Public versus private provision of infrastructure in a neoclassical growth model
Autor(a) principal: | |
---|---|
Data de Publicação: | 1998 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/814 |
Resumo: | This article studies the welfare and long run allocation impacts of privatization. There are two types of capital in this model economy, one private and the other initially public ('infrastructure'). A positive externality due to infrastructure capital is assumed, so that the government could improve upon decentralized allocations internalizing the externality, but public investmentis …nanced through distortionary taxation. It is shown that privatization is welfare-improving for a large set of economies and that after privatization under-investment is optimal. When operation inefficiency in the public sectoror subsidy to infrastructure accumulation are introduced, gains from privatization are higherand positive for most reasonable combinations of parameters. |
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Ferreira, Pedro CavalcantiEscolas::EPGEFGV2008-05-13T15:35:35Z2010-09-23T18:58:31Z2008-05-13T15:35:35Z2010-09-23T18:58:31Z1998-11-010104-8910http://hdl.handle.net/10438/814This article studies the welfare and long run allocation impacts of privatization. There are two types of capital in this model economy, one private and the other initially public ('infrastructure'). A positive externality due to infrastructure capital is assumed, so that the government could improve upon decentralized allocations internalizing the externality, but public investmentis …nanced through distortionary taxation. It is shown that privatization is welfare-improving for a large set of economies and that after privatization under-investment is optimal. When operation inefficiency in the public sectoror subsidy to infrastructure accumulation are introduced, gains from privatization are higherand positive for most reasonable combinations of parameters.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;339Public goodsPrivatizationWelfareInfrastructureEconomiaEconomiaPublic versus private provision of infrastructure in a neoclassical growth modelinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1192.pdf.jpg1192.pdf.jpgGenerated Thumbnailimage/jpeg4306https://repositorio.fgv.br/bitstreams/432cd589-66b5-49e4-a08e-4aeeab8c2fa8/download9a33667e322f6efee55211b838793092MD58ORIGINAL1192.pdfapplication/pdf427135https://repositorio.fgv.br/bitstreams/b2686353-1760-4cb0-b55a-57617e751320/download017748c1586a98db93f57b9a527dd828MD52TEXT1192.pdf.txt1192.pdf.txtExtracted texttext/plain50880https://repositorio.fgv.br/bitstreams/27635542-7de3-4d48-8014-e6fb8787ad35/download126f2231067446675b7f77c894c5740fMD5710438/8142023-11-09 22:24:26.349open.accessoai:repositorio.fgv.br:10438/814https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T22:24:26Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Public versus private provision of infrastructure in a neoclassical growth model |
title |
Public versus private provision of infrastructure in a neoclassical growth model |
spellingShingle |
Public versus private provision of infrastructure in a neoclassical growth model Ferreira, Pedro Cavalcanti Public goods Privatization Welfare Infrastructure Economia Economia |
title_short |
Public versus private provision of infrastructure in a neoclassical growth model |
title_full |
Public versus private provision of infrastructure in a neoclassical growth model |
title_fullStr |
Public versus private provision of infrastructure in a neoclassical growth model |
title_full_unstemmed |
Public versus private provision of infrastructure in a neoclassical growth model |
title_sort |
Public versus private provision of infrastructure in a neoclassical growth model |
author |
Ferreira, Pedro Cavalcanti |
author_facet |
Ferreira, Pedro Cavalcanti |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Ferreira, Pedro Cavalcanti |
dc.subject.eng.fl_str_mv |
Public goods Privatization Welfare |
topic |
Public goods Privatization Welfare Infrastructure Economia Economia |
dc.subject.por.fl_str_mv |
Infrastructure |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
This article studies the welfare and long run allocation impacts of privatization. There are two types of capital in this model economy, one private and the other initially public ('infrastructure'). A positive externality due to infrastructure capital is assumed, so that the government could improve upon decentralized allocations internalizing the externality, but public investmentis …nanced through distortionary taxation. It is shown that privatization is welfare-improving for a large set of economies and that after privatization under-investment is optimal. When operation inefficiency in the public sectoror subsidy to infrastructure accumulation are introduced, gains from privatization are higherand positive for most reasonable combinations of parameters. |
publishDate |
1998 |
dc.date.issued.fl_str_mv |
1998-11-01 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:35:35Z 2010-09-23T18:58:31Z |
dc.date.available.fl_str_mv |
2008-05-13T15:35:35Z 2010-09-23T18:58:31Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/814 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/814 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;339 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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FGV |
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FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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