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Prioritizing Infrastructure Investments
Governments worldwide face the difficult challenge of deciding which infrastructure projects to prioritize and select for implementation, given the limits of available funding and the need to attain their developmental goals. The key objective of this report is to conduct a comparative exercise between the World Bank's Infrastructure Prioritization Framework, a multicriteria analysis-based methodology to project prioritization, and a more complex cost-benefit analysis-based approach. The report focuses on Chile, which has a well-institutionalized evaluation process that uses cost-benefit analysis to assess projects on their quality and ability to generate value for money. The analysis compar...
Darwin ́s Legacy: The Status of Evolutionary Archaeology in Argentina
This book collects the contributions to the symposium "The current state of evolutionary archeology in Argentina" that was held in Buenos Aires, for celebrating the 200th anniversary of Charles Darwin's birth and the 150th anniversary of the publication of "On the Origin of Species"
Prioritizing Infrastructure Investment
Governments must decide how to allocate limited resources for infrastructure development, particularly since financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systematically applied, a basis for prioritization. In some instances, however, capacity and resource limitations make extensive economic analyses across all projects unfeasible in the immediate term. This paper responds to a need for expanding the available set of tools for project selection by proposing an alternative prioritization approach that is systematic and feasible within the current resource means of government. The Infrastructure Prioritization...
Incorporating Resilience in Infrastructure Prioritization
Disruption of infrastructure services can cause significant social and economic losses, particularly in the event of a natural disaster. The World Bank Group and the Government of Japan established the Quality Infrastructure Investment Partnership to focus attention on the quality dimensions of infrastructure in developing countries, with a focus on promoting disaster resilience. Moreover, to support infrastructure investment decision making for sustainable and resilient development, the World Bank and Kyoto University have operationalized key resilience concepts at the project level and developed quantitative indicators capturing key aspects of infrastructure resilience related to the road ...
Do Countries Learn from Experience in Infrastructure PPP? PPP Practice and Contract Cancellation
Learning from experience to improve future infrastructure public-private partnerships is a focal issue for policy makers, financiers, implementers, and private sector stakeholders. An extensive body of case studies and "lessons learned" aims to improve the likelihood of success and attempts to avoid future contract failures across sectors and geographies. This paper examines whether countries do, indeed, learn from experience to improve the probability of success of public-private partnerships at the national level. The purview of the paper is not to diagnose learning across all aspects of public-private partnerships globally, but rather to focus on whether experience has an effect on the mo...
Understanding the Benefits of Regional Integration to Trade
The paper identifies the impact of physical barriers to trade within Central America through the use of an augmented and partially constrained Gravity Model of Trade. Adjusting the Euclidian distance factor for Central America by real average transport times, the model quantifies the impact of poor connectivity and border frictions on the region's internal trade as well as its trade with external partners, such as the United States and Europe. In addition, the authors benchmark Central America's trade coefficients against those of a physically integrated region by running a parallel Gravity Model for the 15 core countries of the European Union. This allows for the estimation of potential int...
