Arbeitspapier

Infrastructure Development: Experience and Policy Options for the Future

Global markets for goods and services have opened for countries that have made substantial investments in technological innovations in transportation, communications and production techniques, inventory management and the rapid rate of innovation in financial instruments, among others. This study presents in broad strokes a chronicle of infrastructure development in the Philippines in the last twenty-five years. It covers the infrastructure experience across the Marcos regime to the Estrada administration. The main objective of this paper is to flag those gaps and issues for future research, policy analysis and policy formulation. It calls particular attention to several constraints, e.g., large budget deficits faced by the national government, inefficient government implementation of infrastructure projects, unclear policy and regulatory framework for private participation in infrastructure. Among others, it brings attention to the design of the regulatory framework for infrastructure that would be necessary to motivate private sector participation. It is important to consider an appropriate regulatory framework to ensure fair competition, adequate returns to the private investor and consumer welfare. It is equally important to develop the appropriate incentives that should inform that regulatory framework.

Sprache
Englisch

Erschienen in
Series: PIDS Discussion Paper Series ; No. 2002-26

Klassifikation
Wirtschaft
Thema
private sector participation
infrastructure development
infrastructure policy
regulatory framework
incentive structure
Infrastruktur
Infrastrukturpolitik
Infrastrukturinvestition
Öffentlich-private Partnerschaft
Philippinen

Ereignis
Geistige Schöpfung
(wer)
Llanto, Gilberto M.
Ereignis
Veröffentlichung
(wer)
Philippine Institute for Development Studies (PIDS)
(wo)
Makati City
(wann)
2002

Handle
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Llanto, Gilberto M.
  • Philippine Institute for Development Studies (PIDS)

Entstanden

  • 2002

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