ECOPOL volume 31, issue 3-4, P279-304 2015 DOI: 10.1093/oxrep/grv037 View full text
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Antonio Estache, Tomas Serebrisky, Liam Wren-Lewis

Abstract: AbstractThis article develops a theoretical framework to analyze options for financing infrastructure in developing countries. We build a basic model that gives motivations for using a combination of public finance, private debt and private equity. The model is then extended in a number of ways to examine a variety of factors that are important for developing countries when considering financing choices. We focus in particular on key institutional weaknesses that are often important for infrastructure investm…

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