Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 65(56/2007)
cepal.callNumberLC/L.2660-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade27809
cepal.jobNumberS0700021 E
cepal.physicalDescriptiongráficos, tablas
cepal.projectProyecto Red de Diálogo Macroeconómico (REDIMA) Fase II CEC/05/001
cepal.regionalOfficeSantiago
cepal.saleNumber07.II.G.11
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngREGIONAL INTEGRATION
cepal.topicEngPUBLIC INCOME AND EXPENDITURE
cepal.topicEngINFRASTRUCTURE
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaINTEGRACIÓN REGIONAL
cepal.topicSpaINGRESOS Y GASTOS PÚBLICOS
cepal.topicSpaINFRAESTRUCTURA
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngSTATISTICS
cepal.workareaEngNATURAL RESOURCES
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaESTADÍSTICAS
cepal.workareaSpaRECURSOS NATURALES
dc.contributor.authorCárcamo-Díaz, Rodrigo
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.contributor.institutionComisión Europea
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T16:11:57Z
dc.date.available2014-01-02T16:11:57Z
dc.date.issued2007-01
dc.descriptionIncludes bibliography
dc.description.abstractMultinational 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.
dc.formatTexto
dc.format.extent81 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9789211216219
dc.identifier.unSymbolLC/L.2660-P
dc.identifier.urihttps://hdl.handle.net/11362/5423
dc.language.isoeng
dc.physicalDescription81 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo56
dc.rights.coarDisponible
dc.subject.unbisEngCOST-BENEFIT ANALYSIS
dc.subject.unbisEngECONOMIC INTEGRATION
dc.subject.unbisEngPUBLIC EXPENDITURES
dc.subject.unbisEngTRANSPORT INFRASTRUCTURE
dc.subject.unbisEngTRANSPORT POLICY
dc.subject.unbisEngTRANSPORT
dc.subject.unbisEngPHYSICAL INFRASTRUCTURE
dc.subject.unbisSpaANALISIS COSTO-BENEFICIO
dc.subject.unbisSpaGASTOS PUBLICOS
dc.subject.unbisSpaINFRAESTRUCTURA DEL TRANSPORTE
dc.subject.unbisSpaINTEGRACION ECONOMICA
dc.subject.unbisSpaPOLITICA DE TRANSPORTE
dc.subject.unbisSpaTRANSPORTE
dc.subject.unbisSpaINFRAESTRUCTURA FISICA
dc.titleCoordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication6fc48ca8-a1cf-42a2-9670-03784135876e
relation.isAuthorOfPublication.latestForDiscovery6fc48ca8-a1cf-42a2-9670-03784135876e
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