The Effects of Country Risk and Conflict on Infrastructure PPPs

The Effects of Country Risk and Conflict on Infrastructure PPPs

Through an empirical analysis of the relationship between private participation in infrastructure and country risk, the paper shows that country risk ratings are a reliable predictor of infrastructure investment levels in developing countries. The...

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Bibliographic Details
Main Authors:	Araya, Gonzalo, Schwartz, Jordan, Andres, Luis
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TO BANK ACCESS TO CAPITAL ACCESS TO CAPITAL MARKETS AFFILIATED ORGANIZATIONS AIRPORTS ASSET SALES ASSURANCE AUCTIONS BANK POLICY BUS CAPITAL ASSETS CAPITAL MARKETS COUNTRY RISK COUNTRY RISKS CREDIT ENHANCEMENTS CREDIT RATINGS CREDIT WORTHINESS CURRENCY CURRENCY DEPRECIATION DEBT RESTRUCTURING DEVELOPING COUNTRIES DEVELOPING COUNTRY DISBURSEMENT DISBURSEMENTS DIVIDENDS ECONOMIC PERFORMANCE ECONOMIC RISKS ECONOMICS EXCHANGE RATE EXPOSURE EXPROPRIATION FIXED EFFECT MODEL FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN INVESTMENT FOREIGN INVESTORS GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE HIGHWAYS INCOME INFLATION INFLATION RISKS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INTERNATIONAL BANK INVESTING INVESTMENT BY SECTOR INVESTMENT COMMITMENTS INVESTMENT OPPORTUNITY INVESTMENT POLICIES INVESTMENT REQUIREMENTS LEVEL OF COMMITMENT LEVEL OF COMMITMENTS LONG-TERM INVESTMENTS MACROECONOMIC VARIABLES MARKET INTEREST MARKET SIZE MONETARY INSTABILITY NATIONAL DEBT NONPAYMENT OFFERINGS OPERATIONAL EFFICIENCIES POLITICAL ECONOMY POLITICAL RISK POLITICAL RISK INSURANCE POLITICAL STABILITY PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRIVATE CAPITAL PRIVATE EQUITY PRIVATE FINANCING PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATIZATIONS PROFIT MARGINS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICIES PUBLIC POLICY PUBLIC UTILITY PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS QUANTITATIVE ANALYSIS RAIL RAILROADS RAPID TRANSIT RAPID TRANSIT SYSTEMS RATES OF RETURN RENEGOTIATIONS RETURNS RISK INSURANCE RISK PROFILES ROAD ROADS RULE OF LAW SANITATION SHORT-TERM FINANCE SOCIAL DEVELOPMENT SOVEREIGN RISK SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TOLL TOLL ROADS TRADE BALANCE TRAFFIC TRANSPORT TRANSPORT SECTOR URBAN DEVELOPMENT WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2013/08/18108361/effects-country-risk-conflict-infrastructure-ppps http://hdl.handle.net/10986/16002

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