Infrastructure Gap in South Asia: Infrastructure Needs, Prioritization, and Financing

Andrés, Luis Alberto; Biller, S. A. Dan; Dappe, Matias Herrera

doi:10.1596/1813-9450-7032

Cited by 35 publications

(32 citation statements)

References 22 publications

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“…Due to the sizeable infrastructure gaps around the world (Andrés et al, 2014;Calderón and Servén, 2008) we argue that the primary explanation of this substitution effect is that countries are unable to meet demand for infrastructure through purely public means rather than an active choice between pure public and public-private investment. Once again, the interaction with the Africa dummy produces an interesting result, weakening the statistical effect of public investment when it is included.…”

Section: Resultsmentioning

confidence: 99%

Policymakers' Decisions on Public-Private Partnership Use: The Role of Institutions and Fiscal Constraints

Reyes-Tagle¹,

Garbacik²

2016

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work is licensed under a Creative Commons IGO 3.0 AttributionNonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.Note that link provided above includes additional terms and conditions of the license.The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the Inter-American Development Bank, its Board of Directors, or the countries they represent. PPPs are critical to understand. PPPs can be used to avoid fiscal constraints in the short term due to their initial private sector financing, but without proper institutional controls and safeguards, this avoidance of constraints can quickly create unsustainable fiscal liabilities that will worsen the country's overall fiscal and development position. This study finds that policy-related government institutions increase the probability of countries having active PPP programs but have no effect on the level of expected expenditures on PPPs. It also finds, like previous studies, that fiscal constraints increase PPP use. The results suggest that governments understand the importance of institutional quality for PPPs, but may feel compelled to utilize their PPP units once they exist even if they do not have the institutional quality to maintain their use. This could have ramifications for the sustainability of PPP programs throughout the world.JEL codes: E62, H54, O18, O23

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Section: Resultsmentioning

confidence: 99%

Policymakers' Decisions on Public-Private Partnership Use: The Role of Institutions and Fiscal Constraints

Reyes-Tagle¹,

Garbacik²

2016

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“…Strategic plans and studies in several countries such as the UK (ARCOM, 2017) and Australia (CRIOCM, 2017) identify some main novel trends in; Building Information Modelling (BIM), equality and diversity, human resources management, big data, research and education, sustainable construction, and building performance. Considering the developments in the construction sector of the Asian region, Andres et al (2014) identified trends such as; urbanisation, developing "megacities", and supply chain management, as priorities of developing countries. Given the widespread areas, changes will be required at all levels of the industry in proposing construction management innovations.…”

Section: Construction Industry As An Emerging Knowledge Economymentioning

confidence: 99%

Academic research in emerging knowledge-based economies

Hadiwattege

Senaratne

Sandanayake

et al. 2018

BEPAM

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PurposeKnowledge-based economies are popular in the present world. Simultaneously, universities are becoming more responsible for leading economic development through research. As a key contributor to the national economy, it is vital for the construction industry to move beyond outdated practices, and hence, reviewing the role of academic research in empowering construction industry with knowledge is essential. This paper focuses on how relevant theories conceptualise the expected role of academic research in the innovative development of an industry and the specific location in Sri Lankan construction industry. Design/methodology/approachFollowing a comprehensive literature review, empirical data were collected from Sri Lankan context with a mixed approach informed by a pragmatist philosophical stance. The perspective of academia and industry practitioners were deductively obtained through surveys and inductively explored through qualitative interviews. FindingsThis study provides evidence that academic research in Sri Lanka does not contribute effectively to innovative construction management. Due to the absence of industry-focused knowledge dissemination strategies, the academic-industry relationships are mostly non-research based. The industry lacks in research informed-decision making, leading to lesser innovations. Research limitations/implicationsThe research conclusions are more applicable to the developing-country construction industry contexts. Practical implicationsThe research urges the need for improved academic-industry research collaborations and strategic knowledge dissemination movements. Originality/valueThe research confirms academic research as a major integral part of developing construction industry in a knowledge-based economy. In establishing the expected role of academic research, the research revealed the current practice to be under-located. Hence, the research prescribes the necessary actions; research collaborations in major and subsequent requirements.

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“…This suggests that sizable additional outlays on human capital could effectively alleviate poverty (Romer, 2016;Estache and Garsous, 2012). Rapid urbanization and the maintenance of growth momentum, call for improvement of energy and transport infrastructure (Ellis and Roberts, 2016;Inderst, 2016;Battacharya, 2012;ADB, 2009;2012;Andres et al, 2014).…”

Section: What Are the Remaining Investment Needs In The Sar Region?mentioning

confidence: 99%

“…However, in South Asia, only India appears to have experienced a positive crowding-in effect (Sathanapriya and Jesintha, 2011;World Bank, 2006). Financing for public and private investment can be expanded in a number of ways to narrow the investment financing gap (Andres et al, 2014;McKinsey Global Institute, 2013;ADB, 2009;2012). 6.…”

Section: Which Policies Can Help Address Infrastructure Needs In the mentioning

confidence: 99%

Regional dimensions of recent investment weakness: Facts, investment needs and policy responses

Vashakmadze¹,

Kambou²,

Chen³

et al. 2018

J Infrastruct Policy Dev

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Investment growth in many emerging market and developing economies (EMDEs) has slowed sharply since 2010. Investment growth performance has varied significantly across different regions, however. This paper examines the evolution of investment growth in six EMDE regions, documents remaining investment needs, especially for infrastructure, and presents a set of region-specific policy responses to address these needs. It reports three main findings. First, investment growth has been particularly weak in EMDE regions hosting a large number of commodity exporters. In regions with a substantial number of commodity-importing economies, investment growth has been somewhat resilient but has also declined steadily since 2010. Second, sizable investment needs remain in most EMDE regions to make room for expanding economic activity and rapid urbanization. A large portion of these investment needs is in infrastructure and human capital. Finally, while specific policy priorities vary across regions, several policy options to address remaining investment needs apply universally. These include more, and more efficient, public investment and measures to improve overall growth prospects and the business climate. Improved project selection and monitoring, as well as better governance, may enhance the efficiency and benefits from public investment.

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Infrastructure Gap in South Asia: Infrastructure Needs, Prioritization, and Financing

Cited by 35 publications

References 22 publications

Policymakers' Decisions on Public-Private Partnership Use: The Role of Institutions and Fiscal Constraints

Policymakers' Decisions on Public-Private Partnership Use: The Role of Institutions and Fiscal Constraints

Academic research in emerging knowledge-based economies

Regional dimensions of recent investment weakness: Facts, investment needs and policy responses

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