Public expenditure on infrastructure in Latin America was severely constrained during the period of macroeconomic crises of the 1980s and 1990s. In spite of the opening up of infrastructure industries to private sector involvement, Latin America lost ground relative to other developing regions in terms of infrastructure quantity and quality. As a result, infrastructure remains deficient in many countries in the region and may hamper medium-term growth prospects.
This study aims to provide a macroeconomic evaluation of Latin America’s infrastructure performance over the last two decades. The study reviews trends in the quantity and quality of infrastructure vis-à-vis other regions in the world and assesses the growth consequences of the widening infrastructure gap. It also analyzes how the gap was affected by the fiscal retrenchment, and examines if the fiscal effort could turn self-defeating due to its adverse growth implications. Finally, the study provides a first evaluation of the macroeconomic results of private participation in infrastructure and offers a preliminary assessment of the role of regulation in encouraging private sector involvement.
 Macroeconomic Effects of Private Sector Participation in Infrastructure L.Trujillo, N. Martin, A.Estache and J.Campos, 2003, (119K PDF)
The Outpout Cost of Latin America's Infrastructure Gap C. Calderón and L. Serven, 2003, (81K PDF)
Infrastructure Compression and Public Sector Solvency in Latin America C. Calderon, W. Easterly, and L. Serven (77K PDF)
Latin America's Infrastructure in the Era of Macroeconomic Crises C. Calderon, W. Easterly, and L. Serven
(362K PDF)
Regulation and Private Sector Participation in Infrastructure S. Pargal (98K PDF)
Infrastructure in Latin America. A Macroeconomic Perspective (352K PDF)
Project Database on Infrastructure Investment in LAC (269K Excel document - .xls) |
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