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Public-Private Partnerships--A Public Economics Perspective.
Sadka, Efraim - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE SCOPE OF PUBLIC-PRIVATE PARTNERSHIPS -- III. BUILD-OPERATE -- IV. IDENTIFICATION OF THE ENDOGENOUS AND EXOGENOUS RISKS -- V. "WHITE ELEPHANTS" -- VI. COST-BENEFIT ANALYSIS: PRICES AND DISCOUNT RATES -- VII. THE ALLOCATION OF RISK BETWEEN THE PUBLIC...
Persistent link: https://www.econbiz.de/10012691080
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Creating Sustainable Fiscal Space for Infrastructure
Ter-Minassian, Teresa - 2008
maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship bet …
Persistent link: https://www.econbiz.de/10012677684
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Creating Sustainable Fiscal Space for Infrastructure : The Case of Tanzania
Ter-Minassian, Teresa - 2008
maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship between …
Persistent link: https://www.econbiz.de/10014409074
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Benchmarking Infrastructure Using Public Investment Efficiency Frontiers
Kapsoli, Javier - 2023
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency … inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches …
Persistent link: https://www.econbiz.de/10015059445
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Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships
Palma, André de - 2009
There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...
Persistent link: https://www.econbiz.de/10012685204
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Bond yields in emerging economies : it matters what state you are in
Jaramillo, Laura; Weber, Anke - 2012
While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic...
Persistent link: https://www.econbiz.de/10009621689
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Specification of a Stochastic Simulation Model for Assessing Debt Sustainability in Emerging Market Economies.
Karam, Philippe D - 2006
Persistent link: https://www.econbiz.de/10012690998
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Fiscal Deficits and Current Account Deficits
Kumhof, Michael - 2009
The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same assumption, fiscal deficits can have worrisome implications if they turn out to be permanent. First, if they occur in large countries they...
Persistent link: https://www.econbiz.de/10012677897
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The Fiscal Stance in Japan: A Model-based Analysis
Fournier, Jean-Marc - 2022
This paper assesses Japan's fiscal stance in the past and the future with a stochastic structural model called the Buffer-Stock Model of the Government. Our retrospective analysis suggests that the fiscal stance in the 1990s and the early 2000s was overall looser than the model recommendations....
Persistent link: https://www.econbiz.de/10015060166
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The Future of PPPs in the Western Balkans
Martijn, Jan - 2023
increase investment to reduce their infrastructure gaps. While there are benefits to well-designed and implemented PPPs, they …
Persistent link: https://www.econbiz.de/10015059689