The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead

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collection.link.59
https://openknowledge.worldbank.org/handle/10986/2167
collection.name.59
Latin American Development Forum
dc.contributor.author
Andrés, Luis A.
dc.contributor.author
Guasch, J. Luis
dc.contributor.author
Haven, Thomas
dc.contributor.author
Foster, Vivien
dc.date.accessioned
2012-05-29T15:51:54Z
dc.date.available
2012-05-29T15:51:54Z
dc.date.issued
2008
dc.date.lastModified
2017-12-13T13:20:33Z
dc.description.abstract
As numerous countries in Latin America and the Caribbean and elsewhere are moving toward a second phase of private participation in infrastructure programs mostly through public-private partnership schemes and other countries are just beginning the process, several concerns remain from the outcomes of the first phase. These concerns are making governments cautious in moving forward. The Impact of private sector participation in infrastructure addresses these concerns and brings clarity to the debate on the impact of private participation in infrastructure. The assessment of this impact may be one of the most emotional policy issues in economics, as it is clouded in a mist of myths, perceptions, and reality. This book analyzes the impact and sorts out the truth from the myths. The authors take a systematic and hard look at the facts (i.e., data) in Latin America, where starting in the late 1980s, many governments brought private sector participation into the delivery of essential utilities services. Although there are many assessments of this experience, none was able to rely on systemic, cross-country, and time-series data, and practically all of them did not save rare exceptions account for what would have happened in the absence of interventions (the counterfactual). This book does just that. It brings together an all encompassing database from the 1980s to the first decade of this century and develops an effective and robust methodology, accounting for the counterfactual, which tests and estimates the impact of reform on an exceptionally wide set of outcome indicators. As a result, this book presents the most in-depth study to date of the private sector participation experience in Latin America, and it substantially advances the existing literature by offering robust econometric analysis.
en
dc.identifier
http://documents.worldbank.org/curated/en/2008/07/9880227/impact-private-sector-participation-infrastructure-lights-shadows-road-ahead
dc.identifier.isbn
978-0-8213-7409-2
dc.identifier.uri
http://hdl.handle.net/10986/6545
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC : World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO ELECTRICITY
dc.subject
ACCOUNTING
dc.subject
AIRPORTS
dc.subject
APPROACH
dc.subject
ASSET OWNERSHIP
dc.subject
BASIC SERVICES
dc.subject
BIDDING FOR CONCESSIONS
dc.subject
BOT
dc.subject
BUILD-OWN
dc.subject
CALL PRICES
dc.subject
CAP REGULATION
dc.subject
CAPITAL EXPENDITURES
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL MARKETS
dc.subject
COMPANY
dc.subject
CONCESSION
dc.subject
CONCESSION CONTRACT
dc.subject
CONCESSION CONTRACTS
dc.subject
CONCESSION PERIOD
dc.subject
CONSUMER WELFARE
dc.subject
CORPORATE GOVERNANCE
dc.subject
CORPORATIZATION
dc.subject
COST OF CAPITAL
dc.subject
COST RECOVERY
dc.subject
COST SAVINGS
dc.subject
CUBIC METERS
dc.subject
CURRENCY DEVALUATIONS
dc.subject
DEBT
dc.subject
DEFICITS
dc.subject
DEMAND FOR POWER
dc.subject
DEMAND FORECAST
dc.subject
DISTRIBUTION COMPANIES
dc.subject
DISTRIBUTION INVESTMENTS
dc.subject
DISTRIBUTION LOSSES
dc.subject
DISTRIBUTION NETWORK
dc.subject
DIVESTITURE
dc.subject
ECONOMIC ANALYSIS
dc.subject
ECONOMIC GROWTH
dc.subject
ELECTRICITY
dc.subject
ELECTRICITY DISTRIBUTION
dc.subject
ELECTRICITY GENERATION
dc.subject
ELECTRICITY MARKET
dc.subject
ELECTRICITY SECTOR
dc.subject
ELECTRICITY TARIFFS
dc.subject
EMPLOYMENT
dc.subject
EXPANSION
dc.subject
FINANCIAL CLOSURE
dc.subject
FINANCIAL PERFORMANCE
dc.subject
FIRMS
dc.subject
FOREIGN COMPANIES
dc.subject
FOREIGN INVESTMENTS
dc.subject
FOREIGN INVESTORS
dc.subject
GOVERNMENT ASSETS
dc.subject
GOVERNMENT PARTICIPATION
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH RATES
dc.subject
INCENTIVES FOR CONCESSIONAIRES
dc.subject
INDUSTRIAL TARIFFS
dc.subject
INFRASTRUCTURE ASSETS
dc.subject
INFRASTRUCTURE DEVELOPMENT
dc.subject
INFRASTRUCTURE FINANCING
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INFRASTRUCTURE INVESTMENTS
dc.subject
INFRASTRUCTURE PRIVATIZATION
dc.subject
INFRASTRUCTURE REFORM
dc.subject
INFRASTRUCTURE REGULATION
dc.subject
INFRASTRUCTURES
dc.subject
INITIAL PRICE
dc.subject
INSURANCE
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL ENERGY
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT IN INFRASTRUCTURE
dc.subject
INVESTMENT IN INFRASTRUCTURE PROJECTS
dc.subject
INVESTMENT INCENTIVES
dc.subject
INVESTMENT OBLIGATIONS
dc.subject
INVESTMENT VALUE
dc.subject
INVESTOR PROTECTION
dc.subject
JOB CREATION
dc.subject
LEASE CONTRACT
dc.subject
LEASE CONTRACTS
dc.subject
LEASING
dc.subject
LEVEL OF DEMAND
dc.subject
LICENSES
dc.subject
LOCAL INVESTORS
dc.subject
LOCAL TRANSPORT
dc.subject
LOGISTICS COSTS
dc.subject
LONG DISTANCE
dc.subject
MAINTENANCE EXPENDITURES
dc.subject
MANAGEMENT CONTRACTS
dc.subject
MINIMUM REVENUE GUARANTEE
dc.subject
NATURAL GAS
dc.subject
OUTSOURCING
dc.subject
PERFORMANCE INDICATORS
dc.subject
PORTS
dc.subject
POWER
dc.subject
POWER DISTRIBUTION
dc.subject
POWER PRODUCER
dc.subject
POWER PURCHASE
dc.subject
POWER PURCHASE AGREEMENTS
dc.subject
POWER SECTOR
dc.subject
POWER SECTOR REFORM
dc.subject
PRICE ADJUSTMENTS
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE COMPANIES
dc.subject
PRIVATE COMPANY
dc.subject
PRIVATE FINANCE
dc.subject
PRIVATE FINANCING
dc.subject
PRIVATE INFRASTRUCTURE
dc.subject
PRIVATE INFRASTRUCTURE INVESTMENT
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE INVESTMENT IN INFRASTRUCTURE
dc.subject
PRIVATE INVESTORS
dc.subject
PRIVATE PARTNERSHIP
dc.subject
PRIVATE ROADS
dc.subject
PRIVATE SECTOR
dc.subject
PRIVATE SECTOR COOPERATION
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
PRIVATE SECTOR INVESTMENTS
dc.subject
PRIVATE SECTOR PARTICIPATION
dc.subject
PRIVATE SECTOR PERSPECTIVE
dc.subject
PRIVATE SECTOR PROJECTS
dc.subject
PRIVATIZATION OF INFRASTRUCTURE
dc.subject
PRIVATIZATION PROCESS
dc.subject
PRIVATIZATION PROGRAM
dc.subject
PROVISION OF INFRASTRUCTURE
dc.subject
PROVISION OF INFRASTRUCTURE SERVICES
dc.subject
PROVISIONS
dc.subject
PSP
dc.subject
PUBLIC
dc.subject
PUBLIC ASSETS
dc.subject
PUBLIC FINANCE
dc.subject
PUBLIC FUNDING
dc.subject
PUBLIC INFRASTRUCTURE
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC INVESTMENT IN INFRASTRUCTURE
dc.subject
PUBLIC INVESTMENTS
dc.subject
PUBLIC PERCEPTIONS
dc.subject
PUBLIC SECTOR
dc.subject
PUBLIC SECTOR ENTITIES
dc.subject
PUBLIC SERVICES
dc.subject
PUBLIC SPENDING
dc.subject
PUBLIC UTILITIES
dc.subject
PUBLIC UTILITY
dc.subject
PUBLIC WORKS
dc.subject
PUBLIC­PRIVATE INFRASTRUCTURE
dc.subject
PURE ELECTRICITY
dc.subject
QUALITY OF SERVICE
dc.subject
RAILROADS
dc.subject
RAILWAYS
dc.subject
RAW MATERIAL
dc.subject
RAW MATERIALS
dc.subject
REGULATORY FRAMEWORK
dc.subject
RENEGOTIATION PROCESS
dc.subject
RETAIL COMPETITION
dc.subject
RETURN REGULATION
dc.subject
REVENUE GUARANTEES
dc.subject
RISK MANAGEMENT
dc.subject
ROAD
dc.subject
ROAD PROJECTS
dc.subject
ROADS
dc.subject
RURAL ROADS
dc.subject
SANITATION
dc.subject
SANITATION SECTOR
dc.subject
SERVICE EXPANSION
dc.subject
SERVICE PROVIDERS
dc.subject
SERVICE PROVISION
dc.subject
SERVICE QUALITY
dc.subject
SUNK COSTS
dc.subject
TARIFF INCREASES
dc.subject
TARIFF REGULATION
dc.subject
TARIFF REVIEWS
dc.subject
TELECOMMUNICATIONS
dc.subject
TELEPHONE COMPANY
dc.subject
TOLL
dc.subject
TOLL REVENUES
dc.subject
TOLL ROAD
dc.subject
TOLL ROAD CONCESSIONS
dc.subject
TOLL ROAD PROJECTS
dc.subject
TOLL ROADS
dc.subject
TRAFFIC
dc.subject
TRAFFIC FLOWS
dc.subject
TRAFFIC LEVELS
dc.subject
TRANSACTION COSTS
dc.subject
TRANSFER OF OWNERSHIP
dc.subject
TRANSFER OWNERSHIP
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT
dc.subject
TRANSPORT DATA
dc.subject
TRANSPORT SECTOR
dc.subject
TRANSPORT SERVICES
dc.subject
TRUE
dc.subject
UTILITY COMPANIES
dc.subject
VEHICLES
dc.subject
WATER CONCESSIONS
dc.subject
WATER DISTRIBUTION
dc.subject
WATER PRICES
dc.subject
WATER SECTOR
dc.subject
WATER SERVICES
dc.subject
WATER TARIFFS
dc.subject
WATER UTILITIES
dc.subject
WHOLESALE ELECTRICITY
dc.subject
WHOLESALE ELECTRICITY MARKETS
dc.title
The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead
en
dc.title.alternative
El impacto de la participacion del sector privado en infraestructura : luces y sombras en el camino hacia adelante
en
okr.date.disclosure
2010-05-19
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/2008/07/9880227/impact-private-sector-participation-infrastructure-lights-shadows-road-ahead
okr.globalpractice
Transport and ICT
okr.globalpractice
Governance
okr.globalpractice
Energy and Extractives
okr.googlescholar.linkpresent
true
okr.identifier.doi
10.1596/978-0-8213-7409-2
okr.identifier.externaldocumentum
000333037_20080925011237
okr.identifier.internaldocumentum
9880227
okr.identifier.report
45625
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/09/25/000333037_20080925011237/Rendered/PDF/456250PUB0Box3101OFFICIAL0USE0ONLY1.pdf
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Latin America & Caribbean
okr.relation.associatedurl
http://dx.doi.org/10.1596/978-0-8213-7409-2
okr.relation.googlescholar
http://scholar.google.com/scholar?q=doi%3A10.1596%2F978-0-8213-7409-2
okr.topic
Infrastructure Economics and Finance :: Private Participation in Infrastructure
okr.topic
Public Sector Economics
okr.topic
Infrastructure Economics and Finance :: Infrastructure Economics
okr.topic
Transport Economics Policy and Planning
okr.topic
Energy :: Energy Production and Transportation
okr.topic
Public Sector Development
okr.topic
Transport
okr.unit
Sustainable Development Dept (LCSSD)
okr.volume
1 of 1

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