Cover -- Title Page -- Contents -- Latin American Development Forum Series -- About the Contributors -- Acknowledgments -- 1 Introduction -- Introduction -- The Intertemporal Budget Constraint and Fictional Adjustment -- Fiscal Adjustment and Infrastructure Spending -- Overview of This Volume -- Final Remarks -- Notes -- References -- 2 Latin America's Infrastructure in the Era of Macroeconomic Crises -- Introduction -- Comparative Trends in Latin American Infrastructure Quantity and Quality -- Trends in Infrastructure Spending in Latin America -- Behavior of Public Infrastructure Investment -- Did Private Investment Replace Public Investment? -- Infrastructure Spending and the Quantity and Quality of Infrastructure -- Conclusion -- Appendix 2A. Infrastructure Database -- Physical Infrastructure Data -- Public Utilities -- Public Works -- Data on Investment in Infrastructure -- Definition of Public Sector -- Definition of Transport Sector -- National Sources of Information for the data on Infrastructure Investment -- Argentina, 1970-98 -- Bolivia, 1980-98 -- Brazil, 1970-98 -- Chile, 1980-98 -- Colombia, 1973-98 -- Ecuador, 1981-98 -- Mexico, 1970-98 -- Peru, 1970-98 -- República Bolivariana de Venezuela, 1980-98 -- Appendix 2B. The Liberalization of Infrastructure Industries in Latin America -- Overview -- Country Summaries -- Argentina -- Bolivia -- Brazil -- Chile -- Colombia -- Ecuador -- Mexico -- Peru -- República Bolivariana de Venezuela -- Notes -- References -- 3 The Output Cost of Latin America's Infrastructure Gap -- Introduction -- Methodological Approach -- Empirical Implementation -- Estimation Results -- The Output Cost -- Summary -- Appendix -- Sample Coverage and Data -- Notes -- References -- 4 Infrastructure Compression and Public Sector Solvency in Latin America -- Introduction -- Framework -- Empirical Implementation.

The Impact of Infrastructure Spending on Public Sector Net Worth -- Summary -- Appendix 4A -- Testing for Unit Roots in Public Revenues and Public Expenditures -- Notes -- References -- 5 Macroeconomic Effects of Private Sector Participation in Infrastructure -- Introduction -- Testing the Macroeconomic Effects of PPI -- The Variables, the Data, and Their Limitations -- The Results -- Effects of Private Participation in Infrastructure on GDP per Capita -- Effects of Infrastructure PPIs on Private Investment -- Effects of Infrastructure PPIs on Public Investment -- Effects of Infrastructure PPIs on Recurrent Public Expenditures -- Conclusion -- Notes -- References -- 6 Regulation and Private Sector Participation in Infrastructure -- Introduction -- Private Investment in Infrastructure in Latin America -- Analytical Approach -- Data -- Estimation -- Empirical Findings -- Determinants of Private Sector Investment -- Characteristics of the Regulatory System -- Sector-Specific Results -- Conclusions -- Appendix 6A -- Notes -- References -- Acronyms and Abbreviations -- Index -- Back Cover.