Purpose This paper aims to answer the following question: Is PPP a financially viable alternative for the management of regional airports in Brazil? Design/methodology/approach The methodology is based on the case study of the innovative model of Zona da Mata Regional Airport management. It was...

The new Labour Government elected in 1997, which as a party in opposition had fought hard to overcome public fears about Labours leftist tendencies, had to marry its promise to invest more in public services with strict self-imposed budgetary rules. How could this be achieved?.

This paper utilises evidence from the first collapse of a private finance initiative in the UK, that of the National Physical Laboratory, to examine the reality of PFIs in contrast to the rhetoric presented by government...

The objective of this paper is to analyze the effects of alternative monetary rules on realexchange rate persistence. Using a two-country stochastic dynamic general equilibrium withnominal price stickiness and local currency pricing, we will show how the persistence ofpurchasing power parity...

Catastrophes of all times, Man-made catastrophes; naturla catstrophes; Different forms of government intervention in compensation; law and economics literature is crittical: implicit subsidy...

This paper considers critically the question of what constitutes „local partnership‟, including the stated meanings and implicit power relationships within, for instance, public/private partnerships, specific projects such as Building Schools for the Future or the „area partnership‟...