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Public–Private Partnerships (PPP) in transport are a growing phenomenon throughout the world. The developing world in particular has seen a veritable explosion of such arrangements. There can be, however, a significant difference between developing countries that are ‘low-income’ versus...
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After the rapid and dramatic demise of the Soviet Union in 1991, 15 newly autonomous republics are restructuring their economies after decades of central Communist planning. The three Baltic states of Latvia, Lithuania and Estonia had successful market-oriented economies during more than two...
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, tax simplification and reform, supermajority voting, deregulation, and privatization. …
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monopolist to study the effects of privatization on steady state levels of income. We allow for public sector inefficiencies … relative inefficiency of public firms and the amount of public investment. Furthermore, the gains from privatization are found … to be strongly related to the balance sheet of the public firm that is privatized. Privatization of public firms which …
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