Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/52998 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
WIDER Discussion Paper No. 2001/33
Verlag: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Zusammenfassung: 
Relying on a general equilibrium model of Argentina’s economy calibrated for 1993 and internalizing all productivity and scale gains achieved up to 1999, this paper isolates the distributional effects of utilities reform from the impact of other reforms taking place in the country during the 1990s. The analysis shows that both private and public agents gain from the increases in productivity and in service access made possible by the utilities reform. In the short term, the public sector benefits from the proceeds of the sale of firms and the associated debt reduction, but greater advantages in the long term accumulate from the expanded taxbase and from the reduction in expenditure flows. Private agents gain from lower costs, lower average tariffs, and improvements in service quality as well as greater employment opportunities resulting from lower production costs. These welfare gains, however, are substantially offset by the ‘tequila’ and ‘vodka’ shocks that hit the country during the 1990s and increased rationing in the credit markets. The distributional effects of the utilities reform are generally positive at this macroeconomic level of analysis, but this often implies a strong commitment to an effective regulatory regime to prevent capture of the contributions of reform by the capital owners of the utilities sector.
Schlagwörter: 
computable general equilibrium
regulation
JEL: 
C68
L5
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
130.78 kB





Publikationen in EconStor sind urheberrechtlich geschützt.