Philippine Standard time

Infrastructure Development: Experience and Policy Options for the Future

DP 2002-26
2002

Global markets for goods and services have opened for countries that have made substantial investments in technological innovations in transportation, communications and production techniques, inventory management and the rapid rate of innovation in financial instruments, among others. This study presents in broad strokes a chronicle of infrastructure development in the Philippines in the last twenty-five years. It covers the infrastructure experience across the Marcos regime to the Estrada administration. The main objective of this paper is to flag those gaps and issues for future research, policy analysis and policy formulation. It calls particular attention to several constraints, e.g., large budget deficits faced by the national government, inefficient government implementation of infrastructure projects, unclear policy and regulatory framework for private participation in infrastructure. Among others, it brings attention to the design of the regulatory framework for infrastructure that would be necessary to motivate private sector participation. It is important to consider an appropriate regulatory framework to ensure fair competition, adequate returns to the private investor and consumer welfare. It is equally important to develop the appropriate incentives that should inform that regulatory framework.

Citations

This publication has been cited time(s).

  1. Yap, Josef T. and Michael R. Cabalfin, 2008 "Sustainable development framework for local governance" , Philippine Institute for Development Studies

  2. Cabalfin, Michael R. and Josef T. Yap, 2008 "Sustainable development framework for local governance" , East Asian Bureau of Economic Research

  3. Cabalfin, Michael R. and Josef T. Yap, 2008 "Sustainable development framework for local governance" , East Asian Bureau of Economic Research

  4. Aldaba, Rafaelita M., 2005 "The impact of market reforms on competition, structure and performance of the Philippine economy" , Philippine Institute for Development Studies

  5. Aldaba, Rafaelita M., 2005 "The impact of market reforms on competition, structure and performance of the Philippine economy" , East Asian Bureau of Economic Research

  6. World Bank, 2005 "Philippines: From short-term growth to sustained development" , The World Bank Group

  7. Patalinghug, Epictetus E. and Gilberto M. Llanto, 2005 "Competition policy and regulation in power and telecommunications" , East Asian Bureau of Economic Research

  8. Phillips, Mark, 2007 "Household water in rural asia: a case study of the construction of a piped water system in Bangui, Ilocos Norte, Philippines" , Springer

  9. Medalla, Felipe M., Raul V. Fabella, and Emmanuel S. de Dios, 2014 "Beyond the remittances-driven economy: Notes as if the long run mattered" , University of the Philippines School of Economics

  10. Patalinghug, Epictetus and Gilberto M. Llanto, 2005 "Competition policy and regulation in power and telecommunications" , Philippine Institute for Development Studies

  11. Navarro, Adora, 2005 "Build-Operate-Transfer (BOT) arrangements: The experience and policy challenges" , Philippine Institute for Development Studies

  12. Navarro, Adora, 2005 "Build-Operate-Transfer (BOT) arrangements: The experience and policy challenges" , East Asian Bureau of Economic Research

  13. Singha, Komol, 2011 "Infrastructure and regional disparity a case of North Eastern region of India" , AMH International


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Contributor
Philippine Institute for Development Studies
Authors
Llanto, Gilberto M.
Keywords
private sector participation; infrastructure development; infrastructure policy; regulatory framework; incentive structure
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