Straub, Stéphane2012-05-252012-05-252008-01https://hdl.handle.net/10986/6458This paper presents a survey of recent research on the economics of infrastructure in developing countries. Energy, transport, telecommunications, water and sanitation are considered. The survey covers two main set of issues: the linkages between infrastructure and economic growth (at the economy-wide, regional and sectoral level) and the composition, sequencing and efficiency of alternative infrastructure investments, including the arbitrage between new investments and maintenance expenditures; OPEX and CAPEX, and public versus private investment. Following the introduction, section 2 discusses the theoretical foundations (growth theory and new economic geography). Section 3 assesses the analysis of 140 specifications from 64 recent empirical papers-examining type of data used, level of aggregation, econometric techniques and nature of the sample-and discusses both the macro-econometric and micro-econometric contributions of these papers. Finally section 4 discusses directions for future research and suggests priorities in data development.CC BY 3.0 IGOACCESSIBILITYADMINISTRATIVE CAPACITYAGGLOMERATIONAGGLOMERATION EFFECTSAGRICULTUREAIRPORTSALLOCATIONARBITRAGEASSET PRICESCAPITAL ACCUMULATIONCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL INVESTMENTCAPITAL STOCKCOMPARATIVE ADVANTAGESCONGESTIONCONGESTION COSTSCONSTANT RETURNS TO SCALECONSUMERSCONVICTIONCOST-BENEFIT ANALYSISDEGREE OF AGGLOMERATIONDEREGULATIONDEVELOPMENT ECONOMICSDEVELOPMENT POLICIESDIMINISHING RETURNSDISTRIBUTIONAL CONSEQUENCESECONOMIC ACTIVITYECONOMIC GEOGRAPHYECONOMIC GROWTHECONOMIC OUTCOMESECONOMIC PERFORMANCEECONOMIC THEORYECONOMICS OF INFRASTRUCTUREECONOMIES OF SCALEEFFICIENCY OF INFRASTRUCTUREELASTICITYELECTRICITY GENERATORSEQUILIBRIUMEXPORTSEXTERNALITIESFACTORS OF PRODUCTIONFINANCIAL MARKETSFIXED COSTSFORMS OF REGULATIONFREIGHTFUELFUEL PRICEFUTURE RESEARCHGDPGENERATIONGINI COEFFICIENTGOOD TRANSPORTGROWTH MODELGROWTH MODELSGROWTH RATEGROWTH THEORYHIGH TRANSPORTHUMAN CAPITALIMPERFECT COMPETITIONINCOMEINCOME DISTRIBUTIONINCOME LEVELSINCREASING RETURNSINCREASING RETURNS TO SCALEINDUSTRIALIZATIONINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE POLICIESINFRASTRUCTURE POLICYINFRASTRUCTURE SERVICESINFRASTRUCTURE SPENDINGINFRASTRUCTURESINVENTORYINVESTMENT CLIMATEINVESTMENT IN ROADSLAND TRANSPORTLAND USELATIN AMERICANLOCAL ROADSLOCAL TRANSPORTMAINTENANCE EXPENDITURESMARKET ACCESSMOBILITYMOTORWAY NETWORKNETWORK EXTERNALITIESNETWORK UPGRADINGPOLITICAL ECONOMYPOLLUTIONPOPULATION GROWTHPOSITIVE EFFECTSPRIVATE CAPITALPRIVATE OPERATORSPRIVATE SECTORPRIVATIZATIONPRODUCTION FUNCTIONPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC GOODPUBLIC INVESTMENTQUALITY OF TRANSPORTRAILROADRAILROADSRAILWAYSREGIONAL INFRASTRUCTUREREGIONAL TRANSPORTREGULATORY FRAMEWORKRENTSRETURNS TO SCALEROADROAD INFRASTRUCTUREROAD NETWORKROAD QUALITYROAD SECTORROAD TRANSPORTROADSROUTESRURAL ROADSSANITATIONSAVINGSSPECIALIZATIONSTOCKSTAXTAXATIONTELECOMMUNICATIONSTRADE-OFFTRAFFICTRANSITTRANSPORTTRANSPORT COSTSTRANSPORT DATATRANSPORT INDUSTRYTRANSPORT INFRASTRUCTURETRANSPORT TECHNOLOGYTRANSPORTATIONTRANSPORTATION COSTSTRANSPORTATION INFRASTRUCTURETRANSPORTATION SERVICESTRAVEL TIMETRUCKSTRUEURBAN ECONOMICSWAGESWATER INFRASTRUCTUREWorld Bank10.1596/1813-9450-4460