Potential effect of Scaling-up Iinfrastructure in Peru: a general equilibrium model-bases analysis
Abstract
This study assesses the potential economic impacts of investments dedicated to filling infrastructure gaps in Peru. By using a national database at the firm level, we start by empirically estimating the positive externalities of Peruvian infrastructure on private activities’ output. In the second step, these estimates are introduced in a dynamic Computable General Equilibrium model used to conduct counterfactual simulations of various investment plans in infrastructure over a 15-year period. These simulations show to what extent scaling-up infrastructure could be a worthwhile strategy to achieve economic growth in Peru; however, they also show that these benefits depend on the choice of funding schemes related to such public spending.
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2018_2019_9docWCATT_Potential_Effects_ScalingUp_Infrastructure_Peru_CGE_Model_JDavalos_JMMontaud_NPecastaing.pdf (1.31 Mo)
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