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Determinants of Infrastructure and Its Financing

Author

Listed:
  • Valerie Cerra
  • Alfredo Cuevas
  • Carlos Goes
  • Izabela Karpowicz
  • Troy Matheson
  • Issouf Samake
  • Svetlana Vtyurina

Abstract

Adequate infrastructure is a critical input for growth and development in all countries, and especially in emerging and developing countries. This article 1 1 The views expressed in this article are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. examines the factors that have underpinned the stock of infrastructure across countries, including in Latin America and the Caribbean. We find that public finance and private sector participation both contribute to improving the stock of infrastructure. The impact of public finance depends on how capital investment is financed to meet the government’s budget constraint. Total domestic finance of infrastructure depends, in turn, on domestic financial depth and links to the rest of the world through trade and foreign investment.

Suggested Citation

  • Valerie Cerra & Alfredo Cuevas & Carlos Goes & Izabela Karpowicz & Troy Matheson & Issouf Samake & Svetlana Vtyurina, 2017. "Determinants of Infrastructure and Its Financing," Emerging Economy Studies, International Management Institute, vol. 3(2), pages 113-126, November.
    • Handle: RePEc:sae:emecst:v:3:y:2017:i:2:p:113-126
    DOI: 10.1177/2394901517730739
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    References listed on IDEAS

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    2. Ms. Kimberly Beaton & Ms. Valerie Cerra & Metodij Hadzi-Vaskov, 2021. "Trade, Jobs, and Inequality," IMF Working Papers 2021/178, International Monetary Fund.
    3. Tii N. Nchofoung & Simplice A. Asongu & Vanessa S. Tchamyou, 2022. "Effect of women’s political inclusion on the level of infrastructures in Africa," Working Papers of the African Governance and Development Institute. 22/021, African Governance and Development Institute..
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    5. Meytang Cédric & Ongo Nkoa Bruno Emmanuel, 2024. "Infrastructure development in sub-Saharan African countries: does insurance matter?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(4), pages 747-778, October.

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