| Description |
1 online resource (21 pages). |
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data file |
| Series |
IMF Working Papers
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IMF working paper.
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| Contents |
Cover; Contents; Abstract; I. Introduction; II. Empirical Strategy and Data; A. Quality of Infrastructure: Empirical Strategy; B. Quantity of Infrastructure: Empirical Strategy; C. Measuring Sectoral Growth and Dependence on Infrastructure; D. Infrastructure Data; III. Results; A. Baseline; B. Robustness; IV. Firm-level Investment; A. Specification; B. Data; C. Results; D. Robustness; V. Conclusions; Figures; 1. Potential Growth in LAC5; 2. Quality of Infrastructure in LAC5 (2015); 3. Colombia-Dependence on Infrastructure; 4. Impact of Quality of Roads on Growth in LAC. |
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5. Impact of Quantity of Infrastructure on Growth in LAC6. Quality of Infrastructure in LAC According to the LPI; Tables; 1. Summary Statistics; 2. Effect of Quality of Infrastructure on Sectoral Growth; 3. Effect of Quantity of Infrastructure on Sectoral Growth; 4. Robustness-Effect of Quality of Infrastructure on Sectoral Growth; 5. Countries in the Firm-Level Dataset; 6. Investment Regressions-Summary Statistics; 7. Effect of Quality of Infrastructure on Firm-Level Investment; 8. Effect of Quality of Infrastructure on Firm-Level Investment in Emerging Markets. |
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9. Robustness-Effect of Quality of Infrastructure on Firm-Level Investment10. Robustness-Effect of Quality of Infrastructure on Firm-Level Investmen Using the LPI; References. |
| Summary |
This paper examines the effects of improvements in infrastrucutre on sectoral growth and firm-level investment, focusing on six Latin American countries. Exploiting the heterogeneity in the quality of infrastructure across countries and the intrinsic variation in the dependence of sectors on infrastructure, I find that better infrastructure raises growth and investment. Improved infrastructure could yield large economic benefits. For example, if the quality of infrastructure in Colombia increased to the sample median (Czech Republic), GDP growth would increase by about 0.1 percentage points. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Public investments -- Latin America.
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Public investments. |
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Latin America. |
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Fiscal policy -- Latin America.
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Fiscal policy. |
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Monetary policy -- Latin America.
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Monetary policy. |
| Genre/Form |
Electronic books.
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| Other Form: |
Print version: Lanau, Sergi. Growth Return of Infrastructure in Latin America. Washington, D.C. : International Monetary Fund, ©2017 9781475578959 |
| ISBN |
9781475584400 (electronic book) |
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1475584407 (electronic book) |
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1475578954 |
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9781475578959 |
| ISSN |
1018-5941 |
| Standard No. |
10.5089/9781475578959.001 |
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