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Private Residential Investment Growth : Implications on Municipal Revenues and Socio-Economic Indicators

By The World Bank

Description
Economics

Excerpt
The economic development of the District of Pilar during the nineties shows several particular features, which makes it different from the other municipalities of the Metropolitan Region of Buenos Aires (MRBA). The boom of residential investment, the strong presence of manufacturing industries subsidiaries of international companies, and the localization of universities and commercial enterprises of high hierarchy have caused the district to be one of the main receivers of private investment in the last decade. A main aspect to be considered in this study is the boom of real estate investment in the district, particularly, in relation to gated communities. In association with this dynamic behavior of the economic activity, there is an important growth of the population, which increases by over 60% in a period of 10 years. The issue is discussed in detail as well as the impact of the private investment drift in the public finance of the municipality, analyzing both sides ? income and expenditure. In this sense, it has been observed that the dynamic behavior of the private investment flow contrasted with what has happened with the public investment. It is essential to evaluate whether the investment boom has been reflected on the municipal income or not and thus has generated more capacity for capital investment in infrastructure and social expenditure, allowing for the dispersion of the benefits of the economic boom to the rest of the population.

Book Id: WPLBN0000157113
Format Type: PDF eBook
File Size: 160.67 KB
Reproduction Date: 2005

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Title:

Private Residential Investment Growth : Implications on Municipal Revenues and Socio-Economic Indicators

Author:

Volume:

Language:

English

Subject:

Economics, Finance & business, World Bank.

Collection:

Economics Publications Collection

Subcollection:

Historic
Publication Date:

Publisher:

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