Estache, AntonioFay, Marianne2017-08-142017-08-142009https://hdl.handle.net/10986/27762This paper provides an overview of the major current debates on infrastructure policy. It reviews the evidence on the macroeconomic significance of the sector in terms of growth and poverty alleviation. It also discusses the major institutional debates, including the relative comparative advantage of the public and the private sector in the various stages of infrastructure service delivery as well as the main options for changes in the role of government (i.e. regulation and decentralization).en-USCC BY 3.0 IGOACCESSIBILITYACCOUNTINGAGGLOMERATIONAGGLOMERATION BENEFITSAMORTIZATIONARBITRAGEAVERAGE TARIFFBALANCE SHEETBENEFICIARIESBOTTLENECKSBRIDGEBUDGET CONSTRAINTSBUSESCAPITAL STOCKCAPITAL STOCKSCARSCASH FLOWSCLIMATE CHANGECONCESSIONCONCESSION CONTRACTSCONCESSIONSCONGESTIONCONGESTION COSTSCONNECTION COSTSCONSUMER DEMANDCONTRACT AWARDCOST OF CAPITALCOST RECOVERYCOSTS OF TRANSPORTCROSS SUBSIDIESDEBTDECENTRALIZATIONDEFICITSDELIVERY OF INFRASTRUCTURE SERVICESDEREGULATIONDEVELOPING COUNTRIESDISBURSEMENTSDISPOSABLE INCOMEDIVESTITUREDRIVERSDRIVINGECONOMETRIC APPROACHESECONOMETRIC EVIDENCEECONOMIC GROWTHECONOMIC MODELSELASTICITIESELASTICITYELECTRIC POWERELECTRICITYELECTRICITY DISTRIBUTIONELECTRICITY GENERATIONELECTRICITY SERVICESEXTERNALITIESFINANCIAL BURDENFINANCIAL CLOSUREFINANCIAL TRANSACTIONSFISCAL CONSTRAINTSFISCAL POLICIESFOREIGN EXCHANGEFOREIGN EXCHANGE RISKGENERATIONGENERATION CAPACITYGROWTH RATESHIGHWAYHIGHWAY NETWORKHOUSEHOLD CONSUMPTIONHUMAN CAPITALINCOME GROWTHINCOME LEVELINCOME LEVELSINFRASTRUCTURE ASSETSINFRASTRUCTURE FINANCINGINFRASTRUCTURE INVESTMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE INVESTORSINFRASTRUCTURE POLICYINFRASTRUCTURE PRIVATIZATIONINFRASTRUCTURE PROJECTSINFRASTRUCTURE PROVISIONINFRASTRUCTURE REFORMINFRASTRUCTURE SECTORINFRASTRUCTURE SPENDINGINFRASTRUCTURE SUPPLYINFRASTRUCTURESINSTITUTIONAL CAPACITYINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL ECONOMYINTERNATIONAL ENERGYINVENTORYINVESTINGINVESTMENT CLIMATEINVESTMENT COSTSINVESTMENT DECISIONSINVESTMENT FINANCELABOR MARKETSLANESLEASE CONTRACTSLEGAL TRADITIONLICENSESLIVING STANDARDLOCAL ECONOMYMACROECONOMIC VARIABLESMAINTENANCE EXPENDITURESMINIMUM RATE OF RETURNMISSING MARKETSMOBILITYNETWORK EXTERNALITIESPASSENGER TRANSPORTPOLITICAL ECONOMYPOLITICAL RISKSPOOR HOUSEHOLDSPOWERPOWER PLANTSPOWER SECTORPRIVATE CAPITALPRIVATE INVESTMENTPRIVATE INVESTORSPRIVATE OPERATORSPRIVATE PROVIDERSPRIVATE SECTORPROVISIONSPUBLICPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE REVIEWPUBLIC FUNDSPUBLIC INFRASTRUCTUREPUBLIC INVESTMENTPUBLIC MONOPOLIESPUBLIC SECTORPUBLIC SECTOR REFORMPUBLIC SPENDINGRAILRAILWAYRAILWAYSRATES OF RETURNREAL EXCHANGE RATERENEGOTIATIONRENEGOTIATIONSRENTSRESERVESRESIDENTIAL USERSRETURNSRING ROADSRISK MITIGATIONROADROAD NETWORKSROAD SECTORROADSSAFETYSANITATIONSANITATION SERVICESSERVICE PROVIDERSSETTLEMENTSTOCK DATASTOCK MARKETSTOCKSTAXTAX REVENUETAXATIONTELECOMMUNICATIONSTRAFFICTRAFFIC MANAGEMENTTRAINSTRANSACTIONTRANSPORTTRANSPORT CORRIDORSTRANSPORT COSTSTRANSPORT IMPROVEMENTSTRANSPORT INFRASTRUCTURETRANSPORT NETWORKTRANSPORT SECTORTRANSPORT SERVICESTRANSPORTATIONTRANSPORTATION EQUITYTRANSPORTATION EQUITY ACTURBAN POVERTYURBAN ROADSURBANIZATIONUTILITIESWATER SERVICESWorking PaperWorld Bank10.1596/27762