Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America
Multinational 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 coor...
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| Acceso en línea: | http://hdl.handle.net/11362/5423 |
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Cárcamo-Díaz, Rodrigo NU. CEPAL. División de Desarrollo Económico 2014-01-02T16:11:57Z 2014-01-02T16:11:57Z 2007-01 9789211216219 http://hdl.handle.net/11362/5423 LC/L.2660-P Includes bibliography Multinational 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. 81 páginas. en ECLAC Serie Macroeconomía del Desarrollo 56 Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America Texto Documento Completo División de Desarrollo Económico Disponible Santiago 81 p. : gráfs., tabls. S0700021 E 07.II.G.11 INT UN/EC 65(56/2007) LC/L.2660-P Santiago ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE AMERICA LATINA LATIN AMERICA Series COMERCIO INTERNACIONAL INTEGRACIÓN REGIONAL INGRESOS Y GASTOS PÚBLICOS INFRAESTRUCTURA INTERNATIONAL TRADE REGIONAL INTEGRATION PUBLIC INCOME AND EXPENDITURE INFRASTRUCTURE 27809 COMERCIO INTERNACIONAL E INTEGRACIÓN ESTADÍSTICAS RECURSOS NATURALES INTERNATIONAL TRADE AND INTEGRATION STATISTICS NATURAL RESOURCES gráficos, tablas |
| elec_str_mv |
Comisión Económica para América Latina y el Caribe(CEPAL) |
| collection |
Comisión Económica para América Latina y el Caribe(CEPAL) |
| title |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| spellingShingle |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America Cárcamo-Díaz, Rodrigo ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE |
| title_short |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_full |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_fullStr |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_full_unstemmed |
Coordination of public expenditure in transport infrastructure: analysis and policy perspectives for Latin America |
| title_sort |
coordination of public expenditure in transport infrastructure: analysis and policy perspectives for latin america |
| author |
Cárcamo-Díaz, Rodrigo |
| author_facet |
Cárcamo-Díaz, Rodrigo |
| topic |
ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE |
| topic_facet |
ANALISIS COSTO-BENEFICIO GASTOS PUBLICOS INFRAESTRUCTURA DEL TRANSPORTE INTEGRACION ECONOMICA POLITICA DE TRANSPORTE TRANSPORTE INFRAESTRUCTURA FISICA COST-BENEFIT ANALYSIS ECONOMIC INTEGRATION PUBLIC EXPENDITURES TRANSPORT INFRASTRUCTURE TRANSPORT POLICY TRANSPORT PHYSICAL INFRASTRUCTURE |
| publishDate |
2007-01 |
| language |
English |
| publisher |
ECLAC |
| physical |
81 páginas. |
| format |
Texto |
| description |
Multinational 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.
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| isbn |
9789211216219 |
| url |
http://hdl.handle.net/11362/5423 |
| work_keys_str_mv |
AT carcamodiazrodrigo coordinationofpublicexpenditureintransportinfrastructureanalysisandpolicyperspectivesforlatinamerica |
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1737449166121992192 |