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This paper surveys the main issues and controversies in the economic literature on infrastructure in developing … countries. Section I reviews the evidence on the role of infrastructure in promoting economic growth. It is argued that …, although infrastructure may be more important for growth than other types of capital, the exact size and form of its effect is …
Persistent link: https://www.econbiz.de/10010323687
We investigate the sensitivity of consumer surplus estimates to parametric assumptions on individual preference heterogeneity in a discrete choice framework. We compare results from a parametric random coefficients logit model and a recently proposed nonparametric sieve estimator. In particular,...
Persistent link: https://www.econbiz.de/10010303001
The Contingent Valuation Method (CVM) aims at the assessment of people's willingness to pay (WTP) for a public project. The sum of the individual WTPs is interpreted as the social benefits of the project under consideration and compared to the project costs. If the benefits exceed the costs the...
Persistent link: https://www.econbiz.de/10010299973
The Privatization of the national public utilities that took place almost a decade ago in Argentina seem to be … little significance in all cases, except in water and sewage. – privatization ; public utilities ; regulatory reform …
Persistent link: https://www.econbiz.de/10010279113
Persistent link: https://www.econbiz.de/10011696614
This paper argues that, despite important productivity gains, reforms have benefited consumers much less than expected in El Salvador. Antitrust legislation, consumer protection and an adequate regulation of privatized utilities are central ingredients of a successful market economy. Major...
Persistent link: https://www.econbiz.de/10010369198
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Persistent link: https://www.econbiz.de/10011696495
The objective of this paper is to review the experience of infrastructure regulation in low and middle income countries … infrastructure regulation in the low and middle income economies of the Asia region.An essential requirement for economic growth and … sustainable development is the provision of efficient, reliable and affordable infrastructure services, such as water and …
Persistent link: https://www.econbiz.de/10011282430
Persistent link: https://www.econbiz.de/10010279690