| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP831 |
| DP831 Privatization, Public Deficit Finance, and Investment in Infrastructure | |
| Nikos Christodoulakis; Yannis Katsoulacos | |
| 发表日期 | 1993-09-30 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | The paper presents a theoretical analysis of the relationship between privatization and public deficit finance. We examine the optimal magnitude of public asset sales and the extent to which privatization can be used to reduce taxes, or, to retire public debt, for two cases. In the first, standard case, privatization proceeds are used directly to finance the public deficit, while in the second they are used in cost-reducing public investment in infrastructure. In the latter case the government gains through smaller deficits of remaining public firms, higher proceeds from profit taxation and a smaller net employment loss. We find that the second case will often be associated with lower taxes for any given number of privatizations and a greater optimal number of privatizations than the first. |
| 关键词 | Infrastructure Privatization Public finance Public investment |
| URL | https://cepr.org/publications/dp831 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529984 |
| 推荐引用方式 GB/T 7714 | Nikos Christodoulakis,Yannis Katsoulacos. DP831 Privatization, Public Deficit Finance, and Investment in Infrastructure. 1993. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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