Showing 1 - 10 of 843
Persistent link: https://www.econbiz.de/10001301539
Spending on necessary infrastructure is likely to be cut back in coming decades, as the federal and state governments struggle with large debt burdens. This will hamper future growth, particularly given the dismal state of current infrastructure. The American Society of Civil Engineers estimates...
Persistent link: https://www.econbiz.de/10009357768
Este trabajo describe en forma sistemática los montos renegociados en las 50 concesiones cuyos datos han sido publicados por el MOP en su página web. Nuestra principal conclusión es que las renegociaciones son frecuentes y que involucran montos considerables. En promedio, cada concesión ha...
Persistent link: https://www.econbiz.de/10004965169
Public-private partnerships (PPPs) are increasingly used to provide infrastructure services. Even though PPPs have the potential to increase efficiency and improve resource allocation, contract renegotiations have been pervasive. We show that existing accounting standards allow governments to...
Persistent link: https://www.econbiz.de/10008518361
This paper studies quarterly employment flows of approximately 10,000 large U.S. manufacturing establishments. We use establishments' hours-week to construct measures of the deviation between desired and actual employment and then we use these as the state variables upon which units decide their...
Persistent link: https://www.econbiz.de/10005101545
Infrastructure concessions are frequently renegotiated after investments are sunk, resulting in better contractual terms for the franchise holders. This paper offers a political economy explanation for renegotiations that occur with no apparent holdup. We argue that they are used by political...
Persistent link: https://www.econbiz.de/10005101554
Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are desirable because the private sector is more efficient, the contract that optimally trades demand risk, user-fee distortions and the opportunity cost of public funds is characterized by a minimum...
Persistent link: https://www.econbiz.de/10005101565
Este trabajo analiza cualitativamente las consecuencias económicas de los impuestos a las ganancias de capital actualmente vigentes en Chile. Se describen los tratamientos especiales que reciben los distintos tipos de ganancia de capital y se analizan sus consecuencias sobre la asignación de...
Persistent link: https://www.econbiz.de/10005101568
Public-private partnerships (PPPs) cannot be justified because they free public funds. When PPPs are desirable because the private sector is more efficient, the contract that optimally trades demand risk, user-fee distortions and the opportunity cost of public funds is characterized by a minimum...
Persistent link: https://www.econbiz.de/10005101569
Estimating the impact of changes in enforcement spending is of interest to tax authorities and policymakers. The literature on tax compliance usually focuses on the effect that these changes have on tax evasion, whish makes it difficult to obtain reliable estimates, since evasion data are often...
Persistent link: https://www.econbiz.de/10005101571