Easterly, WilliamServén, LuisEasterly, WilliamServén, Luis2013-07-222013-07-2220030-8213-5489-2https://hdl.handle.net/10986/14456This book is organized as follows: Introduction; by William Easterly and Luis Serven Latin America's Infrastructure in The Era of Macroeconomic Crises; by Cesar Calderon, William Easterly, and Luis Serven The Output Cost of Latin America's Infrastructure Gap; by Cesar Calderon and Luis Serven Infrastructure Compression and Public Sector Solvency in Latin America; by Cesar Calderon, William Easterly, and Luis Serven Macroeconomic Effects of Private Sector Participation in Infrastructure; by Javier Campos, Antonio Estache, Noelia Martin, and Lourdes Trujillo. Regulation and Private Sector Participation in Infrastructure; by Sheoli Pargalen-USCC BY 3.0 IGOSTABILIZATIONINFRASTRUCTUREDEFICIT FINANCEECONOMIC GROWTHEXTERNAL DEBT CRISESFREE TRADEPRIVATE SECTORMACROECONOMICRATE OF RETURNBUDGET CONSTRAINTSTAXESTRANSFERS OF FUNDSPUBLIC CONSUMPTIONDEVELOPING COUNTRIESINDUSTRIAL COUNTRIESSTATE ASSETSPUBLIC INVESTMENTECONOMIC SHOCKSANALYTICAL APPROACHFISCAL DEFICITSECONOMIC ANALYSISTELEPHONE LINESPOWERTELECOMMUNICATIONSTRANSPORTWATERSANITATIONSEWERAGEIRRIGATIONROADSPRODUCTION CAPACITYOUTPUTREGULATORY INSTITUTIONS ACCOUNTINGACCOUNTING PRACTICESADJUSTMENT PROGRAMADJUSTMENT PROGRAMSBANK PROFITSBORROWINGBUDGET CONSTRAINTBUDGET DEFICITBUDGET DEFICITSBUDGET PROCESSCENTRAL BANKCOMMERCIAL BANKSDEBTDEBT RELIEFDEFICIT CEILINGDEFICIT REDUCTIONDEFICIT TARGETDEFICITSECONOMIC ANALYSISECONOMIC EFFICIENCYECONOMIC GROWTHEMPIRICAL ANALYSISEQUILIBRIUMEXCESS DEMANDEXCHANGE RATEFINANCIAL INSTITUTIONSFISCAL ADJUSTMENTFISCAL AUSTERITYFISCAL PERFORMANCEFISCAL POLICIESFISCAL POLICYFISCAL RETRENCHMENTFISCAL YEARFOREIGN LOANSGOVERNMENT ASSETSGOVERNMENT DEBTGOVERNMENT INTERVENTIONGOVERNMENT SHOULDERINGGOVERNMENT SPENDINGINFLATIONINTEREST COSTSINTERNATIONAL MONETARY FUNDINVESTMENT SPENDINGLAWSLEGISLATIONLICENSESLIQUIDITYMACROECONOMIC PERFORMANCEMACROECONOMIC STABILITYMACROECONOMIC STABILIZATIONMACROECONOMICSNATIONAL ACCOUNTINGNET WORTHOILPAYMENTS TO GOVERNMENT WORKERSPENSION LIABILITIESPOLITICAL ECONOMYPRESENT VALUEPRIVATE SECTORPRIVATE SECTOR PARTICIPATIONPRIVATIZATIONPROVISION OF INFRASTRUCTUREPUBLIC ASSETSPUBLIC CAPITALPUBLIC CONSUMPTIONPUBLIC DEBTPUBLIC DEFICITSPUBLIC ENTERPRISESPUBLIC EXPENDITURESPUBLIC INFRASTRUCTUREPUBLIC INVESTMENTPUBLIC INVESTMENT IN INFRASTRUCTUREPUBLIC REVENUESPUBLIC SECTORPUBLIC SECTOR ECONOMICSROADSSTATE ASSETSSTATE BANKSSTATE ENTERPRISESSUBSIDIARIESSUBSIDIARYTAXTAX COLLECTIONTAX REVENUESTELECOMMUNICATIONSTRANSPORTUSER CHARGESUTILITIESWATER SUPPLYWorld Bank10.1596/978-0-8213-5489-6