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The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is...
Persistent link: https://www.econbiz.de/10012604015
Sierra Leone has made significant strides to rebuild its public infrastructure after the devastating civil war, but the … desperate infrastructure needs remain. At the end of the conflict in 2002, the country was left with virtually no infrastructure …. Redevelopment of public infrastructure was ignited by the mining boom, which started in the late 2000s. Over the period 2008a-18 …
Persistent link: https://www.econbiz.de/10012516444
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This paper suggests that human capital externalities are important in determining whether goods and services should be privately or publicly provided. We study situations where that the cost incurred by an individual provider for providing quality is affected by the human capital of her...
Persistent link: https://www.econbiz.de/10005124298
same firm when a better design of the infrastructure helps also to save on operating costs (positive externality … environments where the quality of the infrastructure may be hard to describe in advance, we isolate conditions under which either …
Persistent link: https://www.econbiz.de/10005136716
This Technical Assistance report discusses measures proposed to assess and manage fiscal risks from state-owned entities and public-private partnerships in Namibia. Fiscal risks from public entities (PEs) materialize when funding requirements are higher than expected or revenues shortfalls...
Persistent link: https://www.econbiz.de/10011919844
combined system' (e.g., Australia) where, contrary to the segregated system' (e.g., Canada), the same providers are sanctioned …
Persistent link: https://www.econbiz.de/10012470856
In recent years several countries have started massive highway franchising programs auctioned to private firms. In these auctions, the regulator typically sets the franchise term and firms bid on tolls, or, alternatively, the regulator sets tolls and the winner is the firm that asks for the...
Persistent link: https://www.econbiz.de/10012472124
This paper builds a model of adjustment toward PPP for a panel of real exchange rates. The model eliminates some inconsistencies in previous models, which implied a model for the real exchange rate of country B relative to country C that was not commensurate with the posited model of the real...
Persistent link: https://www.econbiz.de/10012472745