Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Measuring the Impact of Asset Complementarities: The Case of Rural Peru

Javier Escobal and Máximo Torero
Cuadernos de Economía
Vol. 42, No. 125 (Mayo 2005), pp. 137-164
Stable URL: http://www.jstor.org/stable/41951634
Page Count: 28
  • Read Online (Free)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Measuring the Impact of Asset Complementarities: The Case of Rural Peru
Preview not available

Abstract

The exact type, critical mass, and combination of public and private assets needed to move out of poverty have not been sufficiently studied. This paper analyzes three types of public infrastructure and services: a) "traditional infrastructure" such as transportation, sewer systems, water, electricity which do not generate positive network externalities; b) «human-capital-generating public services» that are capable of creating mobile private assets, such as schooling and health services and c) «information and communication technologies», such as telephone or Internet, all of which generate network externalities. Using Peruvian LSMS data we quantify the differential impact on poverty of each of these types of investments, as well as the interaction effect between so-called traditional types of infrastructure and those which generate network externalities. Este trabajo estudia la naturaleza, la masa crítica y la combinación de activos públicos y privados necesarios para reducir la pobreza. El estudio se concentra en tres tipos de infraestructura y servicios públicos: a) "infraestructura tradicional", que no genera externalidades de red, como sistemas de transporte, alcantarillado, agua potable y electricidad; b) "servicios públicos generadores de capital humano", capaces de crear activos privados móviles, tales como la educación y lo servicios de salud; y c) "tecnologías de la información y de las comunicaciones", tales como la telefonía y el Internet, que son generadoras de externalidades de red. Empleando información de la Encuesta Nacional sobre Medición de Niveles de Vida de Perú, se cuantifica el impacto sobre la pobreza de cada uno de estos tipos de inversiones, así como la complementariedad entre la infraestructura tradicional y la generadora de externalidades de red.

Page Thumbnails

  • Thumbnail: Page 
[137]
    [137]
  • Thumbnail: Page 
138
    138
  • Thumbnail: Page 
139
    139
  • Thumbnail: Page 
140
    140
  • Thumbnail: Page 
141
    141
  • Thumbnail: Page 
142
    142
  • Thumbnail: Page 
143
    143
  • Thumbnail: Page 
144
    144
  • Thumbnail: Page 
145
    145
  • Thumbnail: Page 
146
    146
  • Thumbnail: Page 
147
    147
  • Thumbnail: Page 
148
    148
  • Thumbnail: Page 
149
    149
  • Thumbnail: Page 
150
    150
  • Thumbnail: Page 
151
    151
  • Thumbnail: Page 
152
    152
  • Thumbnail: Page 
153
    153
  • Thumbnail: Page 
154
    154
  • Thumbnail: Page 
155
    155
  • Thumbnail: Page 
156
    156
  • Thumbnail: Page 
157
    157
  • Thumbnail: Page 
158
    158
  • Thumbnail: Page 
159
    159
  • Thumbnail: Page 
160
    160
  • Thumbnail: Page 
161
    161
  • Thumbnail: Page 
162
    162
  • Thumbnail: Page 
163
    163
  • Thumbnail: Page 
164
    164