Through an empirical analysis of the relationship between private participation in infrastructure and country risk, the paper shows that country risk ratings are a reliable predictor of infrastructure investment levels in developing countries. The results suggest that a difference of one standard deviation in a country's sovereign risk score is associated with a 27 percent increase in the probability of having a private participation in infrastructure...
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INFORMACIÓN
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2013/08/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS6569
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1
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1
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2013/08/01
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Disclosed
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The effects of country risk and conflict on infrastructure PPPs
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country risk