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Pension fund investments in infrastructure and the global financial regulation

Author

Listed:
  • Javier Alonso
  • Alfonso Arellano
  • David Tuesta

Abstract

One common denominator observed in global financial regulation is the tendency to allow pension funds to invest more in infrastructure. Considering this, our study analyses what regulatory changes are currently taking place from a global perspective and what are the relevant factors that impacts on pension fund’s decisions to invest in infrastructure.

Suggested Citation

  • Javier Alonso & Alfonso Arellano & David Tuesta, 2016. "Pension fund investments in infrastructure and the global financial regulation," Working Papers 16/19, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:16/19
    as

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    File URL: https://www.bbvaresearch.com/wp-content/uploads/2016/11/WP_16-19.pdf
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    References listed on IDEAS

    as
    1. Javier Alonso & Jasmina Bjeletic & Carlos Herrera & Soledad Hormazabal & Ivonne Ordonez & Carolina Romero & David Tuesta & Alfonso Ugarte Ruiz, 2010. "Projections of the Impact of Pension Funds on Investment in Infrastructure and Growth in Latin America," Working Papers 1002, BBVA Bank, Economic Research Department.
    2. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    3. Georg Inderst, 2009. "Pension Fund Investment in Infrastructure," OECD Working Papers on Insurance and Private Pensions 32, OECD Publishing.
    4. Ron Bird & Harry Liem & Susan Thorp, 2014. "Infrastructure: Real Assets and Real Returns," European Financial Management, European Financial Management Association, vol. 20(4), pages 802-824, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Owen Nyang'oro & Githinji Njenga, 2022. "Pension funds in sub-Saharan Africa," WIDER Working Paper Series wp-2022-95, World Institute for Development Economic Research (UNU-WIDER).
    2. Inderst, Georg, 2020. "Social Infrastructure Finance and Institutional Investors. A Global Perspective," MPRA Paper 99239, University Library of Munich, Germany.
    3. Inderst, Georg, 2017. "UK Infrastructure Investment and Finance from a European and Global Perspective," MPRA Paper 79621, University Library of Munich, Germany.
    4. World Bank Group, 2017. "Promoting the Use of Capital Markets for Infrastructure Financing," World Bank Publications - Reports 30311, The World Bank Group.
    5. Dick Bryan & David Harvie & Mike Rafferty & Bruno Tinel, 2020. "Ch 13: The Financialized State," Post-Print halshs-02955815, HAL.
    6. Dick Bryan & David Harvie & Mike Rafferty & Bruno Tinel, 2020. "Ch 13: The Financialized State," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02955815, HAL.

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    More about this item

    Keywords

    Financial Inclusion ; Global ; Pension ; Working Paper;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models

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