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The note first presents a brief overview of the Croatian railway sector, listing the main challenges that it is currently facing, and identifying the main areas of intervention for the development of a financially sustainable sector, which should guide any thorough sector reform program in the...
Persistent link: https://www.econbiz.de/10012560014
During the 1990s, the Turkish economy was beset by frequent economic crises. Fiscal imbalances, high inflation rates, and the subsequent stop and go economic cycles hit the Turkish economy, slowing growth and plunging the country into recession. Spiraling debt and interest payments coupled with...
Persistent link: https://www.econbiz.de/10012248426
This Policy Note has been prepared to assist the governments of the Entities in Bosnia and Herzegovina to better understand the current conditions of the railway sector,assess the policy options for modernizing it and help chart a course ahead. Railway performance is benchmarked against a number...
Persistent link: https://www.econbiz.de/10012248556
Under a succession of reform-minded governments, the Bulgarian rail sector has achieved some ambitious targets-stable traffic volumes and hard-won financial stability that was endorsed by investor confidence during a recent bond issuance for EUR 120 million. Today, all Acquis Communautaires...
Persistent link: https://www.econbiz.de/10012557617
and tariffs-for cotton it is subsidy reductions rather than tariff cuts that would make by far the largest impact. For Sub …
Persistent link: https://www.econbiz.de/10010522143
subsidies for water and electricity services. Their analysis of a wide range of subsidy models from around the developing world … shows that the most common form of utility subsidy-quantity-based subsidies delivered through the tariff structure … effectiveness of consumption subsidy schemes to reach the poor. Simulations suggest that connection subsidies are an attractive …
Persistent link: https://www.econbiz.de/10010522182
"Large and sustained differences in economic performance across regions of developing countries have long provided motivation for fiscal incentives designed to encourage firm entry in lagging areas. But empirical evidence in support of these policies has been weak at best. The authors undertake...
Persistent link: https://www.econbiz.de/10010522217
"The provision of public goods and the amelioration of market failure are the classical justifications for government intervention in the economy. In reality, (1) governments intervene in markets that are not affected by failure, and (2) a large share of the government resources is spent in...
Persistent link: https://www.econbiz.de/10010522591
Persistent link: https://www.econbiz.de/10010522750