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| Acknowledgments | |
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| Introduction | |
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| Latin America's Infrastructure in the Era of Macroeconomic Crises | |
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| The Output Cost of Latin America's Infrastructure Gap | |
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| Infrastructure Compression and Public Sector Solvency in Latin America | |
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| Macroeconomic Effects of Private Sector Participation in Infrastructure | |
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| Regulation and Private Sector Participation in Infrastructure | |
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| Acronyms and Abbreviations | |
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| Index | |
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| Figures | |
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| Comparative Performance in Infrastructure Stocks | |
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| Power Generating Capacity by Region, 1980-97 | |
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| Power Generating Capacity per Worker by Country, 1980 and 1997 | |
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| Length Comparisons of Transportation Routes | |
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| Road Length per Worker by Country, 1980 and 1997 | |
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| Access to Clean Water, 1985-93 | |
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| Infrastructure Quality and Excess Demand | |
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| Power Losses by Region, 1980-97 | |
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| Power Losses by Country, 1980 and 1997 | |
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| Comparisons of Surface Transportation Quality | |
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| Total Investment in Infrastructure in Selected Latin American Countries, 1980-98 | |
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| Investment in Infrastructure in Selected Latin American Countries, by Sector, 1980-98 | |
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| Public Investment in Infrastructure in Selected Latin American Countries, 1980-98 | |
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| Public Investment in Infrastructure and Noninfrastructure, by Country | |
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| Public Investment in Infrastructure, by Sector and by Country | |
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| Private Investment in Infrastructure in Selected Latin American Countries, 1980-98 | |
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| Private Investment in Infrastructure and Noninfrastructure, by Country | |
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| Private Investment in Infrastructure, by Sector and by Country | |
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| Private Investment Per Capita around the Date of Reform in Selected Country, by Sector | |
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| Infrastructure Quality and the Private Share of Investment in Infrastructure | |
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| Infrastructure Accumulation and Growth, 1960-97 | |
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| Annual Average Share of Private Investment in Total Infrastructure Investment in Selected Latin American Countries, by Sector | |
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| Average Annual Investment in Infrastructure in Selected Latin American Countries, by Sector | |
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| Tables | |
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| The Contribution of Infrastructure Compression to Fiscal Adjustment, Average 1980-84 versus Average 1995-98 | |
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| Regression of Public Infrastructure Investment/GDP on the Primary Balance/GDP | |
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| Infrastructure Reform Dates | |
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| Correlation between Public and Private Infrastructure Investment, by Sector | |
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| Regressions of Public Infrastructure Investment/GDP on Private Infrastructure Investment/GDP | |
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| Relationship between Physical Stocks and Investment Spending in Infrastructure | |
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| Relationship between Physical Stocks, Public and Private Investment Spending in Infrastructure | |
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| Private Participation and Infrastructure Quality | |
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| Telephone Service Variables | |
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| Summary of Coverage and Availability of Telephone Service Indicators | |
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| Telecommunications Indicators: Time-Series Coverage by Region | |
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| Variables Used as Proxies for Energy | |
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| Energy Indicators: Time-Series Coverage by Region | |
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| Sanitation and Sewerage Indicators: Time-Series Coverage by Region | |
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| Indicators for Roads | |
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| Other Indicators for Roads | |
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| Indicators for Irrigation | |
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| Irrigation: Time-Series Coverage by Region | |
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| Roads and Railways: Time-Series Data for Selected Regions | |
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| Public Sector Definitions Used in the Figures of Public Investment in Infrastructure | |
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| Definition of the Transport Sector | |
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| Infrastructure Reform Laws | |
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| Sale and/or Concession of Public Enterprises in Infrastructure Sectors | |
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| Greenfield Projects in Infrastructure Sectors | |
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| The Widening Infrastructure Gap, Latin America versus East Asia | |
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| Sample Correlations | |
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| Infrastructure-Augmented Production Function: Alternative Estimates | |
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| Alternative GMM Estimates | |
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| First-Difference GMM Estimates of Alternative Specifications | |
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| Elasticity of Output per Worker with Respect to Capital per Worker | |
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| The Infrastructure Gap and the Output Gap: Contribution of Various Inputs to the Change in Relative GDP per Worker, Latin America versus East Asia, 1980-97 | |
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| The Infrastructure Gap and the Output Gap: Contribution of the Change in Relative Infrastructure Stocks to the Change in Relative GDP per Worker, East Asia versus Selected Latin American Countries, 1980-97 | |
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| Taxes and Growth: Panel Data Regression Analysis | |
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| Government Spending and Growth: Panel Data Regression Analysis | |
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| Impact on the Annuity Value of Net Worth of a Cut in Infrastructure Investment by 1 Percent of GDP | |
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| Partial-Equilibrium Effect of Actual Infrastructure Investment Changes on the Annuity Value of Public Net Worth, 1980-84 versus 1995-98 | |
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| Panel Unit Root Tests, Government Revenues, Government Spending, and Real Output | |
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| Main Macroeconomic Variables: Levels and Ranking | |
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| First Year for Private Participation in Utilities and Transport | |
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| Average Value of the Institutional Variables between 1985 and 1998 | |
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| Effects of PPI on GDP Per Capita (Model 1) | |
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| Effects of PPI on GDP Per Capita (Model 2) | |
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| Effects of PPI on Private Investment (Model 1) | |
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| Effects of PPI on Private Investment (Model 2) | |
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| Effects of PPI on Private Investment Defined as Gross Domestic Investment Minus Public Investment (Model 1) | |
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| Effects of PPI on Public Investment (Model 1) | |
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| Effects of PPI on Public Investment (Model 2) | |
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| Effects of PPI on Recurrent Public Expenditures (Model 1) | |
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| Effects of PPI on Public Expenditures (Model 2) | |
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| Summary of Signs of Average Macroeconomic Effects of PPI | |
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| Data Sources | |
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| Country Fixed Effects Estimation | |
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| Fixed Effects Regressions by Sector | |
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| Descriptive Statistics | |
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| Descriptive Statistics if Regulatory Body Exists | |
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| Correlation Matrix for Complete Data Set | |
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| Correlation Matrix for Regulatory Variables | |
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| Public and Private Investment before and after the Passage of Reform Legislation | |
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| Aspects of Regulatory Structure, by Country and by Sector | |