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Current debates on infrastructure policy

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  • Estache, Antonio
  • Fay, Marianne

Abstract

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).

Suggested Citation

  • Estache, Antonio & Fay, Marianne, 2007. "Current debates on infrastructure policy," Policy Research Working Paper Series 4410, The World Bank.
  • Handle: RePEc:wbk:wbrwps:4410
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    References listed on IDEAS

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    Cited by:

    1. Tanguy Bernard & Maximo Torero, 2015. "Social Interaction Effects and Connection to Electricity: Experimental Evidence from Rural Ethiopia," Economic Development and Cultural Change, University of Chicago Press, vol. 63(3), pages 459-484.
    2. Strand, Jon, 2012. "Low-level versus high-level equilibrium in public utility services," Journal of Public Economics, Elsevier, vol. 96(1), pages 163-172.
    3. Lorena Viñuela, 2014. "Trends and Quality of Decentralized Public Investment," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1407, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    4. Somik V. Lall & Elizabeth Schroeder & Emily Schmidt, 2014. "Identifying Spatial Efficiency-Equity Trade-offs in Territorial Development Policies: Evidence from Uganda," Journal of Development Studies, Taylor & Francis Journals, vol. 50(12), pages 1717-1733, December.
    5. Paul Conway & Sean Dougherty & Artur Radziwill, 2010. "Long-term growth and policy challenges in the large emerging economies," OECD Economics Department Working Papers 755, OECD Publishing.
    6. Rabah Arezki & Patrick Bolton & Sanjay Peters & Frederic Samama & Joseph Stiglitz, 2016. "From Global Savings Glut to Financing Infrastructure; The Advent of Investment Platforms," IMF Working Papers 16/18, International Monetary Fund.
    7. Straub, Stephane, 2008. "Infrastructure and growth in developing countries : recent advances and research challenges," Policy Research Working Paper Series 4460, The World Bank.
    8. Brian Piper, 2014. "Factor-Specific Productivity," Working Papers 1401, Sam Houston State University, Department of Economics and International Business.
    9. Sawada, Yasuyuki, 2015. "The Impacts of Infrastructure in Development: A Selective Survey," ADBI Working Papers 511, Asian Development Bank Institute.
    10. Bernard, Tanguy & Torero, Maximo, 2011. "Randomizing the "Last Mile": A methodological note on using a voucher-based approach to assess the impact of infrastructure projects," IFPRI discussion papers 1078, International Food Policy Research Institute (IFPRI).
    11. Barbara Kotschwar, 2012. "Transportation and Communication Infrastructure in Latin America: Lessons from Asia," Working Paper Series WP12-6, Peterson Institute for International Economics.
    12. Eric Manes, 2009. "Pakistan's Investment Climate : Laying the Foundation for Growth, Volume 2. Annexes," World Bank Other Operational Studies 12411, The World Bank.
    13. Fuss, Sabine & Chen, Claudine & Jakob, Michael & Marxen, Annika & Rao, Narasimha D. & Edenhofer, Ottmar, 2016. "Could resource rents finance universal access to infrastructure? A first exploration of needs and rents," Environment and Development Economics, Cambridge University Press, vol. 21(06), pages 691-712, December.
    14. Diaw, Abdou & Bacha, Obiyathulla Ismath & Lahsasna, Ahcene, 2014. "Public Sector Funding and Debt Management: A Case for GDP-Linked Ṣukūk," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 22, pages 185-216.
    15. Guccio, Calogero & Pignataro, Giacomo & Rizzo, Ilde, 2014. "Do local governments do it better? Analysis of time performance in the execution of public works," European Journal of Political Economy, Elsevier, vol. 34(C), pages 237-252.
    16. Tan, Jeff, 2012. "The Pitfalls of Water Privatization: Failure and Reform in Malaysia," World Development, Elsevier, vol. 40(12), pages 2552-2563.
    17. Fujita, Yasuo, 2012. "Policy Challenges for Infrastructure Development in Asian LICs: Lessons from the Region," Working Papers 40, JICA Research Institute.
    18. Jonas Frank & Jorge Martinez-Vazquez, 2014. "Decentralization And Infrastructure: From Gaps To Solutions," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1405, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    19. Lin, Justin Yifu & Doemeland, Doerte, 2012. "Beyond Keynesianism : global infrastructure investments in times of crisis," Policy Research Working Paper Series 5940, The World Bank.
    20. Shi, Hao & Huang, Shaoqing, 2014. "How Much Infrastructure Is Too Much? A New Approach and Evidence from China," World Development, Elsevier, vol. 56(C), pages 272-286.
    21. Hugh GOLDSMITH & Dan CARTER, 2015. "Financing the Evolution of London’s Water Services: 1582 to 1904," Departmental Working Papers 2015-02, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    22. Guccio, Calogero & Pignataro, Giacomo & Rizzo, Ilde, 2009. "The performance of local government in the execution of public works," MPRA Paper 16094, University Library of Munich, Germany.

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    Keywords

    Transport Economics Policy&Planning; Public Sector Economics&Finance; Debt Markets; Non Bank Financial Institutions; Infrastructure Economics;

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