Publication:
Public Infrastructure and Structural Transformation

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dc.contributor.authorPerez Sebastian, Fidel
dc.contributor.authorSteinbuks, Jevgenijs
dc.date.accessioned2017-12-21T20:28:24Z
dc.date.available2017-12-21T20:28:24Z
dc.date.issued2017-12
dc.description.abstractThis study argues that public infrastructure is an important though previously neglected driving mechanism of the structural transformation process. To assess its significance quantitatively, this study first develops a multisector neoclassical growth model with heterogeneous firms, where public infrastructure contributes to firms' production and mitigates the barriers to firms' entry. The model is calibrated using data from Brazil, a country that has significantly expanded its infrastructure in recent decades, yet remains in deep need of further infrastructure improvements. The accumulation of infrastructure accelerates the structural transformation through generating higher returns and lowering entry costs in sectors with greater public capital intensity. In the simulations, public capital formation explains about 15 percent of the process. The paper also shows the effects of different barriers to public capital formation on the structural transformation and GDP per capita.en
dc.identifierhttp://documents.worldbank.org/curated/en/663871513692700637/Public-infrastructure-and-structural-transformation
dc.identifier.doi10.1596/1813-9450-8285
dc.identifier.urihttps://hdl.handle.net/10986/29076
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8285
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINFRASTRUCTURE
dc.subjectFIRM ENTRY
dc.subjectPUBLIC INVESTMENT MANAGEMENT
dc.subjectSTRUCTURAL TRANSFORMATION
dc.titlePublic Infrastructure and Structural Transformationen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titlePublic Infrastructure and Structural Transformation
okr.date.disclosure2017-12-19
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/663871513692700637/Public-infrastructure-and-structural-transformation
okr.guid663871513692700637
okr.identifier.doi10.1596/1813-9450-8285
okr.identifier.externaldocumentum090224b085464ee5_1_0
okr.identifier.internaldocumentum29285377
okr.identifier.reportWPS8285
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/663871513692700637/pdf/WPS8285.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.countryBrazil
okr.statistics.combined2203
okr.statistics.dr663871513692700637
okr.statistics.drstats1575
okr.topicPublic Sector Development::Public Sector Economics
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicInfrastructure Economics and Finance::Infrastructure Finance
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicPrivate Sector Development::Business Environment
okr.unitEnvironment and Energy Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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