Economics of Rural Infraestructure: Evaluating the Provision of Transport and Electricity in Peru

• Autor: Aguirre Montoya, Julio César
• Formato: tesis doctoral
• Fecha de Publicación: 2016
• Institución: Superintendencia Nacional de Educación Superior Universitaria
• Repositorio: Registro Nacional de Trabajos conducentes a Grados y Títulos - RENATI
• Lenguaje: español
• OAI Identifier: oai:renati.sunedu.gob.pe:renati/7477
• Enlace del recurso: https://renati.sunedu.gob.pe/handle/sunedu/3615397; http://hdl.handle.net/10908/11868
• Nivel de acceso: acceso abierto
• Materia: Infraestructura (Transporte); Electrificación rural; Contratos de concesión; https://purl.org/pe-repo/ocde/ford#5.02.01

Using a unique governmental database from Peru, I find that electoral cycles significantly affect the hazard of renegotiation of transport infrastructure concession contracts. The effect of electoral cycles remains robust when applying a varied set of specifications. In addition, electoral cycles have positive marginal effects on the hazard of renegotiation of concession contracts between 3% and 6%. These results provide a perspective on the importance of enforcing institutional and regulatory supervisory activities of infrastructure concession contracts in order to minimize possible political influences on the contractual stability of these contracts.