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economies have a quasi-fiscal deficit below 3 percent of gross domestic product (Algeria, Morocco, Tunisia, Qatar, and the West … ability to make those investments is limited by fiscal and macroeconomic constraints. This paper demonstrates that the … of the quasi-fiscal deficit associated with the management of the electricity sector in 14 economies in the Middle East …
Persistent link: https://www.econbiz.de/10012941037
between state and local governments. We analyze sewage treatment policies in the state of São Paulo, Brazil. Relying on … provision. Conceptually, we find that, with uncertain local commitment and weakly enforceable local obligations, shared mandates …
Persistent link: https://www.econbiz.de/10011261761
the sector - typically in tandem with local construction companies - that feel confident they can take on regulators in …
Persistent link: https://www.econbiz.de/10005128600
Almost a decade after Argentina began privatizing its railways, resolution of conflicts between regulators, users, and operators continues to take longer, and to be more difficult, than expected. The authors contend that many of these conflicts arose because there are no rules for interactions...
Persistent link: https://www.econbiz.de/10005128686
face major affordability and service quality issues which were not well addressed by the reforms of the 1990s. The authors …
Persistent link: https://www.econbiz.de/10005128913
Economists often characterize the regulation of monopolies as a"game"(between the regulator and the service provider) in which the two players do not share the same information. The regulator is assumed to have poorer information than the service provider about the scope of future efficiency...
Persistent link: https://www.econbiz.de/10005129119
inconsistent with the fiscal gains expected by many policymakers as they engage in infrastructure privatization programs. …
Persistent link: https://www.econbiz.de/10005133420
It is commonly argued that when the benefits of an infrastructure service are mostly local and there is little scope … - decentralization is the most effective way to deliver service. Those services have been decentralized in many countries, and many …. Power generation and distribution can now be handled competitively by decentralized units, and parts of some local telephone …
Persistent link: https://www.econbiz.de/10005133563