Economic Integration and Investment Incentives in Regulated Industries / Emmanuelle AURIOL 

Public ISBD Titre : Economic Integration and Investment Incentives in Regulated Industries Type de document : texte imprimé Auteurs : Emmanuelle AURIOL, Auteur ; Sara BIANCINI, Auteur Editeur : Agence Française de Développement (AFD) Année de publication : Avril 2009 Collection : Working Paper n°81 Importance : 38 p. ISBN/ISSN/EAN : 1954-3131 Langues : Anglais Index. décimale : 601 Économie et gestion industrielles, industrie rurale Résumé : The paper studies the impact of market integration on investment incentives in non-competitive industries. It distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a national regulator in a common market made of two countries. When public funds are costly, and production costs in the two countries are not very different, business stealing effect decreases welfare in both countries. Welfare increases in both countries when the difference in production costs is large enough. Market integration tends to increase the level of sustainable investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem arising for transportation facilities. Free-riding reduces the incentives to invest in these public-good components, while business-stealing reduces the capacity for financing new investment. Permalink : http://enda-cremed.org/bpd/opac_css/index.php?lvl=notice_display&id=16076 Economic Integration and Investment Incentives in Regulated Industries [texte imprimé] / Emmanuelle AURIOL, Auteur ; Sara BIANCINI, Auteur . - [S.l.] : Agence Française de Développement (AFD), Avril 2009 . - 38 p.. - (Working Paper n°81) . ISSN : 1954-3131 Langues : Anglais Index. décimale : 601 Économie et gestion industrielles, industrie rurale Résumé : The paper studies the impact of market integration on investment incentives in non-competitive industries. It distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a national regulator in a common market made of two countries. When public funds are costly, and production costs in the two countries are not very different, business stealing effect decreases welfare in both countries. Welfare increases in both countries when the difference in production costs is large enough. Market integration tends to increase the level of sustainable investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem arising for transportation facilities. Free-riding reduces the incentives to invest in these public-good components, while business-stealing reduces the capacity for financing new investment. Permalink : http://enda-cremed.org/bpd/opac_css/index.php?lvl=notice_display&id=16076

Exemplaires

Code-barres	Cote	Support	Localisation	Section	Disponibilité
16024	EDOCS-601/AUR/16024	Document de travail	Bibliothèque ENDA	Accéder au fonds	Exclu du prêt

Documents numériques

afd-wp81-eco-integr-invest-indust_2008.pdf Adobe Acrobat PDF

Public Private Partnerships in Water and Electricity in Africa / Emmanuelle AURIOL 

Public ISBD Titre : Public Private Partnerships in Water and Electricity in Africa Type de document : texte imprimé Auteurs : Emmanuelle AURIOL ; Aymeric BLANC Editeur : Agence Française de Développement (AFD) Année de publication : 2007/january Collection : Working Paper n°38 Importance : 31 p. Langues : Anglais Mots-clés : ELECTRIFICATION RURALE  CONSOMMATION D'ENERGIE  ACCES A L'EAU POTABLE  ALIMENTATION EN EAU  AFRIQUE Résumé : The paper analyzes the costs and benefits of private participation in the electricity and water industries in Sub- Saharan Africa. Contrary to conventional wisdom, the participation of private unregulated firms in the supply of services for the middle class and poor is fairly common in the region. This private involvement reflects the extreme weakness of African governments. By contrast, service to the rich is provided by public utilities. Theory then suggests that prices should be high, so that the public firms make a profit. Yet piped water, and to a lesser extent electricity, are heavily subsidized. This signals a problem of capture by the ruling elite. It is a matter of justice and efficiency to increase public utilities revenues to subsidize investment and fiscal relief. This is especially relevant in electricity, where the economies of scale are much larger than in water. Electrification is the biggest challenge to the African economy because it requires huge investment. Local and regional private investors can play a non-negligible role in reducing penury. However, their involvement is conditional on the financial health of the sector and on strong government commitment. Permalink : http://enda-cremed.org/bpd/opac_css/index.php?lvl=notice_display&id=16066 Public Private Partnerships in Water and Electricity in Africa [texte imprimé] / Emmanuelle AURIOL ; Aymeric BLANC . - [S.l.] : Agence Française de Développement (AFD), 2007/january . - 31 p.. - (Working Paper n°38) . Langues : Anglais Mots-clés : ELECTRIFICATION RURALE  CONSOMMATION D'ENERGIE  ACCES A L'EAU POTABLE  ALIMENTATION EN EAU  AFRIQUE Résumé : The paper analyzes the costs and benefits of private participation in the electricity and water industries in Sub- Saharan Africa. Contrary to conventional wisdom, the participation of private unregulated firms in the supply of services for the middle class and poor is fairly common in the region. This private involvement reflects the extreme weakness of African governments. By contrast, service to the rich is provided by public utilities. Theory then suggests that prices should be high, so that the public firms make a profit. Yet piped water, and to a lesser extent electricity, are heavily subsidized. This signals a problem of capture by the ruling elite. It is a matter of justice and efficiency to increase public utilities revenues to subsidize investment and fiscal relief. This is especially relevant in electricity, where the economies of scale are much larger than in water. Electrification is the biggest challenge to the African economy because it requires huge investment. Local and regional private investors can play a non-negligible role in reducing penury. However, their involvement is conditional on the financial health of the sector and on strong government commitment. Permalink : http://enda-cremed.org/bpd/opac_css/index.php?lvl=notice_display&id=16066

Exemplaires

Code-barres	Cote	Support	Localisation	Section	Disponibilité
16014	EDOCS-200/AUR/60	Etude	Bibliothèque ENDA	indéterminé	Exclu du prêt

Documents numériques

afd-wp38-pu-priv-partn-wat-af_ja2007.pdf Adobe Acrobat PDF

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