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Mr. Bernardin Akitoby, Mr. Gerd Schwartz, and Mr. Richard Hemming

Abstract

Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?

Mr. Bernardin Akitoby, Mr. Gerd Schwartz, and Mr. Richard Hemming

Abstract

Durante las últimas tres décadas, el gasto público en infraestructura, como porcentaje del PIB, ha estado disminuyendo en todo el mundo. Aunque la relación entre la inversión en infraestructura y el crecimiento económico aún no se comprende cabalmente, la calidad de la infraestructura afecta sin lugar a dudas a la productividad de un país, la competitividad en los mercados de exportación y la capacidad para atraer inversiones extranjeras. Este estudio analiza las siguientes preguntas: ¿Deberían los países aumentar la inversión pública en infraestructura? Si la respuesta es sí, ¿cómo pueden hacerlo de una manera que sea responsable desde el punto de vista fiscal? ¿Son las asociaciones público-privadas una alternativa viable?

Mr. Bernardin Akitoby, Mr. Gerd Schwartz, and Mr. Richard Hemming

Abstract

Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?

Mr. Bernardin Akitoby, Mr. Gerd Schwartz, and Mr. Richard Hemming

Abstract

Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?

Mr. Bernardin Akitoby, Mr. Gerd Schwartz, and Mr. Richard Hemming

Abstract

Depuis trois décennies, les dépenses publiques en infrastructure diminuent proportionnellement au PIB dans le monde entier. Le lien entre l'investissement dans les infrastructures et la croissance économique n'a pas encore livré tous ses secrets ; mais il est clair que la qualité de l’infrastructure physique affecte la productivité, la compétitivité sur les marchés extérieurs et la capacité d’un pays à attirer l’investissement étranger. Ce numéro des Dossiers économiques aborde les questions suivantes : les pays devraient-ils accroître l’investissement public dans l’infrastructure ? Si oui, comment peuvent-ils le faire d’une manière financièrement responsable ? Les partenariats public–privé représentent-ils une solution viable ?

Mr. Bernardin Akitoby, Mr. Gerd Schwartz, and Mr. Richard Hemming

Abstract

Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, how can they do so in a fiscally responsible manner? Are public-private partnerships a viable alternative?

International Monetary Fund

Abstract

Open market operations are the major instruments of monetary control in industrial countries and are becoming important in developing countriesand countries in transition. This paper shows how open market operationsare related to other monetary instruments, discusses the role of the market and of the central bank, and takes a brief, practical look at howopen market operations are actually conducted.