Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America
Includes bibliography
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2014
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oai-11362-54232020-11-19T01:58:04Z Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America Cárcamo-Díaz, Rodrigo NU. CEPAL. División de Desarrollo Económico ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE Includes bibliography Multinational transport infrastructure (MTI) projects are fraught with coordination issues. This paper contributes by identifying the key issues necessary for effective MTI coordination, analyzing them using economic theory and putting them into perspective within the framework of major ongoing coordination efforts for MTI in Europe and Latin America. Specifically, this paper carries out the following. First, after mentioning the importance of transport infrastructure for growth and integration, we describe the characteristics of transport networks that make coordination essential. Second, we motivate the need for public funding of MTI projects. Third, we analyze interaction between countries in MTI projects using game theory, highlighting how coordination problems arise in both static and dynamic settings, focusing on the Stag Hunt and iterative-move coordination games under perfect information. Fourth, we evaluate the experience of the Trans-European Transport Networks (TEN-T), a key element of European transport policy, trying to identify lessons that might be useful for ongoing coordination efforts in Latin America. Fifth, we review the Initiative for the Integration of Regional Infrastructure in South America (IIRSA), describing how it works and how it has contributed to coordination of MTI projects. Sixth, we present policy implications derived from our analysis of economic theory and both the European and South American coordination experiences, specifically proposing how the coordination solutions that have been put in place in IIRSA could be improved through better evaluation and selection of MTI projects, measures aimed at easing the binding financial constraints, and closer coordination between governments. Finally, we conclude with a discussion that brings together the main results and implications of the paper, and suggests avenues for future work. 2014-01-02T16:11:57Z 2014-01-02T16:11:57Z 2007-01 Texto Documento Completo 9789211216219 http://hdl.handle.net/11362/5423 LC/L.2660-P en Serie Macroeconomía del Desarrollo 56 application/pdf AMERICA LATINA LATIN AMERICA ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE |
| spellingShingle |
ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE Cárcamo-Díaz, Rodrigo Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| description |
Includes bibliography |
| author2 |
NU. CEPAL. División de Desarrollo Económico |
| author_facet |
NU. CEPAL. División de Desarrollo Económico Cárcamo-Díaz, Rodrigo |
| format |
Texto |
| author |
Cárcamo-Díaz, Rodrigo |
| author_sort |
Cárcamo-Díaz, Rodrigo |
| title |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_short |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_full |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_fullStr |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_full_unstemmed |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_sort |
coordination of public expenditure in transport infrastructure: analysis and policy perspectives for latin america |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/5423 |
| work_keys_str_mv |
AT carcamodiazrodrigo coordinationofpublicexpenditureintransportinfrastructureanalysisandpolicyperspectivesforlatinamerica |
| _version_ |
1718433444660248576 |