Public Financing of Infrastructure in Asia: In Search of New Solutions
Rillo, Aladdin D.; Ali, Zulfiqar | April 2017
Abstract
Infrastructure development is critical for sustainable economic growth and productivity in developing countries. According to a joint study (2009) by the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI), differences in infrastructure development account for a third of the overall difference in output per worker between Latin America and East Asia. They are also linked to rising incomes of the poor, reduced infant mortality, increased school attendance, and extended learning hours (JBIC Today 2005). Survey results from the ADB and ADBI study (2009) reveal that access to roads and electricity was associated with increases in income in Thailand, lower poverty rates in India and Viet Nam, and better health outcomes in Indonesia. The empirical literature also strongly supports the positive contribution of infrastructure in reducing economic disparities both within and across the countries and regions. As many studies have analyzed, the macroeconomic effects of infrastructure in developing countries with capacity constraints are often undermined by lack of critical infrastructure in key economic sectors.
Citation
Rillo, Aladdin D.; Ali, Zulfiqar. 2017. Public Financing of Infrastructure in Asia: In Search of New Solutions. © Asian Development Bank Institute. http://hdl.handle.net/11540/7285.Keywords
Ports
Education
Ports
Education
Rural planning
Regional development bank
Project finance
Strategic planning
Infrastructure projects
Government programs
Public finance
Public enterprises
Asian Development Bank
Development
Rural Development
Public Sector
Public Sector Management
Development Cooperation
Development Goals
Organization For Economic Cooperation & Development
Public Sector Projects
Infrastructure
Partnership
Power
Communication in rural development
Rural enterprise zones
Communication in community development
Social participation
Development banks
Community banks
Partnership
Joint venture
Economic development
Public works
Administrative agencies
Show allCollapse