Private Costs and Public Infrastructure: The Mexican Case Russell D. Murphy

ISBN: 9786613802408

Published: October 1st 2001

ebook

78 pages


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Private Costs and Public Infrastructure: The Mexican Case  by  Russell D. Murphy

Private Costs and Public Infrastructure: The Mexican Case by Russell D. Murphy
October 1st 2001 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, ZIP | 78 pages | ISBN: 9786613802408 | 8.41 Mb

One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a developing economy, the scope for payoffs to investments of this sort may be particularly large. A major concern related to theMoreOne objective of government investment is to develop public infrastructure which may reduce private sector costs. In a developing economy, the scope for payoffs to investments of this sort may be particularly large. A major concern related to the recent fiscal adjustment in Mexico is that it has been carried out, in part, by depleting public infrastructure stocks.We estimate the effects of public infrastructure on private sector costs in Mexico and calculate the implied optimal infrastructure stocks.

Our estimates indicate that previous results suggesting a large productive role of public infrastructure capital are not robust. There is little evidence that public infrastructure plays a large role in reducing private sector costs.



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