This paper presents a model to assess the efficiency of the capital structure in public-private
partnerships (PPP). A main argument supporting the PPP approach for investment projects …

We introduce a novel measure of cross-country road quality based on the travel mean
speed between large cities from Google Maps. This measure is useful to assess road …

South Asia has experienced significant progress in improving human and physical capital
over the past few decades. Within the region, India has become a global economic …

Opportunism, either governmental or private, may become a powerful deterrent against
public-private project financing, especially considering the scale of the investment in …

We develop a detailed model to evaluate the necessary investment requirements to achieve
affordable universal broadband. The results indicate that approximately $418 billion needs …

We study the impact of political contestability on the choice of rule-based contracts through
the municipal bond market. We provide evidence that when the probability of losing office is …

The economic debate underlines the reasons why discount rates of infrastructure projects
should be similar, regardless the public or private source of financing, during the forecast …

We identify key drivers of digital adoption, estimate fiscal costs to provide internet subsidies
to households, and calculate social dividends from digital adoption. Using cross-country …

Given the standard 10-year cycle of private equity (PE) funds, 2 percent year-on-year
management fee on committed funds, and 20 percent carry fee charged by funds’ managers or …

Regulators face the difficult task of determining the sets of price and quality of government
regulated goods. While the profit maximizing monopoly always produces less in quantity than …