Financing Infrastructure in Developing Countries
Antonio Estache,
Tomas Serebrisky and
Liam Wren-Lewis
Working Papers ECARES from ULB -- Universite Libre de Bruxelles
Abstract:
This article develops a theoretical framework to analyze options for financing infrastructurein developing countries. We build a basic model that gives motivations for usinga combination of public finance, private debt and private equity. The model is thenextended in a number of ways to examine a variety of factors that are important fordeveloping countries when considering financing choices. We focus in particular on keyinstitutional weaknesses that are often important for infrastructure investment. Overall,we show that such weaknesses can be key in determining financing choices, but that theydo not all push in the same direction. Financing schemes must therefore be adapted toconsider the institutional limitations that are most pertinent in any given context.
Keywords: finance; development; infrastructure (search for similar items in EconPapers)
JEL-codes: G32 G38 H54 O16 (search for similar items in EconPapers)
Pages: 33 p.
Date: 2015-03
New Economics Papers: this item is included in nep-ppm and nep-tre
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Citations: View citations in EconPapers (16)
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Related works:
Journal Article: Financing infrastructure in developing countries (2015) 
Working Paper: Financing infrastructure in developing countries (2015)
Working Paper: Financing infrastructure in developing countries (2015)
Working Paper: Financing infrastructure in developing countries (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eca:wpaper:2013/196926
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