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Multidimensionality and Renegotiation : Evidence from Transport-Sector Public-Private-Partnership Transactions in Latin America

Estache, Antonio; Guasch, Jose-Luis; Iimi, Atsushi - 2012

Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway...

Persistent link: https://www.econbiz.de/10012552456

Informality and Profitability : Evidence from a New Firm Survey in Ecuador

Medvedev, Denis; Oviedo, Ana Maria - 2013

This paper estimates the impact of informality on firm profits using a new firm-level survey designed specifically for … benefits of informality, such as the probability of detection by the authorities and the likelihood of being fined. Nonetheless …, taking into account the non-random placement of firms along the formality-informality spectrum and controlling for a large …

Persistent link: https://www.econbiz.de/10012559463

Telecommunication Reforms, Access Regulation, and Internet Adoption in Latin America

Estache, Antonio; Manacorda, Marco; Valletti, Tommaso M. - 2013

The authors review the stylized facts on regulatory reform in telecommunications and its effects on telecommunications development and Internet penetration in Latin America. Relying on data from the International Telecommunication Union, the Information for Development Program (InfoDev), and the...

Persistent link: https://www.econbiz.de/10012559563

Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America?

Estache, Antonio; Rossi, Martin - 2013

The authors bring new empirical evidence on the impact of the choice of ownership and regulatory regime on firms' productivity and prices paid by consumers. They collect the evidence from a sample of electricity distribution companies in Latin America. The authors rely on estimations of labor...

Persistent link: https://www.econbiz.de/10012559854

Advanced-Country Policies and Emerging-Market Currencies

Ikeda, Yuki; Medvedev, Denis; Rama, Martin - 2015

The global financial crisis and its aftermath have triggered extraordinary policy responses in advanced countries. The impacts of these policy responses—from asset price bubbles to currency depreciations—have often been felt in the developing world. As tapering talk evolves into actual...

Persistent link: https://www.econbiz.de/10012564370

Is the Developing World Catching up? Global Convergence and National Rising Dispersion

Bussolo, Maurizio; De Hoyos, Rafael E.; Medvedev, Denis - 2012

The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income...

Persistent link: https://www.econbiz.de/10012552246

Regulatory Agencies : Impact on Firm Performance and Social Welfare

Estache, Antonio; Rossi, Martin A. - 2012

The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition...

Persistent link: https://www.econbiz.de/10012552294

Challenges to MDG Achievement in Low Income Countries : Lessons from Ghana and Honduras

Bussolo, Maurizio; Medvedev, Denis - 2012

This paper summarizes the policy lessons from applications of the Maquette for MDG Simulations (MAMS) model to two low income countries: Ghana and Honduras. Results show that costs of MDGs achievement could reach 10-13 percent of GDP by 2015, although, given the observed low productivity in the...

Persistent link: https://www.econbiz.de/10012552831

Utilities Reforms and Corruption in Developing Countries

Estache, Antonio; Goicoechea, Ana; Trujillo, Lourdes - 2012

This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the introduction of independent regulators in those sectors, have not always had the expected effects on access, affordability, or quality of services. It also shows that corruption leads...

Persistent link: https://www.econbiz.de/10012553902

PPI partnerships versus PPI divorces in LDCs (or are we switching from PPPI to PPDI?)

Estache, Antonio - 2012

Thirty years ago, in 1974, Chile launched the first large-scale privatization in a developing country. About 15 years later, Argentina provided a new model of global infrastructure management. Since then a variety of public-private partnerships in infrastructure have been adopted throughout the...

Persistent link: https://www.econbiz.de/10012553931