Financing infrastructure in developing countries
Copyright policy )Financing infrastructure in developing countries
This article develops a theoretical framework to analyse options for financing infrastructure in developing countries. We build a basic model that gives motivations for using a combination of public finance, private debt, and private equity. The model is then extended in a number of ways to examine factors that are important for developing countries. We focus in particular on key institutional weaknesses that are often important for infrastructure investment. Overall, we show that such weaknesses can be key in determining financing choices, but that they do not all push in the same direction. Financing schemes must therefore be adapted to consider the institutional limitations that are most pertinent in any given context.
Saving and Capital Investment, Economic Development: Financial Markets, JEL: O - Economic Development, 330, National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock, finance, Droit de l'environnement, Development, infrastructure, National Government Expenditures and Related Policies: Infrastructures, JEL: G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G38 - Government Policy and Regulation, Financing Policy, Corporate Finance and Governance: Government Policy and Regulation, Financial Risk and Risk Management, [SHS]Humanities and Social Sciences, JEL: H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H54 - Infrastructures • Other Public Investment and Capital Stock, G32, finance; development; infrastructure, H54, Innovation, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, development, Infrastructure, Economie de l'environnement et des ressources naturelles, G38, Other Public Investment and Capital Stock, JEL: G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Technological Change, O16, and Growth/O.O1 - Economic Development/O.O1.O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance, Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance, Economie, Econométrie et méthodes statistiques :théorie et applications, [SHS] Humanities and Social Sciences, Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure, Capital and Ownership Structure, Corporate Finance and Governance, Finance, jel: jel:G32, jel: jel:H54, jel: jel:G38, jel: jel:O16
Saving and Capital Investment, Economic Development: Financial Markets, JEL: O - Economic Development, 330, National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock, finance, Droit de l'environnement, Development, infrastructure, National Government Expenditures and Related Policies: Infrastructures, JEL: G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G38 - Government Policy and Regulation, Financing Policy, Corporate Finance and Governance: Government Policy and Regulation, Financial Risk and Risk Management, [SHS]Humanities and Social Sciences, JEL: H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H54 - Infrastructures • Other Public Investment and Capital Stock, G32, finance; development; infrastructure, H54, Innovation, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, development, Infrastructure, Economie de l'environnement et des ressources naturelles, G38, Other Public Investment and Capital Stock, JEL: G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Technological Change, O16, and Growth/O.O1 - Economic Development/O.O1.O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance, Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance, Economie, Econométrie et méthodes statistiques :théorie et applications, [SHS] Humanities and Social Sciences, Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure, Capital and Ownership Structure, Corporate Finance and Governance, Finance, jel: jel:G32, jel: jel:H54, jel: jel:G38, jel: jel:O16
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).29 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
Citations provided by BIP!Popularity provided by BIP!