parent Socioeconomic Status and Child Malnutrition in Nasarawa State, Nigeria," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 9(2), pages 24-37, June.
    10. Samar El Sayad, 2022. "Delineation of UK Retail Sector: An Actor-Network Perspective," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 11, March.
    11. Dogaru Dorin-Madalin, 2015. "Public Policy, Quality Of Intitution And Economic Growth In Central And Eastern European Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 239-245, April.
    12. Jean-Marc Montaud & Jorge Dávalos & Nicolas Pécastaing, 2020. "Potential effects of scaling-up infrastructure in Peru: a general equilibrium model-based analysis," Applied Economics, Taylor & Francis Journals, vol. 52(27), pages 2895-2912, May.
    13. Muhammad Shafiullah & Ravinthirakumaran Navaratnam, 2016. "Do Bangladesh and Sri Lanka Enjoy Export-Led Growth? A Comparison of Two Small South Asian Economies," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(1), pages 114-132, March.
    14. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    15. Simplice A. Asongu, 2014. "Knowledge Economy and Financial Sector Competition in African Countries," African Development Review, African Development Bank, vol. 26(2), pages 333-346, June.
    16. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2017. "The Causal Factors of International Inequality in $$\hbox {CO}_{2}$$ CO 2 Emissions Per Capita: A Regression-Based Inequality Decomposition Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 683-700, August.
    17. Riccardo Pelizzo & Daulet Turganov & Nygmetzhan Kuzenbayev, 2023. "Modernization, Superstition, And Cultural Change," World Affairs, John Wiley & Sons, vol. 186(4), pages 869-895, December.
    18. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    19. Fernández, Andrés & Martínez, Rodrigo, 2008. "The cost of hunger: Social and economic impact of child undernutrition in Central America and the Dominican Republic," Documentos de Proyectos 39315, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    20. Busse, Matthias & Hefeker, Carsten, 2007. "Political risk, institutions and foreign direct investment," European Journal of Political Economy, Elsevier, vol. 23(2), pages 397-415, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:npf:wpaper:15/144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: S.Siva Chidambaram The email address of this maintainer does not seem to be valid anymore. Please ask S.Siva Chidambaram to update the entry or send us the correct address (email available below). General contact details of provider: http://www.nipfp.org.in .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.