Financing the Future: Infrastructure Needs in Latin America, 2000–05
1999; Linguagem: Inglês
10.1596/1813-9450-2545
ISSN1813-9450
Autores Tópico(s)Urban and Rural Development Challenges
ResumoNo AccessPolicy Research Working Papers25 Jun 2013Financing the Future: Infrastructure Needs in Latin America, 2000–05Authors/Editors: Marianne FayMarianne Fayhttps://doi.org/10.1596/1813-9450-2545SectionsAboutPDF (0.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:February 2001 A model developed to predict demand for infrastructure in Latin America performs reasonably well for power and telecommunications—and less well for water and sanitation (for which data are scarce) and transport infrastructure (which is less closely related to per capita income). The model projects a doubling of telephone mainlines per capita, a steady increase in power infrastructure, steady growth in road infrastructure, and small increases in water and sanitation coverage. To assess five-year demand for infrastructure investment in Latin America and the Caribbean, and the private sector's role in meeting this demand, Fay developed a model to predict future demand for infrastructure—defined as what consumers and producers would ask for, given their income and level of economic activity. Overall projections over the next five years: • A doubling of telephone mainlines per capita. • A steady increase in electricity generating capacity. • Small increases in water and sanitation coverage. • Steady expansion of road infrastructure, with rail transport becoming less important. Investments of $57 billion annually for 2000–05 (roughly 2.6 percent of Latin America's GDP) are expected to be absorbed largely by electricity ($22 billion), roads ($18 billion), and telecommunications ($6 billion). A surge in private financing of infrastructure in recent years (roughly $35 billion in 1998, excluding divestiture payments) has disproportionately favored telecommunications ($14 billion) and transport ($12 billion). Private investment exceeds predicted need for telecommunications (although the model did not include costs associated with the emergence of cellular phones), covers about half the demand for roads, and meets just a fraction of needs in power and water and sanitation—where there will be a shortfall in investments. Projections are likely to be on the low side because they cover the extension of networks rather than upgrading and cover new investments, not rehabilitation or maintenance. This paper—a product of the Finance, Private Sector, and Infrastructure Sector Unit, Latin America and the Caribbean Region—is part of a larger effort in the region to develop its knowledge of future client needs. The author may be contacted at [email protected] Previous bookNext book FiguresreferencesRecommendeddetailsCited byThe relationship between public capital stock, private capital stock and economic growth in the Latin American and Caribbean countriesInternational Review of Economics, Vol.67, No.36 December 2019Estimating Infrastructure Financing Needs in the Asia-Pacific Least Developed Countries, Landlocked Developing Countries, and Small Island Developing StatesEconomies, Vol.6, No.31 August 2018(An Analysis of Urbanization in Africa and Its Implication for Korea's Cooperation in Infrastructure Development)SSRN Electronic JournalCould Resource Rents Finance Universal Access to Infrastructure? A First Exploration of Needs and RentsSSRN Electronic JournalCounty-level determinants of local public services in Appalachia: a multivariate spatial autoregressive model approachThe Annals of Regional Science, Vol.49, No.119 January 2011Competitiveness in Central America: The Road to Sustained Growth and Poverty ReductionSSRN Electronic JournalEmployment, income, migration and public services: A simultaneous spatial panel data model of regional growth*Papers in Regional Science, Vol.5624 August 2011Regulation of State Owned Enterprises - Transnet Freight Rail Case StudySSRN Electronic Journal View Published: November 1999 Copyright & Permissions Related RegionsLatin America & CaribbeanRelated CountriesBrazilGuatemalaPanamaRelated TopicsTransport KeywordsAIRPORTSBOTTLENECKSCOSTSELASTICITIESELASTICITYELASTICITY OF DEMANDINFRASTRUCTUREINFRASTRUCTURE INVESTMENTINVESTMENTSPOPULATION DENSITYRAILRAILROADSROADROAD INFRASTRUCTUREROADSROUTESSANITATIONTRANSPORTTRANSPORT INFRASTRUCTURETRANSPORTATION PDF downloadLoading ...
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