Financing infrastructure in developing countries

Antonio Estache, Tomas Serebrisky and Liam Wren-Lewis

Post-Print from HAL

Abstract: This article develops a theoretical framework to analyse options for financing infrastructure in developing countries. We build a basic model that gives motivations for using a combination of public finance, private debt, and private equity. The model is then extended in a number of ways to examine factors that are important for developing countries. We focus in particular on key institutional weaknesses that are often important for infrastructure investment. Overall, we show that such weaknesses can be key in determining financing choices, but that they do not all push in the same direction. Financing schemes must therefore be adapted to consider the institutional limitations that are most pertinent in any given context.

Keywords: finance; development; infrastructure (search for similar items in EconPapers)
Date: 2015-12
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Published in Oxford Review of Economic Policy, 2015, 31 (3-4), pp.279-304. ⟨10.1093/oxrep/grv037⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01245625

DOI: 10.1093/oxrep/grv037

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().