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dc.titlePublic Investment in Infrastructure in Latin America: Is Debt the Culprit?
dc.contributor.authorLora, Eduardo
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageUnited States
dc.date.available2011-02-07T00:00:00
dc.date.issue2007-01-05T00:00:00
dc.description.abstractPanel data for seven Latin American countries are used to assess the influence of public indebtedness on public investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment, an effect that is robust to the inclusion of many other fiscal and macroeconomic variables. This paper also finds some evidence of complementarity between public and private investment and of the negative effect of IMF adjustment loans on infrastructure expenditures. No evidence is found that debt defaults affect public investment in infrastructure
dc.identifier.doihttp://dx.doi.org/10.18235/0010876
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Public-Investment-in-Infrastructure-in-Latin-America-Is-Debt-the-Culprit.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subject.keywordsWP-595
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-N2524
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