Showing 1 - 10 of 33
, water quality, and health outcomes of Uruguay's nationalization of water services. An important advantage of focusing on … nationalization rather than privatization is that it avoids selection bias due to cherry-picking by firms or governments at the time … of privatization. Indeed, nationalization in Uruguay affected all private firms, as water was declared "part of the …
Persistent link: https://www.econbiz.de/10009643502
nationalization is inefficient it does occur in equilibrium when oil prices are high. The model's predictions are consistent with the … panel analysis of a comprehensive dataset on nationalizations in the oil industry since 1960. Nationalization is more likely …
Persistent link: https://www.econbiz.de/10005662343
This Paper considers the incentives for foreign direct investment in transformation countries if actual expropriation is the possible result of a conflict between multinational firms and local or national governments. The Paper compares threats of complete expropriation and of repeated...
Persistent link: https://www.econbiz.de/10005791900
A 2006 survey of 28,000 individuals in 28 post-communist countries reveals overwhelming support for revising privatization, but most respondents prefer to leave firms in private hands. We examine who wants to revise privatization and why. Respondents with poor human capital and few assets...
Persistent link: https://www.econbiz.de/10005497879
This paper investigates whether the new Basel Accord will induce a change in bank lending to emerging markets using a …
Persistent link: https://www.econbiz.de/10005788885
two "integration episodes", the development of an economic union between Portugal and its African colonies and the … establishment of democratic socialism since then. The paper contrasts the recent economic experience of Portugal with its neighbour … Spain. The view that EC membership is desirable because it ensures Portugal against dictatorship is also examined and …
Persistent link: https://www.econbiz.de/10005792495
When the 1987 general elections brought a durable government to Portugal, the national environment was still … inflationary. Nevertheless, thanks to the efforts of successive ministers of finance/central bank governor pairs, the criteria for … realignment, was more stable in the ERM than when it was inconvertible and the central bank controlled the currency. The …
Persistent link: https://www.econbiz.de/10005123635
This paper reviews the traditional ambiguity of Portuguese policy towards external liberalization. Product and labour markets have become segmented as a result of the soft budget constraint faced by large corporations and job protection in the public sector. Relaxation of entry requirements into...
Persistent link: https://www.econbiz.de/10005281308
, economies of scale, and have been heavily protected from international competition in Portugal and Spain. The `costs of non …
Persistent link: https://www.econbiz.de/10005281309
economic agents, competition policies are usually included in the legal framework that regulates economic activities. Portugal …
Persistent link: https://www.econbiz.de/10005114491