Record:   Prev Next
Author Luis, Andres
Title Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead
Imprint Herndon : World Bank Publications, 2008
©2008
book jacket
Descript 1 online resource (370 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Cover -- Title Page -- Contents -- Latin American Development Forum Series -- Other Titles in the Latin American Development Forum Series -- About the Authors -- Preface -- Acknowledgments -- Abbreviations -- 1 Introduction -- Introduction -- Notes -- 2 Setting the Stage -- Why Infrastructure Matters -- Trends in Infrastructure Financing -- Distribution -- Sectoral Distribution -- Geographic Distribution -- Modal Distribution -- Investor Type: Geographic Location -- Limitations -- Achievements and Moving Forward -- Notes -- 3 Learning from Existing Literature -- Introduction -- Employment and Wages -- Prices of Services -- Quality of Services -- Access to Services and Coverage -- Asset Ownership -- Impact on Investors -- Fiscal Flows -- Productivity and Financial Solvency -- Distributional Impact and Consumer Welfare -- Water and Electricity -- Telecommunications -- Notes -- 4 Filling Gaps with New Data Sets and Methodologies -- Introduction -- Data Sets -- Performance Indicators Data Set -- Contract and Regulatory Characteristics Data Set -- LAC Electricity Benchmarking Database -- New Methodology: Separating Transition versus Long-Run Effects -- New Methodology: Distinguishing Levels from Trends -- Means and Medians Analysis -- Econometric Analysis -- Adding Contract and Regulatory Characteristics -- Endogeneity and Selection Bias -- Notes -- 5 The Impact on Electricity Distribution -- Introduction -- The Privatization Process -- Data -- Impact on Output and Coverage -- Electricity Distribution: Output and Coverage Summary -- Energy Sold -- Number of Connections -- Coverage -- Impact on Employment -- Electricity Distribution: Employment Summary -- Impact on Labor Productivity and Efficiency -- Electricity Distribution: Labor Productivity and Efficiency Summary -- Labor Productivity -- Distributional Losses -- Impact on Prices
Electricity Distribution: Price Summary -- Impact on Quality -- Electricity Distribution: Quality Summary -- Conclusion -- Notes -- 6 The Impact on Fixed-Line Telecommunications -- Introduction -- The Privatization Process -- Data -- Impact on Output and Coverage -- Telecommunications: Output and Coverage Summary -- Number of Connections -- Number of Minutes -- Coverage -- Impact on Employment -- Telecommunications: Employment Summary -- Impact on Labor Productivity and Efficiency -- Telecommunications: Labor Productivity and Efficiency Summary -- Labor Productivity -- Incomplete Calls -- Impact on Prices -- Telecommunications: Price Summary -- Impact on Quality -- Telecommunications: Quality Summary -- Liberalization and Competition -- Telecommunications: Liberalization and Competition Summary -- Liberalization -- Competition from Mobile Service Providers -- Conclusion -- Notes -- 7 The Impact on Water and Sewerage -- Introduction -- The Privatization Process -- Data -- Impact on Output and Coverage -- Water and Sewerage: Output and Coverage Summary -- Number of Connections -- Water Production -- Coverage -- Impact on Employment -- Water and Sewerage: Employment Summary -- Impact on Labor Productivity and Efficiency -- Water and Sewerage: Labor Productivity and Efficiency Summary -- Labor Productivity -- Distributional Losses -- Impact on Prices -- Water and Sewerage: Price Summary -- Impact on Quality -- Water and Sewerage: Quality Summary -- Service Continuity -- Potability -- Conclusion -- Notes -- 8 An Assessment of the Electricity Distribution Performance of Private and Public Utilities -- Introduction -- Main Findings -- Coverage -- Output -- Labor Productivity -- Operating Performance -- Tariffs -- Quality of Service -- Top 10 Percent and Bottom 10 Percent Performers -- Output -- Labor Productivity -- Operating Performance
Quality of Service -- Conclusion -- Notes -- 9 Determinants of Impact: Regulatory and Contract Variables -- Introduction -- Sale Method -- Autonomy of Regulatory Body -- Duration of Regulatory Body Appointments -- Investor Nationality -- Award Criteria -- Tariff Regulation -- Conclusion -- Notes -- 10 Conclusion -- Introduction -- Key Methodological Contributions -- Main Findings -- Moving Forward -- Critical Elements to Be Introduced in Moving Forward to Secure Success and Maximum Benefit of Private Participation Programs -- Improved Institutionality -- Improved Contract and Concession Design -- Regulatory Framework -- Regulatory Instruments -- Conflict Resolution Mechanism -- Addressing Social Issues -- Transparency and Communications -- Evaluation and Monitoring -- Note -- Appendix 1 Existing Literature -- Notes -- Appendix 2: Details of Econometric Approach -- Adding Contract and Regulatory Characteristics -- Estimation -- Endogeneity -- Notes -- Appendix 3: Detailed Results of Empirical Analysis -- Appendix 4: Summary of Power Market Reforms in Latin America and the Caribbean -- Appendix 5: Utility Companies -- Bibliography -- Index -- Back Cover
Infrastructure plays a key role in fostering growth and productivity and has been linked to improved earnings, health, and education levels for the poor. Yet Latin America is currently faced with a dangerous combination of relatively low public and private infrastructure investment. Those investment levels must increase, and it can be done. If Latin American and Caribbean governments are to increase infrastructure investment in politically feasible ways, it is critical that they learn from experience and have an accurate idea of future impacts. This book contributes to this aim by producing what is arguably the most comprehensive privatization impact analysis in the region to date, drawing on an extremely comprehensive dataset
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Luis, Andres Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead Herndon : World Bank Publications,c2008 9780821374092
Subject Infrastructure (Economics) -- Latin America.;Public-private sector cooperation -- Latin America.;Public utilities -- Finance.;Public utilities -- Latin America -- Finance.;Privatization -- Latin America
Electronic books
Alt Author Luis, Andres
Vivien, Foster
Haven, Thomas
Record:   Prev Next