The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead
As numerous countries in Latin America and the Caribbean and elsewhere are moving toward a second phase of private participation in infrastructure programs mostly through public-private partnership schemes and other countries are just beginning the...
Na minha lista:
| Principais autores: | , , , |
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| Formato: | Online |
| Idioma: | inglês en_US |
| Publicado em: |
Washington, DC : World Bank
2012
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| Assuntos: | |
| Acesso em linha: | http://documents.worldbank.org/curated/en/2008/07/9880227/impact-private-sector-participation-infrastructure-lights-shadows-road-ahead https://hdl.handle.net/10986/6545 https://doi.org/10.1596/978-0-8213-7409-2 |
| _version_ | 1866367762889179136 |
|---|---|
| author | Haven, Thomas Andrés, Luis A. Guasch, J. Luis Foster, Vivien |
| author_facet | Haven, Thomas Andrés, Luis A. Guasch, J. Luis Foster, Vivien |
| author_sort | Haven, Thomas |
| collection | Colección Libros - Series (activas) |
| description | As numerous countries in Latin America
and the Caribbean and elsewhere are moving toward a second
phase of private participation in infrastructure programs
mostly through public-private partnership schemes and other
countries are just beginning the process, several concerns
remain from the outcomes of the first phase. These concerns
are making governments cautious in moving forward. The
Impact of private sector participation in infrastructure
addresses these concerns and brings clarity to the debate on
the impact of private participation in infrastructure. The
assessment of this impact may be one of the most emotional
policy issues in economics, as it is clouded in a mist of
myths, perceptions, and reality. This book analyzes the
impact and sorts out the truth from the myths. The authors
take a systematic and hard look at the facts (i.e., data) in
Latin America, where starting in the late 1980s, many
governments brought private sector participation into the
delivery of essential utilities services. Although there are
many assessments of this experience, none was able to rely
on systemic, cross-country, and time-series data, and
practically all of them did not save rare exceptions account
for what would have happened in the absence of interventions
(the counterfactual). This book does just that. It brings
together an all encompassing database from the 1980s to the
first decade of this century and develops an effective and
robust methodology, accounting for the counterfactual, which
tests and estimates the impact of reform on an exceptionally
wide set of outcome indicators. As a result, this book
presents the most in-depth study to date of the private
sector participation experience in Latin America, and it
substantially advances the existing literature by offering
robust econometric analysis. |
| format | Online |
| id | wb-10986-6545 |
| institution | Banco Mundial |
| language | English en_US |
| publishDate | 2012 |
| publisher | Washington, DC : World Bank |
| record_format | dspace |
| spelling | wb-10986-65452025-04-16T05:03:42Z The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead El impacto de la participacion del sector privado en infraestructura : luces y sombras en el camino hacia adelante Haven, Thomas Andrés, Luis A. Guasch, J. Luis Foster, Vivien ACCESS TO ELECTRICITY ACCOUNTING AIRPORTS APPROACH ASSET OWNERSHIP BASIC SERVICES BIDDING FOR CONCESSIONS BOT BUILD-OWN CALL PRICES CAP REGULATION CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS COMPANY CONCESSION CONCESSION CONTRACT CONCESSION CONTRACTS CONCESSION PERIOD CONSUMER WELFARE CORPORATE GOVERNANCE CORPORATIZATION COST OF CAPITAL COST RECOVERY COST SAVINGS CUBIC METERS CURRENCY DEVALUATIONS DEBT DEFICITS DEMAND FOR POWER DEMAND FORECAST DISTRIBUTION COMPANIES DISTRIBUTION INVESTMENTS DISTRIBUTION LOSSES DISTRIBUTION NETWORK DIVESTITURE ECONOMIC ANALYSIS ECONOMIC GROWTH ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY MARKET ELECTRICITY SECTOR ELECTRICITY TARIFFS EMPLOYMENT EXPANSION FINANCIAL CLOSURE FINANCIAL PERFORMANCE FIRMS FOREIGN COMPANIES FOREIGN INVESTMENTS FOREIGN INVESTORS GOVERNMENT ASSETS GOVERNMENT PARTICIPATION GROSS DOMESTIC PRODUCT GROWTH RATES INCENTIVES FOR CONCESSIONAIRES INDUSTRIAL TARIFFS INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE REFORM INFRASTRUCTURE REGULATION INFRASTRUCTURES INITIAL PRICE INSURANCE INTEREST RATES INTERNATIONAL ENERGY INVESTMENT CLIMATE INVESTMENT IN INFRASTRUCTURE INVESTMENT IN INFRASTRUCTURE PROJECTS INVESTMENT INCENTIVES INVESTMENT OBLIGATIONS INVESTMENT VALUE INVESTOR PROTECTION JOB CREATION LEASE CONTRACT LEASE CONTRACTS LEASING LEVEL OF DEMAND LICENSES LOCAL INVESTORS LOCAL TRANSPORT LOGISTICS COSTS LONG DISTANCE MAINTENANCE EXPENDITURES MANAGEMENT CONTRACTS MINIMUM REVENUE GUARANTEE NATURAL GAS OUTSOURCING PERFORMANCE INDICATORS PORTS POWER POWER DISTRIBUTION POWER PRODUCER POWER PURCHASE POWER PURCHASE AGREEMENTS POWER SECTOR POWER SECTOR REFORM PRICE ADJUSTMENTS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTORS PRIVATE PARTNERSHIP PRIVATE ROADS PRIVATE SECTOR PRIVATE SECTOR COOPERATION PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR INVESTMENTS PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PERSPECTIVE PRIVATE SECTOR PROJECTS PRIVATIZATION OF INFRASTRUCTURE PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PROVISION OF INFRASTRUCTURE PROVISION OF INFRASTRUCTURE SERVICES PROVISIONS PSP PUBLIC PUBLIC ASSETS PUBLIC FINANCE PUBLIC FUNDING PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC PERCEPTIONS PUBLIC SECTOR PUBLIC SECTOR ENTITIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WORKS PUBLICPRIVATE INFRASTRUCTURE PURE ELECTRICITY QUALITY OF SERVICE RAILROADS RAILWAYS RAW MATERIAL RAW MATERIALS REGULATORY FRAMEWORK RENEGOTIATION PROCESS RETAIL COMPETITION RETURN REGULATION REVENUE GUARANTEES RISK MANAGEMENT ROAD ROAD PROJECTS ROADS RURAL ROADS SANITATION SANITATION SECTOR SERVICE EXPANSION SERVICE PROVIDERS SERVICE PROVISION SERVICE QUALITY SUNK COSTS TARIFF INCREASES TARIFF REGULATION TARIFF REVIEWS TELECOMMUNICATIONS TELEPHONE COMPANY TOLL TOLL REVENUES TOLL ROAD TOLL ROAD CONCESSIONS TOLL ROAD PROJECTS TOLL ROADS TRAFFIC TRAFFIC FLOWS TRAFFIC LEVELS TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSFER OWNERSHIP TRANSPARENCY TRANSPORT TRANSPORT DATA TRANSPORT SECTOR TRANSPORT SERVICES TRUE UTILITY COMPANIES VEHICLES WATER CONCESSIONS WATER DISTRIBUTION WATER PRICES WATER SECTOR WATER SERVICES WATER TARIFFS WATER UTILITIES WHOLESALE ELECTRICITY WHOLESALE ELECTRICITY MARKETS As numerous countries in Latin America and the Caribbean and elsewhere are moving toward a second phase of private participation in infrastructure programs mostly through public-private partnership schemes and other countries are just beginning the process, several concerns remain from the outcomes of the first phase. These concerns are making governments cautious in moving forward. The Impact of private sector participation in infrastructure addresses these concerns and brings clarity to the debate on the impact of private participation in infrastructure. The assessment of this impact may be one of the most emotional policy issues in economics, as it is clouded in a mist of myths, perceptions, and reality. This book analyzes the impact and sorts out the truth from the myths. The authors take a systematic and hard look at the facts (i.e., data) in Latin America, where starting in the late 1980s, many governments brought private sector participation into the delivery of essential utilities services. Although there are many assessments of this experience, none was able to rely on systemic, cross-country, and time-series data, and practically all of them did not save rare exceptions account for what would have happened in the absence of interventions (the counterfactual). This book does just that. It brings together an all encompassing database from the 1980s to the first decade of this century and develops an effective and robust methodology, accounting for the counterfactual, which tests and estimates the impact of reform on an exceptionally wide set of outcome indicators. As a result, this book presents the most in-depth study to date of the private sector participation experience in Latin America, and it substantially advances the existing literature by offering robust econometric analysis. 2012-05-29T15:51:54Z 2012-05-29T15:51:54Z 2008 http://documents.worldbank.org/curated/en/2008/07/9880227/impact-private-sector-participation-infrastructure-lights-shadows-road-ahead 978-0-8213-7409-2 https://hdl.handle.net/10986/6545 https://doi.org/10.1596/978-0-8213-7409-2 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC : World Bank |
| spellingShingle | ACCESS TO ELECTRICITY ACCOUNTING AIRPORTS APPROACH ASSET OWNERSHIP BASIC SERVICES BIDDING FOR CONCESSIONS BOT BUILD-OWN CALL PRICES CAP REGULATION CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS COMPANY CONCESSION CONCESSION CONTRACT CONCESSION CONTRACTS CONCESSION PERIOD CONSUMER WELFARE CORPORATE GOVERNANCE CORPORATIZATION COST OF CAPITAL COST RECOVERY COST SAVINGS CUBIC METERS CURRENCY DEVALUATIONS DEBT DEFICITS DEMAND FOR POWER DEMAND FORECAST DISTRIBUTION COMPANIES DISTRIBUTION INVESTMENTS DISTRIBUTION LOSSES DISTRIBUTION NETWORK DIVESTITURE ECONOMIC ANALYSIS ECONOMIC GROWTH ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY MARKET ELECTRICITY SECTOR ELECTRICITY TARIFFS EMPLOYMENT EXPANSION FINANCIAL CLOSURE FINANCIAL PERFORMANCE FIRMS FOREIGN COMPANIES FOREIGN INVESTMENTS FOREIGN INVESTORS GOVERNMENT ASSETS GOVERNMENT PARTICIPATION GROSS DOMESTIC PRODUCT GROWTH RATES INCENTIVES FOR CONCESSIONAIRES INDUSTRIAL TARIFFS INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE REFORM INFRASTRUCTURE REGULATION INFRASTRUCTURES INITIAL PRICE INSURANCE INTEREST RATES INTERNATIONAL ENERGY INVESTMENT CLIMATE INVESTMENT IN INFRASTRUCTURE INVESTMENT IN INFRASTRUCTURE PROJECTS INVESTMENT INCENTIVES INVESTMENT OBLIGATIONS INVESTMENT VALUE INVESTOR PROTECTION JOB CREATION LEASE CONTRACT LEASE CONTRACTS LEASING LEVEL OF DEMAND LICENSES LOCAL INVESTORS LOCAL TRANSPORT LOGISTICS COSTS LONG DISTANCE MAINTENANCE EXPENDITURES MANAGEMENT CONTRACTS MINIMUM REVENUE GUARANTEE NATURAL GAS OUTSOURCING PERFORMANCE INDICATORS PORTS POWER POWER DISTRIBUTION POWER PRODUCER POWER PURCHASE POWER PURCHASE AGREEMENTS POWER SECTOR POWER SECTOR REFORM PRICE ADJUSTMENTS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTORS PRIVATE PARTNERSHIP PRIVATE ROADS PRIVATE SECTOR PRIVATE SECTOR COOPERATION PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR INVESTMENTS PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PERSPECTIVE PRIVATE SECTOR PROJECTS PRIVATIZATION OF INFRASTRUCTURE PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PROVISION OF INFRASTRUCTURE PROVISION OF INFRASTRUCTURE SERVICES PROVISIONS PSP PUBLIC PUBLIC ASSETS PUBLIC FINANCE PUBLIC FUNDING PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC PERCEPTIONS PUBLIC SECTOR PUBLIC SECTOR ENTITIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WORKS PUBLICPRIVATE INFRASTRUCTURE PURE ELECTRICITY QUALITY OF SERVICE RAILROADS RAILWAYS RAW MATERIAL RAW MATERIALS REGULATORY FRAMEWORK RENEGOTIATION PROCESS RETAIL COMPETITION RETURN REGULATION REVENUE GUARANTEES RISK MANAGEMENT ROAD ROAD PROJECTS ROADS RURAL ROADS SANITATION SANITATION SECTOR SERVICE EXPANSION SERVICE PROVIDERS SERVICE PROVISION SERVICE QUALITY SUNK COSTS TARIFF INCREASES TARIFF REGULATION TARIFF REVIEWS TELECOMMUNICATIONS TELEPHONE COMPANY TOLL TOLL REVENUES TOLL ROAD TOLL ROAD CONCESSIONS TOLL ROAD PROJECTS TOLL ROADS TRAFFIC TRAFFIC FLOWS TRAFFIC LEVELS TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSFER OWNERSHIP TRANSPARENCY TRANSPORT TRANSPORT DATA TRANSPORT SECTOR TRANSPORT SERVICES TRUE UTILITY COMPANIES VEHICLES WATER CONCESSIONS WATER DISTRIBUTION WATER PRICES WATER SECTOR WATER SERVICES WATER TARIFFS WATER UTILITIES WHOLESALE ELECTRICITY WHOLESALE ELECTRICITY MARKETS Haven, Thomas Andrés, Luis A. Guasch, J. Luis Foster, Vivien The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead |
| title | The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead |
| title_full | The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead |
| title_fullStr | The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead |
| title_full_unstemmed | The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead |
| title_short | The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead |
| title_sort | impact of private sector participation in infrastructure lights shadows and the road ahead |
| topic | ACCESS TO ELECTRICITY ACCOUNTING AIRPORTS APPROACH ASSET OWNERSHIP BASIC SERVICES BIDDING FOR CONCESSIONS BOT BUILD-OWN CALL PRICES CAP REGULATION CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS COMPANY CONCESSION CONCESSION CONTRACT CONCESSION CONTRACTS CONCESSION PERIOD CONSUMER WELFARE CORPORATE GOVERNANCE CORPORATIZATION COST OF CAPITAL COST RECOVERY COST SAVINGS CUBIC METERS CURRENCY DEVALUATIONS DEBT DEFICITS DEMAND FOR POWER DEMAND FORECAST DISTRIBUTION COMPANIES DISTRIBUTION INVESTMENTS DISTRIBUTION LOSSES DISTRIBUTION NETWORK DIVESTITURE ECONOMIC ANALYSIS ECONOMIC GROWTH ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY GENERATION ELECTRICITY MARKET ELECTRICITY SECTOR ELECTRICITY TARIFFS EMPLOYMENT EXPANSION FINANCIAL CLOSURE FINANCIAL PERFORMANCE FIRMS FOREIGN COMPANIES FOREIGN INVESTMENTS FOREIGN INVESTORS GOVERNMENT ASSETS GOVERNMENT PARTICIPATION GROSS DOMESTIC PRODUCT GROWTH RATES INCENTIVES FOR CONCESSIONAIRES INDUSTRIAL TARIFFS INFRASTRUCTURE ASSETS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE REFORM INFRASTRUCTURE REGULATION INFRASTRUCTURES INITIAL PRICE INSURANCE INTEREST RATES INTERNATIONAL ENERGY INVESTMENT CLIMATE INVESTMENT IN INFRASTRUCTURE INVESTMENT IN INFRASTRUCTURE PROJECTS INVESTMENT INCENTIVES INVESTMENT OBLIGATIONS INVESTMENT VALUE INVESTOR PROTECTION JOB CREATION LEASE CONTRACT LEASE CONTRACTS LEASING LEVEL OF DEMAND LICENSES LOCAL INVESTORS LOCAL TRANSPORT LOGISTICS COSTS LONG DISTANCE MAINTENANCE EXPENDITURES MANAGEMENT CONTRACTS MINIMUM REVENUE GUARANTEE NATURAL GAS OUTSOURCING PERFORMANCE INDICATORS PORTS POWER POWER DISTRIBUTION POWER PRODUCER POWER PURCHASE POWER PURCHASE AGREEMENTS POWER SECTOR POWER SECTOR REFORM PRICE ADJUSTMENTS PRIVATE CAPITAL PRIVATE COMPANIES PRIVATE COMPANY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INFRASTRUCTURE INVESTMENT PRIVATE INVESTMENT PRIVATE INVESTMENT IN INFRASTRUCTURE PRIVATE INVESTORS PRIVATE PARTNERSHIP PRIVATE ROADS PRIVATE SECTOR PRIVATE SECTOR COOPERATION PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR INVESTMENTS PRIVATE SECTOR PARTICIPATION PRIVATE SECTOR PERSPECTIVE PRIVATE SECTOR PROJECTS PRIVATIZATION OF INFRASTRUCTURE PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PROVISION OF INFRASTRUCTURE PROVISION OF INFRASTRUCTURE SERVICES PROVISIONS PSP PUBLIC PUBLIC ASSETS PUBLIC FINANCE PUBLIC FUNDING PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC INVESTMENTS PUBLIC PERCEPTIONS PUBLIC SECTOR PUBLIC SECTOR ENTITIES PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PUBLIC UTILITY PUBLIC WORKS PUBLICPRIVATE INFRASTRUCTURE PURE ELECTRICITY QUALITY OF SERVICE RAILROADS RAILWAYS RAW MATERIAL RAW MATERIALS REGULATORY FRAMEWORK RENEGOTIATION PROCESS RETAIL COMPETITION RETURN REGULATION REVENUE GUARANTEES RISK MANAGEMENT ROAD ROAD PROJECTS ROADS RURAL ROADS SANITATION SANITATION SECTOR SERVICE EXPANSION SERVICE PROVIDERS SERVICE PROVISION SERVICE QUALITY SUNK COSTS TARIFF INCREASES TARIFF REGULATION TARIFF REVIEWS TELECOMMUNICATIONS TELEPHONE COMPANY TOLL TOLL REVENUES TOLL ROAD TOLL ROAD CONCESSIONS TOLL ROAD PROJECTS TOLL ROADS TRAFFIC TRAFFIC FLOWS TRAFFIC LEVELS TRANSACTION COSTS TRANSFER OF OWNERSHIP TRANSFER OWNERSHIP TRANSPARENCY TRANSPORT TRANSPORT DATA TRANSPORT SECTOR TRANSPORT SERVICES TRUE UTILITY COMPANIES VEHICLES WATER CONCESSIONS WATER DISTRIBUTION WATER PRICES WATER SECTOR WATER SERVICES WATER TARIFFS WATER UTILITIES WHOLESALE ELECTRICITY WHOLESALE ELECTRICITY MARKETS |
| url | http://documents.worldbank.org/curated/en/2008/07/9880227/impact-private-sector-participation-infrastructure-lights-shadows-road-ahead https://hdl.handle.net/10986/6545 https://doi.org/10.1596/978-0-8213-7409-2 |
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