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...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Development Centre Working Papers
no.301 |
| Schlagworte: | |
| Online-Zugang: | 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 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kg9xf1ncvzw-en |
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| spelling | Carranza, Luis VerfasserIn 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 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Development Centre Working Papers no.301 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 MitwirkendeR ctb Melguizo, Ángel MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kg9xf1ncvzw-en 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_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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