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Cotton sectors in Sub-Saharan Africa (SSA) were run by monopolistic para-statal organisms for a long time. They embarked upon a restructuring/liberalisation process as of the mid-1980s but the outcomes were mitigated at best. As these sectors resemble service distribution networks...
Persistent link: https://www.econbiz.de/10008789285
limits of that process. Then, a historical and global overview of the liberalization movement and the actual state of the … liberalization process in the water sector. Section III looks at how these factors operate in three models of liberalization … challenges of liberalization in the water sector, which have to do with guaranteeing integrity and coherence of water systems. …
Persistent link: https://www.econbiz.de/10010635242
What is the optimal wat to stabilize shocks and to take care of fiscal discipline in a fiscal union ? Among the various possible ways, this paper focuses on an inter-countries insurance scheme conditioned by the national preference for the fiscal discipline of each government. We will show that...
Persistent link: https://www.econbiz.de/10008792880
Calls for liberalizing cash crop sectors in sub-saharan Africa have been voiced for decades. Yet, the impact of reforms remains elusive in empirical studies. This paper offers new opportunities to solve this problem by creating precise and consistent market organisation indices for 25 African...
Persistent link: https://www.econbiz.de/10010738787
This essay develops the financial instability hypothesis of Hyman Minsky through an analysis of the pitfalls of the liberal regulatory framework in order to deal with long-standing and long-lasting financial issues of capitalist economies. It argues that the roots of the 2007/08 crisis are...
Persistent link: https://www.econbiz.de/10010899268
. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the …
Persistent link: https://www.econbiz.de/10008790791
of privatization/liberalization, at distinct modalities, within the implementation of globalization-oriented policies …
Persistent link: https://www.econbiz.de/10008791237
In The Myth of Ownership - Taxes and Justice, Liam Murphy and Thomas Nagel (2002) launch an attack against a straw man, the economist who believes that taxation should minimally interfere with property rights and should seek to preserve the market distribution of wealth and income. Instead they...
Persistent link: https://www.econbiz.de/10010821442
This paper discusses how the economic structure and asset ownership shape economic and political outcomes. Using a simple model of the productive sector, I provide theoretical evidence that complementarities between productive assets reduce the stakes of political competition, and therefore...
Persistent link: https://www.econbiz.de/10010738862
The extraordinary influence of The Problem of Social Cost" is now well acknowledged. Beyond the official recognition coming with the award of the Alfred Nobel Memorial Prize in Economic Sciences as well as the myriad citations, what may matter most, as emphasized by Mary Shirley (2013), is that...
Persistent link: https://www.econbiz.de/10011025618