This paper seeks to assess the extent to which a country's overall level of development and that of its financial sector, in particular, are factors that attract private capital into infrastructure projects. The authors investigate these effects in a 1990-2007 dataset on the power sector in 37 developing countries. The results suggest that economic growth is a key determinant of private investors' investment in infrastructure projects, and that investors...
انظر المزيد
تفاصيل
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2010/7/01
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ورقة عمل خاصة ببحوث السياسات
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WPS5373
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1
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1
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2010/7/22
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Disclosed
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Is the level of financial sector development a key determinant of private investment in the power sector ?
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private investment