Infrastructure Investment Demands in Emerging Markets and Developing Economies

• Tác giả: Fernanda Ruiz-Nuñez
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.9 Economic development and growth
• Thông tin xuất bản: World Bank, Washington, DC, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 306137
• Chủ đề: 1. GROWTH RATES; 2. MARKET COUNTRIES; 3. PROFIT MAXIMIZATION; 4. SANITATION; 5. URBAN TRANSPORT

Tóm tắt

The authors have assembled 1960-2012 infrastructure stock data from 145 countries to estimate the demand for infrastructure services in emerging markets and developing economies. This paper identifies that the required resource flows to satisfy new demand while maintaining service for existing infrastructure amounts to 36 billion or 6.1 percent of current gross domestic product per year over the period 2014-20. The annual infrastructure investment gap for emerging markets and developing economies is 52 billion per year, which implies that emerging markets and developing economies should almost double their current spending. The paper also estimates that half of the spending should be allocated to maintenance of existing assets. Acknowledging the challenges to compare infrastructure investment estimates across different methodologies, the authors recognize this result as a lower bound estimate and compare the results with others available in the literature.