Winners And Losers From Utility Privatization In Argentina
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Winners And Losers From Utility Privatization In Argentina
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Author : Omar O. Chisari
language : en
Publisher: World Bank Publications
Release Date : 1997
Winners And Losers From Utility Privatization In Argentina written by Omar O. Chisari and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Argentina categories.
Winners And Losers From Utility Privatization In Argentina Lessons From A General Equilibrium Model
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Author : Antonio Estache
language : en
Publisher:
Release Date : 1999
Winners And Losers From Utility Privatization In Argentina Lessons From A General Equilibrium Model written by Antonio Estache and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
September 1997 The economic rates of return for utility privatization projects in Argentina are very high, whether or not distributional weights are considered. But there is a very high shadow price for regulatory activity, which tends to be ignored in most privatization exercises. And how serious a government is about the fair distribution of gains from reform is reflected in how serious it is about regulation. Chisari, Estache, and Romero assess the macroeconomic and distributional effects of the privatization that Argentina began in 1989 in gas, electricity, telecommunications, and water and sanitation. Using a computable general equilibrium model, they track the effects of the changes observed between 1993, the first year by which all the major privatizations had taken place, and 1995, the most recent year for which data are available. In an innovative use of the model, they also assess the importance of the regulator in determining the distribution of gains and losses from utility privatization among sectors and income groups. They conclude that when regulators are effective, the annual gains from the private operation of utilities are about $3.3 billion, or 1.25 percent of GDP, and that all income classes benefit. Ineffective regulation cuts the gains from the reform by $1 billion or 0.35 percent of GDP. This cut in gains represents an implicit tax of 16 percent on the average consumer, paid directly to the owner of the utility rather than to the government. For the poorest income classes, this implicit tax is about 20 percent, meaning that good regulation is in the interest of the poor. The authors also show that the privatization of utilities cannot be blamed for the significant increase in unemployment observed in Argentina since 1993. Effective regulation can lead to a decline in unemployment, and ineffective regulation leads to only a small increase in unemployment. But the gains from utility privatization were not sufficient to offset the negative efficiency and distributional impact on the economy of the Tequila effect, which increased unemployment dramatically by limiting access to credit for users and producers alike. This paper-a product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute-is part of a larger effort in the institute to understand the importance of effective infrastructure regulation. The study was funded by the Bank's Research Support Budget under the research project Efficiency and Equity Implications of Argentina's Privatization of Infrastructure Services (RPO 680-85).
Power For Development
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Author : Fernando Reyes Manibog
language : en
Publisher: World Bank Publications
Release Date : 2003-01-01
Power For Development written by Fernando Reyes Manibog and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.
This publication evaluates the performance of the World Bank Group (WBG) during the 1990s in promoting private sector development in the electric power sector in 80 countries. Main findings include that where countries showed a commitment to advancing reforms in promoting private sector development and where programmes were properly implemented, the expected benefits were delivered. However, quality of outcomes depended on the objectives pursued and on types of assistance provided, with most countries remaining in the early stages of reform.
Private Participation In Infrastructure In Developing Countries
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Author : Clive Harris
language : en
Publisher: World Bank Publications
Release Date : 2003
Private Participation In Infrastructure In Developing Countries written by Clive Harris and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Developing countries categories.
Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned monopolies. But in many developing countries, the results were disappointing. Public sector monopolies were plagued by inefficiency. Many were strapped for resources because governments succumbed to populist pressures to hold prices below costs. Fiscal pressures, and the success of the pioneers of the privatization of infrastructure services, provided governments with a new paradigm. Many governments sought to involve the private sector in the provision and financing of infrastructure services. The shift to the private provision that occurred during the 1990s was much more rapid and widespread than had been anticipated at the start of the decade. By 2001, developing countries had seen over $755 billion of investment flows in nearly 2500 infrastructure projects. However, these flows peaked in 1997, and have fallen more or less steadily ever since. These declines have been accompanied by high profile cancellations or renegotiations of some projects, a reduction in investor appetite for these activities and, in some parts of the world, a shift in public opinion against the private provision of infrastructure services. The current sense of disillusionment stands in stark contrast to what should in retrospect be surprise at the spectacular growth of private infrastructure during the 1990s.
Public Private Partnerships For Urban Water Utilities
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Author : Philippe Marin
language : en
Publisher: World Bank Publications
Release Date : 2009-09-22
Public Private Partnerships For Urban Water Utilities written by Philippe Marin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-22 with Technology & Engineering categories.
'Public-Private Partnerships for Urban Water Utilities: A Review of Experiences in Developing Countries' analyzes the market growth of Public-Private Partnerships (PPPs) in the developing world since 1990, and the performance of more than 65 large water PPP projects representing more than 100 million people for access, service quality, operational efficiency, and tariff levels. Although a relatively small portion of the water utilities in the developing world are operated under PPPs (about 7 percent in 2007), the urban population served by private water operators has grown every year since 1990. Despite many difficulties encountered by PPP projects and a few contract terminations, a large majority of contracts awarded since 1990 are still in place. The track record for improving service and efficiency reaffirms the value of PPPs to help turn around poorly performing water utilities, even though the level of private financing did not match initial expectations. Over time, a more realistic market has developed, the number of private investors from developing countries has grown, and contract designs have become more pragmatic concerning risk allocations between partners. The water sector has many features that set it apart from other infrastructure sectors. This book suggests the need for careful consideration of those specificities to successfully involve private operators. Although concessions with private financing have worked in a few places, contractual arrangements that combine private operation with public financing appear to be the most sustainable option in many countries. Policy makers, stakeholders, and donors need to remain heavily engaged in the water sector, especially in the poorest countries and during a global financial crisis. This book contributes to a better understanding of the various options to tackle the many challenges of providing water and sanitation services to urban populations in the developing world.
Privatization South American Style
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Author : Luigi Manzetti
language : en
Publisher: Oxford University Press, USA
Release Date : 1999
Privatization South American Style written by Luigi Manzetti and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
It also examines the apparently 'unconventional' methods at times used by the governments of Argentina, Brazil, and Peru to achieve privatization."--Jacket.
Utility Privatization And The Needs Of The Poor In Latin America
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Author : Antonio Estache
language : en
Publisher: World Bank Publications
Release Date : 2000
Utility Privatization And The Needs Of The Poor In Latin America written by Antonio Estache and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Infrastructure (Economics) categories.
Do Latin America's poor households lose from the privatization of infrastructure? How can policymakers minimize the risk of losses while promoting competition and private financing of infrastructure?
Latin American Economic Crises
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Author : E. Bour
language : en
Publisher: Springer
Release Date : 2003-12-09
Latin American Economic Crises written by E. Bour and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12-09 with Social Science categories.
This volume examines issues of economic interest faced by Latin America economies in the late Twentieth-century. The fifteen chapters deal with macroeconomic problems, financial crises, the development of trade and trade agreements and labour issues. Of particular interest are the chapters dealing with Argentina, which provide an absorbing background to the financial crisis faced today.
Core Indicators For Determinants And Performance Of The Electricity Sector In Developing Countries
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Author : Tooraj Jamasb
language : en
Publisher: World Bank Publications
Release Date : 2005
Core Indicators For Determinants And Performance Of The Electricity Sector In Developing Countries written by Tooraj Jamasb and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Electric power categories.
Abstract: "Since the early 1990s, substantial resources and efforts have been spent on implementing market-oriented electricity reforms in developing countries. While there are important sectoral, economic, and social dimensions involved in electricity reform, empirical analysis and evaluation of reforms have been of limited use for testing the economic rationale of reforms and policy advice. This may partly be attributed to a lack of generally accepted and measured indicators for monitoring the progress, impacts, and performance of reforms. In this paper the authors propose a set of indicators as a first step toward filling this gap and developing a coherent framework for studying electricity reform in developing countries that covers resource and institutional endowments, key reform steps, market structure, performance, and various impacts."--World Bank web site.
The Economies Of Argentina And Brazil
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Author : Werner Baer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01
The Economies Of Argentina And Brazil written by Werner Baer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Business & Economics categories.
This book compares the successes and failures of the development and growth processes of Argentina and Brazil. It provides important insights into the different performances of these economies through a series of comparative essays written by Argentinian and Brazilian economists. In the last 60 years Argentina and Brazil have both undergone a dramatic process of urbanization and industrialization. While there are similarities between the two, each country has dealt with the side effects in a different manner. In this insightful book, Argentinean and Brazilian economists expertly analyze their country's experiences with processes of industrialization, the performance of the agricultural and service sectors, the impact of foreign investments, the distribution of income, the roles of the state and the privatization experience, and inflationary and stabilization experiences. The contrast of the two emerging countries addressing these challenges will offer students, economists and other social scientists significant new insights into the economic development process. Many of the articles will also appeal to individuals in multinational corporations and banks that have to deal with emerging market economies.