Evidence exists that investment in infrastructure contributes to growth, by increasing productivity, reducing production costs, and facilitating the accumulation of human capital. However, despite the evidence of the positive impact of infrastructure on growth, according to the World Bank, the Gross capital formation (% of DGP) in Latin America Countries (LACs) was 21.4% in 2014, while in fast-growing economies, such as China and India, it was 46.2 and 31.6%, respectively. Besides, according to the Interamerican Development Bank, the total investment in infrastructure in LACs has been fallen since the late 1980s.
The new issue of the “Competition and Regulation in Network Industries” (CRNI) by Sage is now available! This issue includes papers presented at the CRI […] read more