| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13844 |
| DP13844 Funding and financing infrastructure: The joint-use of public and private finance | |
| David Martimort; Stephane Straub; Marianne Fay | |
| 发表日期 | 2019-07-06 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We characterize the structure of financial and regulatory infrastructure contracts and derive conditions under which public and private finance coexist. This requires a combination of regulated prices and public subsidies sufficiently attractive for outside financier pointing at a fundamental trade-off between financial viability and social inclusion. While improvements in the efficiency of bankruptcy procedures facilitate access to private finance, institutional changes lowering the cost of public funds make public finance more attractive. Project data from the PPI database provides support for our findings and reveals an inverse U-shaped pattern, with private finance peaking for countries in the upper-middle income range. |
| 主题 | Development Economics ; Financial Economics ; Industrial Organization ; Public Economics |
| URL | https://cepr.org/publications/dp13844 |
| 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/542720 |
| 推荐引用方式 GB/T 7714 | David Martimort,Stephane Straub,Marianne Fay. DP13844 Funding and financing infrastructure: The joint-use of public and private finance. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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