Financing infrastructure in developing countries

Antonio Estache, Tomas Serebrisky and Liam Wren-Lewis

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

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: Development; Finance; Infrastructure (search for similar items in EconPapers)
Date: 2015
Note: SCOPUS: ar.j
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Citations: View citations in EconPapers (17)

Published in: Oxford review of economic policy (2015) v.31 n° 3-4,p.279-304

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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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