Infrastructure Investment Demands in Emerging Markets and Developing Economies

The authors have assembled 1960–2012 infrastructure stock data from 145 countries to estimate the demand for infrastructure services in emerging markets and developing economies. This paper identifies that the required resource flows to satisfy new...

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Main Authors:	Ruiz-Nuñez, Fernanda, Wei, Zichao
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	URBAN TRANSPORT SANITATION PROFIT MAXIMIZATION GROWTH RATES MARKET COUNTRIES WATER SERVICES TRANSPORT SECTOR INCOME FLOWS ECONOMIC GROWTH ACCOUNTING INFRASTRUCTURE SERVICES STOCK TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES GOVERNMENT SPENDING INDUSTRY GENERATION EXCHANGE DEPRECIATION RATE ELASTICITY OF DEMAND SERVICES DEVELOPING COUNTRIES TREND ELASTICITY INFRASTRUCTURE DEVELOPMENT PUBLIC INFRASTRUCTURE CAPITAL STOCK TRAFFIC AIRPORTS STOCK DATA INFRASTRUCTURE SECTOR LONG-TERM INVESTMENT MARKET ACCESS INVESTMENT PROCESS INFLATION INTERNATIONAL BANK INFRASTRUCTURE SPENDING DEVELOPING COUNTRY MAINTENANCE COSTS EMERGING MARKET ECONOMIES DRIVERS OPEN ACCESS CENTRAL BANK EMERGING MARKET COUNTRIES GENERATION CAPACITY ROAD CONTAINERIZATION COSTS TELECOMMUNICATIONS TRANSPORT POWER SECTOR TELEPHONE LINES INCOME GROWTH INVESTMENT REQUIREMENT GLOBALIZATION EMERGING MARKET MARKETS PRIVATE INVESTMENT INFLATION RATE ASSET REPLACEMENT INDICATORS NATIONAL INFRASTRUCTURE CAPITAL EXPENDITURE ECONOMIC TARGETS PRIVATE FINANCE PORTS GROSS DOMESTIC PRODUCT INVENTORY FINANCE BANK POLICY INFRASTRUCTURE MARKET ECONOMIES EXPENDITURE ECONOMIC GROWTH RATE INFRASTRUCTURE INVESTMENT EMERGING MARKETS HUMAN CAPITAL TELEPHONE SERVICE GOOD TRANSPORTATION CLIMATE CHANGE POLICIES ELECTRICITY DEMAND FUTURE INFRASTRUCTURE FINANCING LAND TRANSPORT POWER BANK INFRASTRUCTURE INVESTMENT REQUIREMENTS POPULATION DENSITY ELECTRICITY GENERATION PRICE LEVEL INVESTMENT FINANCING SANITATION SECTOR FINANCING REQUIREMENTS EXPENDITURES SHARES MARKET INFRASTRUCTURE PROJECTS ECONOMICS OM ROADS ENERGY EFFICIENCY INFRASTRUCTURE INVESTMENTS MACROECONOMIC VARIABLES ECONOMIC DEVELOPMENT RAILWAYS GOODS SANITATION SERVICES EDUCATION STOCKS INVESTMENT FUTURE DEMAND SHARE POVERTY INTERNATIONAL ENERGY RAIL INVESTMENT REQUIREMENTS MOBILE PHONES PROFIT INVESTMENTS FIRST ORDER CONDITION ELECTRICITY PRODUCTION PRICES DEVELOPMENT BANK INCOME LEVEL SWAP INVESTING
Online Access:	http://documents.worldbank.org/curated/en/2015/09/25057696/infrastructure-investment-demands-emerging-markets-developing-economies http://hdl.handle.net/10986/22670

id	okr-10986-22670
recordtype	oai_dc
spelling	okr-10986-226702021-04-23T14:04:10Z Infrastructure Investment Demands in Emerging Markets and Developing Economies Ruiz-Nuñez, Fernanda Wei, Zichao URBAN TRANSPORT SANITATION PROFIT MAXIMIZATION GROWTH RATES MARKET COUNTRIES WATER SERVICES TRANSPORT SECTOR INCOME FLOWS ECONOMIC GROWTH ACCOUNTING INFRASTRUCTURE SERVICES STOCK TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES GOVERNMENT SPENDING INDUSTRY GENERATION EXCHANGE DEPRECIATION RATE ELASTICITY OF DEMAND SERVICES DEVELOPING COUNTRIES TREND ELASTICITY INFRASTRUCTURE DEVELOPMENT PUBLIC INFRASTRUCTURE CAPITAL STOCK TRAFFIC AIRPORTS STOCK DATA INFRASTRUCTURE SECTOR LONG-TERM INVESTMENT MARKET ACCESS INVESTMENT PROCESS INFLATION INTERNATIONAL BANK INFRASTRUCTURE SPENDING DEVELOPING COUNTRY MAINTENANCE COSTS EMERGING MARKET ECONOMIES DRIVERS OPEN ACCESS CENTRAL BANK EMERGING MARKET COUNTRIES GENERATION CAPACITY ROAD CONTAINERIZATION COSTS TELECOMMUNICATIONS TRANSPORT POWER SECTOR TELEPHONE LINES INCOME GROWTH INVESTMENT REQUIREMENT GLOBALIZATION EMERGING MARKET MARKETS PRIVATE INVESTMENT INFLATION RATE ASSET REPLACEMENT INDICATORS NATIONAL INFRASTRUCTURE CAPITAL EXPENDITURE ECONOMIC TARGETS PRIVATE FINANCE PORTS GROSS DOMESTIC PRODUCT INVENTORY FINANCE BANK POLICY INFRASTRUCTURE MARKET ECONOMIES EXPENDITURE ECONOMIC GROWTH RATE INFRASTRUCTURE INVESTMENT EMERGING MARKETS HUMAN CAPITAL TELEPHONE SERVICE GOOD TRANSPORTATION CLIMATE CHANGE POLICIES ELECTRICITY DEMAND FUTURE INFRASTRUCTURE FINANCING LAND TRANSPORT POWER BANK INFRASTRUCTURE INVESTMENT REQUIREMENTS POPULATION DENSITY ELECTRICITY GENERATION PRICE LEVEL INVESTMENT FINANCING SANITATION SECTOR FINANCING REQUIREMENTS EXPENDITURES SHARES MARKET INFRASTRUCTURE PROJECTS ECONOMICS OM ROADS ENERGY EFFICIENCY INFRASTRUCTURE INVESTMENTS MACROECONOMIC VARIABLES ECONOMIC DEVELOPMENT RAILWAYS GOODS SANITATION SERVICES EDUCATION STOCKS INVESTMENT FUTURE DEMAND SHARE POVERTY INTERNATIONAL ENERGY RAIL INVESTMENT REQUIREMENTS MOBILE PHONES PROFIT INVESTMENTS FIRST ORDER CONDITION ELECTRICITY PRODUCTION PRICES DEVELOPMENT BANK INCOME LEVEL SWAP INVESTING The authors have assembled 1960–2012 infrastructure stock data from 145 countries to estimate the demand for infrastructure services in emerging markets and developing economies. This paper identifies that the required resource flows to satisfy new demand while maintaining service for existing infrastructure amounts to $836 billion or 6.1 percent of current gross domestic product per year over the period 2014–20. The annual infrastructure investment gap for emerging markets and developing economies is $452 billion per year, which implies that emerging markets and developing economies should almost double their current spending. The paper also estimates that half of the spending should be allocated to maintenance of existing assets. Acknowledging the challenges to compare infrastructure investment estimates across different methodologies, the authors recognize this result as a lower bound estimate and compare the results with others available in the literature. 2015-09-23T20:46:20Z 2015-09-23T20:46:20Z 2015-09 Working Paper http://documents.worldbank.org/curated/en/2015/09/25057696/infrastructure-investment-demands-emerging-markets-developing-economies http://hdl.handle.net/10986/22670 English en_US Policy Research Working Paper;No. 7414 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	URBAN TRANSPORT SANITATION PROFIT MAXIMIZATION GROWTH RATES MARKET COUNTRIES WATER SERVICES TRANSPORT SECTOR INCOME FLOWS ECONOMIC GROWTH ACCOUNTING INFRASTRUCTURE SERVICES STOCK TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES GOVERNMENT SPENDING INDUSTRY GENERATION EXCHANGE DEPRECIATION RATE ELASTICITY OF DEMAND SERVICES DEVELOPING COUNTRIES TREND ELASTICITY INFRASTRUCTURE DEVELOPMENT PUBLIC INFRASTRUCTURE CAPITAL STOCK TRAFFIC AIRPORTS STOCK DATA INFRASTRUCTURE SECTOR LONG-TERM INVESTMENT MARKET ACCESS INVESTMENT PROCESS INFLATION INTERNATIONAL BANK INFRASTRUCTURE SPENDING DEVELOPING COUNTRY MAINTENANCE COSTS EMERGING MARKET ECONOMIES DRIVERS OPEN ACCESS CENTRAL BANK EMERGING MARKET COUNTRIES GENERATION CAPACITY ROAD CONTAINERIZATION COSTS TELECOMMUNICATIONS TRANSPORT POWER SECTOR TELEPHONE LINES INCOME GROWTH INVESTMENT REQUIREMENT GLOBALIZATION EMERGING MARKET MARKETS PRIVATE INVESTMENT INFLATION RATE ASSET REPLACEMENT INDICATORS NATIONAL INFRASTRUCTURE CAPITAL EXPENDITURE ECONOMIC TARGETS PRIVATE FINANCE PORTS GROSS DOMESTIC PRODUCT INVENTORY FINANCE BANK POLICY INFRASTRUCTURE MARKET ECONOMIES EXPENDITURE ECONOMIC GROWTH RATE INFRASTRUCTURE INVESTMENT EMERGING MARKETS HUMAN CAPITAL TELEPHONE SERVICE GOOD TRANSPORTATION CLIMATE CHANGE POLICIES ELECTRICITY DEMAND FUTURE INFRASTRUCTURE FINANCING LAND TRANSPORT POWER BANK INFRASTRUCTURE INVESTMENT REQUIREMENTS POPULATION DENSITY ELECTRICITY GENERATION PRICE LEVEL INVESTMENT FINANCING SANITATION SECTOR FINANCING REQUIREMENTS EXPENDITURES SHARES MARKET INFRASTRUCTURE PROJECTS ECONOMICS OM ROADS ENERGY EFFICIENCY INFRASTRUCTURE INVESTMENTS MACROECONOMIC VARIABLES ECONOMIC DEVELOPMENT RAILWAYS GOODS SANITATION SERVICES EDUCATION STOCKS INVESTMENT FUTURE DEMAND SHARE POVERTY INTERNATIONAL ENERGY RAIL INVESTMENT REQUIREMENTS MOBILE PHONES PROFIT INVESTMENTS FIRST ORDER CONDITION ELECTRICITY PRODUCTION PRICES DEVELOPMENT BANK INCOME LEVEL SWAP INVESTING
spellingShingle	URBAN TRANSPORT SANITATION PROFIT MAXIMIZATION GROWTH RATES MARKET COUNTRIES WATER SERVICES TRANSPORT SECTOR INCOME FLOWS ECONOMIC GROWTH ACCOUNTING INFRASTRUCTURE SERVICES STOCK TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES GOVERNMENT SPENDING INDUSTRY GENERATION EXCHANGE DEPRECIATION RATE ELASTICITY OF DEMAND SERVICES DEVELOPING COUNTRIES TREND ELASTICITY INFRASTRUCTURE DEVELOPMENT PUBLIC INFRASTRUCTURE CAPITAL STOCK TRAFFIC AIRPORTS STOCK DATA INFRASTRUCTURE SECTOR LONG-TERM INVESTMENT MARKET ACCESS INVESTMENT PROCESS INFLATION INTERNATIONAL BANK INFRASTRUCTURE SPENDING DEVELOPING COUNTRY MAINTENANCE COSTS EMERGING MARKET ECONOMIES DRIVERS OPEN ACCESS CENTRAL BANK EMERGING MARKET COUNTRIES GENERATION CAPACITY ROAD CONTAINERIZATION COSTS TELECOMMUNICATIONS TRANSPORT POWER SECTOR TELEPHONE LINES INCOME GROWTH INVESTMENT REQUIREMENT GLOBALIZATION EMERGING MARKET MARKETS PRIVATE INVESTMENT INFLATION RATE ASSET REPLACEMENT INDICATORS NATIONAL INFRASTRUCTURE CAPITAL EXPENDITURE ECONOMIC TARGETS PRIVATE FINANCE PORTS GROSS DOMESTIC PRODUCT INVENTORY FINANCE BANK POLICY INFRASTRUCTURE MARKET ECONOMIES EXPENDITURE ECONOMIC GROWTH RATE INFRASTRUCTURE INVESTMENT EMERGING MARKETS HUMAN CAPITAL TELEPHONE SERVICE GOOD TRANSPORTATION CLIMATE CHANGE POLICIES ELECTRICITY DEMAND FUTURE INFRASTRUCTURE FINANCING LAND TRANSPORT POWER BANK INFRASTRUCTURE INVESTMENT REQUIREMENTS POPULATION DENSITY ELECTRICITY GENERATION PRICE LEVEL INVESTMENT FINANCING SANITATION SECTOR FINANCING REQUIREMENTS EXPENDITURES SHARES MARKET INFRASTRUCTURE PROJECTS ECONOMICS OM ROADS ENERGY EFFICIENCY INFRASTRUCTURE INVESTMENTS MACROECONOMIC VARIABLES ECONOMIC DEVELOPMENT RAILWAYS GOODS SANITATION SERVICES EDUCATION STOCKS INVESTMENT FUTURE DEMAND SHARE POVERTY INTERNATIONAL ENERGY RAIL INVESTMENT REQUIREMENTS MOBILE PHONES PROFIT INVESTMENTS FIRST ORDER CONDITION ELECTRICITY PRODUCTION PRICES DEVELOPMENT BANK INCOME LEVEL SWAP INVESTING Ruiz-Nuñez, Fernanda Wei, Zichao Infrastructure Investment Demands in Emerging Markets and Developing Economies
relation	Policy Research Working Paper;No. 7414
description	The authors have assembled 1960–2012 infrastructure stock data from 145 countries to estimate the demand for infrastructure services in emerging markets and developing economies. This paper identifies that the required resource flows to satisfy new demand while maintaining service for existing infrastructure amounts to $836 billion or 6.1 percent of current gross domestic product per year over the period 2014–20. The annual infrastructure investment gap for emerging markets and developing economies is $452 billion per year, which implies that emerging markets and developing economies should almost double their current spending. The paper also estimates that half of the spending should be allocated to maintenance of existing assets. Acknowledging the challenges to compare infrastructure investment estimates across different methodologies, the authors recognize this result as a lower bound estimate and compare the results with others available in the literature.
format	Working Paper
author	Ruiz-Nuñez, Fernanda Wei, Zichao
author_facet	Ruiz-Nuñez, Fernanda Wei, Zichao
author_sort	Ruiz-Nuñez, Fernanda
title	Infrastructure Investment Demands in Emerging Markets and Developing Economies
title_short	Infrastructure Investment Demands in Emerging Markets and Developing Economies
title_full	Infrastructure Investment Demands in Emerging Markets and Developing Economies
title_fullStr	Infrastructure Investment Demands in Emerging Markets and Developing Economies
title_full_unstemmed	Infrastructure Investment Demands in Emerging Markets and Developing Economies
title_sort	infrastructure investment demands in emerging markets and developing economies
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/09/25057696/infrastructure-investment-demands-emerging-markets-developing-economies http://hdl.handle.net/10986/22670
_version_	1764451724525830144

Infrastructure Investment Demands in Emerging Markets and Developing Economies

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