Improving Public Infrastructure in the Philippines
Title | Improving Public Infrastructure in the Philippines PDF eBook |
Author | Mr.Takuji Komatsuzaki |
Publisher | International Monetary Fund |
Pages | 24 |
Release | 2016-02-29 |
Genre | Business & Economics |
ISBN | 151351511X |
This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and (iii) deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization.
Improving Public Infrastructure in the Philippines
Title | Improving Public Infrastructure in the Philippines PDF eBook |
Author | Mr.Takuji Komatsuzaki |
Publisher | International Monetary Fund |
Pages | 24 |
Release | 2016-02-29 |
Genre | Business & Economics |
ISBN | 1513515152 |
This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and (iii) deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization.
Infrastructure and Economic Growth in Asia
Title | Infrastructure and Economic Growth in Asia PDF eBook |
Author | John Cockburn |
Publisher | Springer |
Pages | 156 |
Release | 2013-12-05 |
Genre | Business & Economics |
ISBN | 3319031376 |
Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.
Meeting Asia's Infrastructure Needs
Title | Meeting Asia's Infrastructure Needs PDF eBook |
Author | Asian Development Bank |
Publisher | Asian Development Bank |
Pages | 235 |
Release | 2017-02-01 |
Genre | Business & Economics |
ISBN | 9292577549 |
Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.
World Development Report 1994
Title | World Development Report 1994 PDF eBook |
Author | |
Publisher | World Bank Publications |
Pages | 268 |
Release | 1994 |
Genre | Business & Economics |
ISBN | 9780195209921 |
World Development Report 1994 examines the link between infrastructure and development and explores ways in which developing countries can improve both the provision and the quality of infrastructure services. In recent decades, developing countries have made substantial investments in infrastructure, achieving dramatic gains for households and producers by expanding their access to services such as safe water, sanitation, electric power, telecommunications, and transport. Even more infrastructure investment and expansion are needed in order to extend the reach of services - especially to people living in rural areas and to the poor. But as this report shows, the quantity of investment cannot be the exclusive focus of policy. Improving the quality of infrastructure service also is vital. Both quantity and quality improvements are essential to modernize and diversify production, help countries compete internationally, and accommodate rapid urbanization. The report identifies the basic cause of poor past performance as inadequate institutional incentives for improving the provision of infrastructure. To promote more efficient and responsive service delivery, incentives need to be changed through commercial management, competition, and user involvement. Several trends are helping to improve the performance of infrastructure. First, innovation in technology and in the regulatory management of markets makes more diversity possible in the supply of services. Second, an evaluation of the role of government is leading to a shift from direct government provision of services to increasing private sector provision and recent experience in many countries with public-private partnerships is highlighting new ways to increase efficiency and expand services. Third, increased concern about social and environmental sustainability has heightened public interest in infrastructure design and performance.
Philippines
Title | Philippines PDF eBook |
Author | International Monetary Fund. Asia and Pacific Dept |
Publisher | International Monetary Fund |
Pages | 67 |
Release | 2015-09-04 |
Genre | Business & Economics |
ISBN | 1513561316 |
This Selected Issues paper examines the interaction between real and financial cycles in the Philippines and their relationship to the global financial cycle. It finds that the surge in capital inflows between 2010 and mid-2013 can largely be explained by global financial factors such as global risk aversion, with exchange rate expectations and domestic fundamentals playing a secondary role. Moreover, local bond yields and retail bank rates seem to be driven by the same global factors and the U.S. term premiums. The paper suggests that the quantitative impact of VIX shocks on domestic demand via capital flows and asset repricing and of changes in the U.S. 10-year Treasury bond yields on bank credit and investment, are significant.
Realizing the Potential of Public–Private Partnerships to Advance Asia's Infrastructure Development
Title | Realizing the Potential of Public–Private Partnerships to Advance Asia's Infrastructure Development PDF eBook |
Author | Akash Deep |
Publisher | Asian Development Bank |
Pages | 341 |
Release | 2019-01-01 |
Genre | Business & Economics |
ISBN | 9292614193 |
This publication highlights how public–private partnerships (PPPs) can be effective to meet Asia's growing infrastructure needs. It shows how governments and their development partners can use PPPs to promote more inclusive and sustainable growth. The study finds that successful PPP projects are predicated on well-designed contracts, a stable economy, good governance and sound regulations, and a high level of institutional capacity to handle PPPs. It is the result of a collaboration between the Asian Development Bank, the Korea Development Institute, and other experts that supported the theme chapter "Sustaining Development through Public–Private Partnership" of the Asian Development Outlook 2017 Update.