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Investment Gaps in IDB Borrowing Countries

Francesca Castellani (), Marcelo Olarreaga (), Ugo Panizza and Yue Zhou ()
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Francesca Castellani: Inter-American Development Bank

No 03-2018, IHEID Working Papers from Economics Section, The Graduate Institute of International Studies

Abstract: TWe estimate public investment gaps in a sample of developing countries using a public investment demand function. We then use GDP per capita projections, forecasts of structural transformation, and three SDG targets (poverty, infant mortality and lower secondary school completion) to predict public investment needs in 2030 among IDB borrowing countries. Our estimates suggest that in 2014 the total public investment gap of IDB borrowers was close to $170 billion (3.1 percent of the Region’s GDP) and that the gap is expected to surpass $717 billion (6.3 percent of the Region’s GDP) by 2030 if the SDGs were to be reached.

Keywords: Investment gaps; Latin America; SDG (search for similar items in EconPapers)
JEL-codes: H54 H63 O16 O54 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2018-03
New Economics Papers: this item is included in nep-lam
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