The authors provide empirical evidence on the impact that private participation in infrastructure has had on key macroeconomic variables in a sample of 21 Latin American countries from 1985-98. Specifically, they look at the effects on GDP per capita, current public expenditures, public...

Trujillo, Martiacute;n, Estache, and Campos provide empirical evidence on the impact that private participation in infrastructure has had on key macroeconomic variables in a sample of 21 Latin American countries from 1985-98. Specifically, they look at the effects on GDP per capita, current...

Using a dataset from consumption patterns in the island of Gran Canaria collected by the authors, this paper attempts to quantify some non-positive effects of tourism on local destination retail markets for goods and services. In particular, we empirically prove, controlling by factors such as...

In this paper we critically assess some economic principles underlying the European transport policy in recent years. In particular, our analysis focuses on three main ideas. The first one is the promising role played by the vertical unbundling of transport infrastructures and services as a key...

Almost a decade after Argentina began privatizing its railways, resolution of the conflicts between regulators, users and operators continues to take longer, and to be more difficult than expected. This paper shows that many of these conflicts arose because there are no rule of interactions...

When major investors own shares in several firms in the same industry, the traditional approach to concentration measurement by the Hirschman--Herfindahl Index (HHI) fails to accurately reflect the level of competition in the market. To address this problem we derive a generalized HHI formula...