Decentralizing Infrastructure

Author : Antonio Estache
Publisher : World Bank Publications
ISBN 13 : 9780821333358
Total Pages : 132 pages
Book Rating : 4.56/5 ( download)

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Download or read book Decentralizing Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 1995 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Discussion Paper No. 286. This report was commissioned as part of a project on the effectiveness of credit policies in East Asian countries. In the Republic of Korea, the government has played a pervasive role in promoting industrialization and economic development. The report documents the use of directed credit programs and highlights what made government intervention effective: its close consultation with industry, the existence of a competitive business environment, and a strong monitoring and evaluation system. The report notes the risk-sharing arrangements developed by Korean policymakers and the flexible adaptation of directed credit programs to the changing needs of the Korean economy. The authors also emphasize the long-term costs of reliance on directed credit programs and the measures taken in recent years to redirect the programs' objectives and redress the imbalances that have arisen along Korea's path to economic development.

Author : Antonio Estache
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)

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Download or read book Decentralizing Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 1995 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Discussion Paper No. 286. This report was commissioned as part of a project on the effectiveness of credit policies in East Asian countries. In the Republic of Korea, the government has played a pervasive role in promoting industrialization and economic development. The report documents the use of directed credit programs and highlights what made government intervention effective: its close consultation with industry, the existence of a competitive business environment, and a strong monitoring and evaluation system. The report notes the risk-sharing arrangements developed by Korean policymakers and the flexible adaptation of directed credit programs to the changing needs of the Korean economy. The authors also emphasize the long-term costs of reliance on directed credit programs and the measures taken in recent years to redirect the programs' objectives and redress the imbalances that have arisen along Korea's path to economic development.

Author : Jonas Frank
Publisher : Routledge
ISBN 13 : 1317438582
Total Pages : 497 pages
Book Rating : 4.88/5 ( download)

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Download or read book Decentralization and Infrastructure in the Global Economy written by Jonas Frank and published by Routledge. This book was released on 2015-07-03 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subnational dimension of infrastructure has emerged as one of the greatest challenges in contemporary public finance policy and management. Ensuring the efficient provision of infrastructure represents a challenge for all countries irrespective of their level of centralization or decentralization. This book proposes an innovative approach for the strengthening of decentralized public investment and infrastructure management. Decentralization and Infrastructure in the Global Economy: From Gaps to Solutions covers the most important aspects of infrastructure investment in a decentralized setting. It discusses infrastructure gaps and the quality of subnational spending; how functional responsibilities, financing and equalization can be designed; sector-specific arrangements in high expenditure areas, such as health, education and roads; key steps of the public investment cycle and management; and analyses the political economy and corruption challenges that typically accompany decentralized infrastructure projects. This book challenges some of the well-accepted principles of intergovernmental fiscal relations and will be useful to researchers and practitioners of public finance policy and management.

Author : Richard Bird
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.77/5 ( download)

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Download or read book Decentralizing Infrastructure written by Richard Bird and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decentralization-- or rather the realization that the optimal decisionmaking structure in the public sector is almost certainly noncentralized (polycentric)-- may in principle yield a more efficient and equitable pattern of infrastracture investment and use than the overcentralized and unresponsive public sector found in many developing countries. But it will do so in practice only if it is properly implemented along the lines sketched in this paper.

Author : Antonio Estache
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Download or read book Does Decentralization Increase Spending on Public Infrastructure? written by Antonio Estache and published by World Bank Publications. This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: May 1995 Decentralization tends to increase both total and subnational spending on public infrastructure. Why this is so is not clear -- possibly because subnational governments' choices in terms of quality and quantity of infrastructure differ from central governments' choices. It is commonly argued that when the benefits of an infrastructure service are mostly local and there is little scope for economies of scale -- as in urban transit, road maintenance, water supply, and solid waste management -- decentralization is the most effective way to deliver service. Those services have been decentralized in many countries, and many others are rapidly decentralizing. The central government is still responsible for many other infrastructure services, such as power and telecommunications, but this too is changing as the responsibility is increasingly transferred to subnational governments. Recent technological innovations reduce the need for services to be provided by monopolistic utilities. Power generation and distribution can now be handled competitively by decentralized units, and parts of some local telephone monopolies will increasingly meet competition from wireless telephones and rival wireline systems. How has increased decentralization affected spending levels on infrastructure? The outcome reflects the net outcome of opposing effects. Spending increases if the subnational government makes infrastructure a higher priority than the federal government did, if they are less effective at delivering services, or if they give up the benefits of economies of scale to get more autonomy. Spending decreases if they assign infrastructure a lower priority, or if most projects are more cost-effective. In their analysis, Estache and Sinha focus on spending levels and ignore the reasons these levels change, so no conclusions can be made about whether decentralization makes spending more or less efficient. Among the conclusions they offer: * Decentralization tends to increase both total and subnational spending on infrastructure -- possibly because the preferences of subnational governments in terms of quality and quantity of infrastructure are different from the central government's preferences. * The conventional wisdom is true: For decentralization, policymakers everywhere must guarantee a balance between revenue and spending assignment. A good way to offset the impact of decentralization on spending levels is to increase the imbalance between revenue and spending assignments. * Be careful about applying lessons learned in industrial countries to decentralization in developing countries. What happens in industrial countries may help assess the decentralization's impact on total spending in developing countries, because the elasticity of per capita infrastructure spending is roughly similar in both countries (about 0.3 in developing countries and about 0.2 in industrial countries). But that is not a good indicator for subnational spending, for which the elasticity is greater than 1 in developing countries (between 1.1 and 1.3, depending on how decentralization is measured) and less than 1 in industrial countries (between 0.7 and 0.9). This paper -- a product of the Office of the Vice President, Development Economics -- is a background paper for World Development Report 1994 on infrastructure.

Author : Antonio Estache
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.66/5 ( download)

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Download or read book Does Decentralization Increase Spending on Public Infrastructure? written by Antonio Estache and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Elisa Muzzini
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.51/5 ( download)

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Download or read book Decentralizing Infrastructure Services written by Elisa Muzzini and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Decentralization is the transfer of responsibilities from the central government to subnational agencies empowered to act as increasingly autonomous entities within their geographical and functional domains. In theory, decentralizing infrastructure services can deliver efficiency gains when service benefits accrue mainly to the local population-such as in water and sanitation, urban transit, and waste management. Subnational agencies are indeed better placed than the central government to tailor infrastructure services to the needs of local constituencies (allocative efficiency) and deliver them at lower costs (productive efficiency). In practice, the economic benefits of decentralized infrastructure services are by no means a given, as they are contingent upon effective coordination among tiers of governments (regional coordination) and accountability mechanisms for results achieved.

Author : Shyamnal Chowdhury, Futoshi Yamauchi, Reno Dewina
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Download or read book Governance decentralization and local infrastructure provision in Indonesia written by Shyamnal Chowdhury, Futoshi Yamauchi, Reno Dewina and published by Intl Food Policy Res Inst. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Roy Bahl
Publisher :
ISBN 13 : 9780772709202
Total Pages : 53 pages
Book Rating : 4.03/5 ( download)

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Download or read book Decentralization and Infrastructure in Developing Countries written by Roy Bahl and published by . This book was released on 2000 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Patricia Clarke Annez
Publisher : World Bank Publications
ISBN 13 : 0821375253
Total Pages : 122 pages
Book Rating : 4.59/5 ( download)

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Download or read book Lessons for the Urban Century written by Patricia Clarke Annez and published by World Bank Publications. This book was released on 2008-01-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world?s urban population doubled between 1970 and 2008, growing from 1.5 billion to 3 billion people. Future world population growth will be concentrated in developing countries?the majority in medium-size and smaller cities and towns. International institutions and governments alike face the challenge of efficiently financing the massive investment in infrastructure required to support this urban growth. The Urban Infrastructure Fund (UIF) is a tool designed to meet this need. Responsibility for subproject oversight, credit assessment, financial management reform, and other critical tasks.