Haven, ThomasAndrés, Luis A.Guasch, J. LuisFoster, Vivien2012-05-292012-05-292008978-0-8213-7409-2https://hdl.handle.net/10986/6545As 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-USCC BY 3.0 IGOACCESS TO ELECTRICITYACCOUNTINGAIRPORTSAPPROACHASSET OWNERSHIPBASIC SERVICESBIDDING FOR CONCESSIONSBOTBUILD-OWNCALL PRICESCAP REGULATIONCAPITAL EXPENDITURESCAPITAL FLOWSCAPITAL MARKETSCOMPANYCONCESSIONCONCESSION CONTRACTCONCESSION CONTRACTSCONCESSION PERIODCONSUMER WELFARECORPORATE GOVERNANCECORPORATIZATIONCOST OF CAPITALCOST RECOVERYCOST SAVINGSCUBIC METERSCURRENCY DEVALUATIONSDEBTDEFICITSDEMAND FOR POWERDEMAND FORECASTDISTRIBUTION COMPANIESDISTRIBUTION INVESTMENTSDISTRIBUTION LOSSESDISTRIBUTION NETWORKDIVESTITUREECONOMIC ANALYSISECONOMIC GROWTHELECTRICITYELECTRICITY DISTRIBUTIONELECTRICITY GENERATIONELECTRICITY MARKETELECTRICITY SECTORELECTRICITY TARIFFSEMPLOYMENTEXPANSIONFINANCIAL CLOSUREFINANCIAL PERFORMANCEFIRMSFOREIGN COMPANIESFOREIGN INVESTMENTSFOREIGN INVESTORSGOVERNMENT ASSETSGOVERNMENT PARTICIPATIONGROSS DOMESTIC PRODUCTGROWTH RATESINCENTIVES FOR CONCESSIONAIRESINDUSTRIAL TARIFFSINFRASTRUCTURE ASSETSINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE FINANCINGINFRASTRUCTURE INVESTMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PRIVATIZATIONINFRASTRUCTURE REFORMINFRASTRUCTURE REGULATIONINFRASTRUCTURESINITIAL PRICEINSURANCEINTEREST RATESINTERNATIONAL ENERGYINVESTMENT CLIMATEINVESTMENT IN INFRASTRUCTUREINVESTMENT IN INFRASTRUCTURE PROJECTSINVESTMENT INCENTIVESINVESTMENT OBLIGATIONSINVESTMENT VALUEINVESTOR PROTECTIONJOB CREATIONLEASE CONTRACTLEASE CONTRACTSLEASINGLEVEL OF DEMANDLICENSESLOCAL INVESTORSLOCAL TRANSPORTLOGISTICS COSTSLONG DISTANCEMAINTENANCE EXPENDITURESMANAGEMENT CONTRACTSMINIMUM REVENUE GUARANTEENATURAL GASOUTSOURCINGPERFORMANCE INDICATORSPORTSPOWERPOWER DISTRIBUTIONPOWER PRODUCERPOWER PURCHASEPOWER PURCHASE AGREEMENTSPOWER SECTORPOWER SECTOR REFORMPRICE ADJUSTMENTSPRIVATE CAPITALPRIVATE COMPANIESPRIVATE COMPANYPRIVATE FINANCEPRIVATE FINANCINGPRIVATE INFRASTRUCTUREPRIVATE INFRASTRUCTURE INVESTMENTPRIVATE INVESTMENTPRIVATE INVESTMENT IN INFRASTRUCTUREPRIVATE INVESTORSPRIVATE PARTNERSHIPPRIVATE ROADSPRIVATE SECTORPRIVATE SECTOR COOPERATIONPRIVATE SECTOR DEVELOPMENTPRIVATE SECTOR INVESTMENTSPRIVATE SECTOR PARTICIPATIONPRIVATE SECTOR PERSPECTIVEPRIVATE SECTOR PROJECTSPRIVATIZATION OF INFRASTRUCTUREPRIVATIZATION PROCESSPRIVATIZATION PROGRAMPROVISION OF INFRASTRUCTUREPROVISION OF INFRASTRUCTURE SERVICESPROVISIONSPSPPUBLICPUBLIC ASSETSPUBLIC FINANCEPUBLIC FUNDINGPUBLIC INFRASTRUCTUREPUBLIC INVESTMENTPUBLIC INVESTMENT IN INFRASTRUCTUREPUBLIC INVESTMENTSPUBLIC PERCEPTIONSPUBLIC SECTORPUBLIC SECTOR ENTITIESPUBLIC SERVICESPUBLIC SPENDINGPUBLIC UTILITIESPUBLIC UTILITYPUBLIC WORKSPUBLIC­PRIVATE INFRASTRUCTUREPURE ELECTRICITYQUALITY OF SERVICERAILROADSRAILWAYSRAW MATERIALRAW MATERIALSREGULATORY FRAMEWORKRENEGOTIATION PROCESSRETAIL COMPETITIONRETURN REGULATIONREVENUE GUARANTEESRISK MANAGEMENTROADROAD PROJECTSROADSRURAL ROADSSANITATIONSANITATION SECTORSERVICE EXPANSIONSERVICE PROVIDERSSERVICE PROVISIONSERVICE QUALITYSUNK COSTSTARIFF INCREASESTARIFF REGULATIONTARIFF REVIEWSTELECOMMUNICATIONSTELEPHONE COMPANYTOLLTOLL REVENUESTOLL ROADTOLL ROAD CONCESSIONSTOLL ROAD PROJECTSTOLL ROADSTRAFFICTRAFFIC FLOWSTRAFFIC LEVELSTRANSACTION COSTSTRANSFER OF OWNERSHIPTRANSFER OWNERSHIPTRANSPARENCYTRANSPORTTRANSPORT DATATRANSPORT SECTORTRANSPORT SERVICESTRUEUTILITY COMPANIESVEHICLESWATER CONCESSIONSWATER DISTRIBUTIONWATER PRICESWATER SECTORWATER SERVICESWATER TARIFFSWATER UTILITIESWHOLESALE ELECTRICITYWHOLESALE ELECTRICITY MARKETSWorld Bank10.1596/978-0-8213-7409-2