{
  "title": "The Growth Return of Infrastructure in Latin America",
  "publication": "IMF Working Papers, February 14, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2017/02/14/the-growth-return-of-infrastructure-in-latin-america-44663",
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  "summary": "This paper examines the effects of improvements in infrastrucutre on sectoral growth and firm-level investment, focusing on six Latin American countries.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Examines the effects of improvements in infrastructure on sectoral growth and firm-level investment, focusing on six Latin American countries.\n- Uses heterogeneity in the quality of infrastructure across countries and intrinsic variation in the dependence of sectors on infrastructure to identify effects.\n- Main finding: better infrastructure raises growth and investment."
    },
    {
      "heading": "Key findings",
      "content": "- Improved infrastructure could yield large economic benefits.\n- If the quality of infrastructure in Colombia increased to the sample median (Czech Republic), GDP growth would increase by about 0.1 percentage points.\n- Better infrastructure raises both sectoral growth and firm-level investment (directional finding as stated in the paper)."
    },
    {
      "heading": "Scope and methodology",
      "content": "- Geographic focus: six Latin American countries.\n- Empirical strategy exploits:\n  - Heterogeneity in infrastructure quality across countries.\n  - Intrinsic variation in the dependence of sectors on infrastructure.\n- Outcome variables emphasized: sectoral growth and firm-level investment."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Corporate investment\n- Emerging and frontier financial markets\n- Financial institutions\n- Financial markets\n- Infrastructure\n- National accounts\n- Stocks\n- Transportation\n- Keywords: Corporate investment, Emerging and frontier financial markets, Global, growth, infrastructure, infrastructure investment, investment, investment analysis, investment plan, investment rate, investment regression, rate of firm, Stocks, Transportation, WP\n\nSource: Sergi Lanau, \"The Growth Return of Infrastructure in Latin America\", IMF Working Papers 2017/035, February 14, 2017, https://www.imf.org/en/publications/wp/issues/2017/02/14/the-growth-return-of-infrastructure-in-latin-america-44663\n\n---\n\n Content in this bundle\n\n- The Growth Return of Infrastructure in Latin America\n  - The Growth Return of Infrastructure in Latin America (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - The Growth Return of Infrastructure in Latin America (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2017/02/14/the-growth-return-of-infrastructure-in-latin-america-44663"
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    "Authors: Sergi Lanau",
    "Published: February 14, 2017",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475578959.001",
    "Examines the effects of improvements in infrastructure on sectoral growth and firm-level investment, focusing on six Latin American countries.",
    "Uses heterogeneity in the quality of infrastructure across countries and intrinsic variation in the dependence of sectors on infrastructure to identify effects.",
    "Main finding: better infrastructure raises growth and investment.",
    "Improved infrastructure could yield large economic benefits.",
    "If the quality of infrastructure in Colombia increased to the sample median (Czech Republic), GDP growth would increase by about 0.1 percentage points.",
    "Better infrastructure raises both sectoral growth and firm-level investment (directional finding as stated in the paper).",
    "Geographic focus: six Latin American countries.",
    "Empirical strategy exploits:",
    "Outcome variables emphasized: sectoral growth and firm-level investment.",
    "Corporate investment",
    "Emerging and frontier financial markets",
    "Financial institutions",
    "Financial markets",
    "Infrastructure",
    "National accounts",
    "Stocks",
    "Transportation",
    "Keywords: Corporate investment, Emerging and frontier financial markets, Global, growth, infrastructure, infrastructure investment, investment, investment analysis, investment plan, investment rate, investment regression, rate of firm, Stocks, Transportation, WP",
    "**The Growth Return of Infrastructure in Latin America**"
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