Public infrastructure and private investment in the Middle East and North Africa:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C]
World Bank
2005
|
| Series: | Policy research working paper
3661 |
| Subjects: | |
| Links: | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3661 |
| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 8/18/2005 Erscheinungsjahr in Vorlageform:[2005] |
| Physical Description: | 1 Online-Ressource (39 Seiten) |
Staff View
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| 100 | 1 | |a Agénor, Pierre-Richard |d 1957- |e Verfasser |0 (DE-588)12408009X |4 aut | |
| 245 | 1 | 0 | |a Public infrastructure and private investment in the Middle East and North Africa |c Pierre-Richard Agenor, Mustapha K. Nabli, Tarik M. Yousef |
| 264 | 1 | |a [Washington, D.C] |b World Bank |c 2005 | |
| 300 | |a 1 Online-Ressource (39 Seiten) | ||
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| 490 | 0 | |a Policy research working paper |v 3661 | |
| 500 | |a Includes bibliographical references. - Title from PDF file as viewed on 8/18/2005 | ||
| 500 | |a Erscheinungsjahr in Vorlageform:[2005] | ||
| 520 | 1 | |a "The authors examine the impact of public infrastructure on private capital formation in three countries of the Middle East and North Africa-Egypt, Jordan, and Tunisia. They highlight various channels through which public infrastructure may affect private investment. Then they describe their empirical framework, which is based on a vector autoregression (VAR) model that accounts for flows and (quality-adjusted) stocks of public infrastructure, private investment, as well as changes in output, private sector credit, and the real exchange rate. The authors propose two aggregate measures of the quality of public infrastructure and use principal components to derive a composite indicator. Their analysis suggests that public infrastructure has both "flow" and "stock" effects on private investment in Egypt, but only a "stock" effect in Jordan and Tunisia. But these effects are small and short-lived, reflecting the unfavorable environment for private investment in their sample of countries. Reducing unproductive public capital expenditure and improving quality must be accompanied by policy reforms aimed at limiting investment to infrastructure capital that crowds in the private sector and corrects for fundamental market failures. This will entail privatization and greater involvement of the private sector in infrastructure investment. While infrastructure (in the form of the provision of critical telecommunications, transport, and energy services) is important, other improvements in the environment in which domestic investment is conducted are crucial. These include the need to provide financing on adequate terms and guarantee a secure and efficient justice system. "--World Bank web site | |
| 534 | |c 2005 | ||
| 653 | |a Infrastructure (Economics) |a Egypt | ||
| 653 | |a Infrastructure (Economics) |a Jordan | ||
| 653 | |a Infrastructure (Economics) |a Tunisia | ||
| 653 | |a Investments |a Egypt | ||
| 653 | |a Investments |a Jordan | ||
| 653 | |a Investments |a Tunisia | ||
| 700 | 1 | |a Nabli, Mustapha K. |d 1948- |e Verfasser |0 (DE-588)131683292 |4 aut | |
| 710 | 2 | |a World Bank |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Reproduktion von |a Agénor, Pierre-Richard, 1957- |t Public infrastructure and private investment in the Middle East and North Africa |d 2005 |
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| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-025445765 | |
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| author | Agénor, Pierre-Richard 1957- Nabli, Mustapha K. 1948- |
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| illustrated | Not Illustrated |
| indexdate | 2025-02-24T15:01:15Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (39 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | World Bank |
| record_format | marc |
| series2 | Policy research working paper |
| spellingShingle | Agénor, Pierre-Richard 1957- Nabli, Mustapha K. 1948- Public infrastructure and private investment in the Middle East and North Africa |
| title | Public infrastructure and private investment in the Middle East and North Africa |
| title_auth | Public infrastructure and private investment in the Middle East and North Africa |
| title_exact_search | Public infrastructure and private investment in the Middle East and North Africa |
| title_full | Public infrastructure and private investment in the Middle East and North Africa Pierre-Richard Agenor, Mustapha K. Nabli, Tarik M. Yousef |
| title_fullStr | Public infrastructure and private investment in the Middle East and North Africa Pierre-Richard Agenor, Mustapha K. Nabli, Tarik M. Yousef |
| title_full_unstemmed | Public infrastructure and private investment in the Middle East and North Africa Pierre-Richard Agenor, Mustapha K. Nabli, Tarik M. Yousef |
| title_short | Public infrastructure and private investment in the Middle East and North Africa |
| title_sort | public infrastructure and private investment in the middle east and north africa |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3661 |
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