Mfugazzawfmaloney2008informalityandmacroeconomicfluctu

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Unformatted text preview: 113 Annex 1: Stimulus Pans for LAC The Table below summarizes the region’s major commitments to economic stimulus that have been announced in recent weeks and the estimation of region‐wide investment levels. The five countries included in the table represent over 75 percent of the region’s population and GDP. Table A1: Stimulus Plans for LAC, 2009 Argentina Brazil Chile Mexico Peru 2009 Stimulus Pkg Investment in Public Works $B % GDP 4.4 1.6% 6.7 0.5% 0.7 0.4% 6.9 0.8% 1.6 1.3% Total Public Works (2009) $B % GDP 17.1 6.1% 23.3 1.7% 4.7 2.7% 43.6 4.8% 5.8 4.6% Ratio Stimulus vs Total Investment 25.7% 28.8% 15.0% 15.8% 27.6% LAC (*) 25 0.5% to 1.0% 125 3% to 4% 20% (*) For the LAC estimates, we extrapolated the figures to those countries without information. Source: UNECLAC (2009), IMF, National Legislation Data, Consensus Economics (2009), and Authors’ calculations. Note: Many countries have proposed multiyear packages. These estimates capture the additional investments in public work to be implemented in 2009 in addition to the budget proposed previously for the year 2009. (*) For LAC’s estimates, we extrapolated the figures to those countries without information. Annex 2: Annual Direct Employment The table below provides the results for an estimate of Annual Direct Employment per US$1Billion spent. Table A2: Employment Levels for Representative Infrastructure Capital Investment Projects in LAC, by Country and Sub-sector Qualified workers Non-qualified workers Domestic inputs (mainly material) Foreign inputs (mainly equipment) Others Total Transport Colombia - Access to neigborhoods (streets) 15% 6% 49% 16% 14% 100% 43% Colombia - Feeder routes for Transmilenio 27% 23% 6% 99% Brazil - Roads 3% 9% 22% 63% 3% 100% Argentina- Rosario - highways 1.3% 0.3% 60% 38% 0% 100% Water and Sanitation Honduras - Improvement on water captation 28% 12% 40% 20% 100% Honduras - Rehabilatation of water networks 30% 20% 40% 10% 100% Honduras - Expansion of water networks 20% 30% 40% 10% 100% Honduras - New treatment plant 10% 10% 80% 0% 100% Colombia - Expansion of WSS networks 8% 56% 32% 4% 100% Brazil - Rain Drainage networks 8% 16% 48% 28% 0% 100% Brazil - Sewerage 4% 11% 68% 17% 0% 100% Energy 95%-97% US - Solar PV 3%-5% 100% 94%-96% US - Wind Power 4%-6% 100% 98%-99% US - Biomass 1%-2% 100% 98%-99% US - Coal-fired 1%-2% 100% 96%-98% US - Natural gas-fired 2%-4% 100% Brazil - Hydropower 5%-10% 90%-95% 100% Peru - Rural Electrification 14% 7% 26% 53% 0% 100% [*] These estimates were based on an hourly wage of $3 for non qualified workers and $6/hr for qualified one for 2,000 working hours a year. Annual Direct Employment (per US$1B/yr) [*] 22,500 35,833 16,577 1,650 43,333 58,333 66,667 25,000 100,000 34,001 21,746 2,700 3,400 700 750 1,700 4,500 23,000 Source: World Bank project documents: Honduras ‐ Water and Sanitation Program (P103881), Colombia ‐ Bogota Urban Services Project (P074726), Brazil ‐ Bahia Poor Urban Areas Integrated Dev (P081436), and Argentina ‐ S...
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This document was uploaded on 11/14/2013.

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