Public Infrastructure Investment and Fiscal Sustainability in Latin America: Incompatible Goals?
Latin American countries exhibit a significant gap in infrastructure stocks, due to low and in many cases inefficient public investment, which is furthermore not compensated by private sector projects. In this paper we analyse trends in public and total infrastructure investment in six large Latin A...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Development Centre Working Papers
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| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | Latin American countries exhibit a significant gap in infrastructure stocks, due to low and in many cases inefficient public investment, which is furthermore not compensated by private sector projects. In this paper we analyse trends in public and total infrastructure investment in six large Latin American economies, in the light of fiscal developments since the early eighties. We argue that post-crisis fiscal frameworks, notably fiscal rules which are increasingly popular in the region, should not only consolidate the recent progress towards debt sustainability, but also create the fiscal space to close these infrastructure gaps. These points are illustrated in a detailed account of recent developments in the fiscal framework and public investment in the Peruvian case |
| Beschreibung: | 1 Online-Ressource (41 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5kg9xf1ncvzw-en |
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| spelling | Carranza, Luis Verfasser aut Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? Luis Carranza, Christian Daude and Ángel Melguizo Paris OECD Publishing 2011 1 Online-Ressource (41 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Development Centre Working Papers Latin American countries exhibit a significant gap in infrastructure stocks, due to low and in many cases inefficient public investment, which is furthermore not compensated by private sector projects. In this paper we analyse trends in public and total infrastructure investment in six large Latin American economies, in the light of fiscal developments since the early eighties. We argue that post-crisis fiscal frameworks, notably fiscal rules which are increasingly popular in the region, should not only consolidate the recent progress towards debt sustainability, but also create the fiscal space to close these infrastructure gaps. These points are illustrated in a detailed account of recent developments in the fiscal framework and public investment in the Peruvian case Development Daude, Christian ctb Melguizo, Ángel ctb https://doi.org/10.1787/5kg9xf1ncvzw-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Carranza, Luis Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? Development |
| title | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? |
| title_auth | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? |
| title_exact_search | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? |
| title_exact_search_txtP | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? |
| title_full | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? Luis Carranza, Christian Daude and Ángel Melguizo |
| title_fullStr | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? Luis Carranza, Christian Daude and Ángel Melguizo |
| title_full_unstemmed | Public Infrastructure Investment and Fiscal Sustainability in Latin America Incompatible Goals? Luis Carranza, Christian Daude and Ángel Melguizo |
| title_short | Public Infrastructure Investment and Fiscal Sustainability in Latin America |
| title_sort | public infrastructure investment and fiscal sustainability in latin america incompatible goals |
| title_sub | Incompatible Goals? |
| topic | Development |
| topic_facet | Development |
| url | https://doi.org/10.1787/5kg9xf1ncvzw-en |
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