Showing 1 - 10 of 56
A variety of proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in...
Persistent link: https://www.econbiz.de/10005556074
concentration and bidding competition decrease in the privatized sector may have outweighed eventual gains coming from privatization …. On the other hand, the threat that privatization may represent for public unit managers may have stimulated them to … recent privatization are associated with lower costs. Instead, old privatization is not associated with lower costs. …
Persistent link: https://www.econbiz.de/10005125882
This paper examines the growth pattern followed by the Chilean economy with reference to the macroeconomic reforms undertaken during the Pinochet regime, which were largely maintained by successive democratic administrations and partially reproduced by neighbouring countries. The focus is on the...
Persistent link: https://www.econbiz.de/10005126348
Privatization became a central element of economic reforms in most countries in Sub-Saharan Africa during the 1990s …. Yet, empirical evidence regarding the impact of privatization remains scarce. Since the seminal work of CAMPBELL … a time when public opposition to further privatization is growing, this paper aims at giving a broad overview of the …
Persistent link: https://www.econbiz.de/10005413292
This paper employs ordinary least squares (OLS) estimation to examine the determinants of foreign direct investment (FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find that the real effective multilateral exchange rate, the...
Persistent link: https://www.econbiz.de/10005561297
The transition from a planned to a market oriented economy requires a complex amalgam of stabilization, liberalization … and privatization policies. This paper outlines a combination of policies believed to be necessary, if not sufficient to …
Persistent link: https://www.econbiz.de/10005062463
precursor to price liberalization, private property rights must be created, distributed and credibly enforced in order to ensure … adjustment process in order to avoid a crisis of constitutional authority. A program of “Socialist Privatization” is proposed as …
Persistent link: https://www.econbiz.de/10005118685
of an egalitarian distribution of income and wealth? I propose a sequential set of stabilization, privatization and … liberalization policies designed to provide the necessary, albeit not sufficient conditions for a transition to a market economy that …
Persistent link: https://www.econbiz.de/10005118763
The United Kingdom began deregulating its electric market years before the U.S. Thus, the UK provides the best example of what can be expected in the deregulated residential retail electric market in the United States. . An extensive review of the evidence found: Questionable price savings:...
Persistent link: https://www.econbiz.de/10005076594
The periodical re-auction of a water monopoly concession causes the danger of underinvestment. If the life-time of specific assets such as water pipes exceeds the contract length and transferring the ownership of assets is difficult, the incumbent franchisee faces a hold-up problem. Using a...
Persistent link: https://www.econbiz.de/10005125890