scholarly journals Economic Perspectives on Privatization

1991 ◽  
Vol 5 (2) ◽  
pp. 111-132 ◽  
Author(s):  
John Vickers ◽  
George Yarrow
Keyword(s):  
Political Economy ◽  
Developing Countries ◽  
Economic Analysis ◽  
Private Enterprise ◽  
Enterprise Performance ◽  
Mainstream Economic ◽  
Public And Private ◽  
Political Implications ◽  
Economic Perspectives ◽  
Ownership Reform

Despite being one of the most fundamental issues in political economy, the question of the appropriate boundary between public and private enterprise received relatively little attention in mainstream economic analysis until quite recently. In the 1980s, however, programs of ownership reform were started in many developed and developing countries. Dramatic though some of these policies have been, they are likely to be overshadowed in the 1990s by even greater privatization in the reforming socialist economies. The opening sections of this paper are organized around three broad and interrelated questions. How does ownership matter for the efficiency of enterprise performance? What is the role for privatization in financing public debts and deficits? What are the distributional and political implications of privatization? Finally we examine privatization in practice in three countries: Britain, Chile, and Poland.

scholarly journals Understanding the Organization of Green Activism: Sociological and Economic Perspectives

2018 ◽  
Vol 33 (1) ◽  
pp. 7-30 ◽  
Author(s):  
Anthony Heyes ◽  
Brayden King
Keyword(s):  
Economic Analysis ◽  
The Other ◽  
Future Research ◽  
Environmental Damage ◽  
Actor Model ◽  
Environmental Movements ◽  
Public And Private ◽  
Rational Actor ◽  
Private Politics ◽  
Economic Perspectives

Environmental activists are an important voice in public and private politics, urging governmental and corporate responses and solutions to ongoing environmental damage. Scholars have become increasingly interested in understanding environmental movements and the influence of environmental activist organizations. This article describes two literatures that have analyzed the dynamics and outcomes of activism, one based in a sociological examination of social movements and the other in economic analysis of activist nongovernmental organizations. Although the literatures sometimes use different language and methods, they have much in common. We highlight the consistent themes—in particular the shared respect for the rational actor model—the particular strengths of each tradition, and directions for future research where synergies between the disciplines could be more fully exploited.

scholarly journals Francesco Ferrara, il primo degli economisti cafoscarini

2018 ◽  
Author(s):  
Riccardo Faucci
Keyword(s):  
Political Economy ◽  
Economic Policy ◽  
Economic Analysis ◽  
Free Market ◽  
Favorable Attitude ◽  
The Political ◽  
New School ◽  
Social Interventions ◽  
Political Implications

The paper presents the important personality of the great Italian economist Francesco Ferrara who has been the first Director of the new School of Commerce founded in Venice in 1868. The paper is divided in two parts: the first part presents the main features of Francesco Ferrara as an economist, showing how he was clearly a supporter of a free-market oriented vision of the economic analysis and of the economic policy, not liking at all a vision of the economic analysis separated from the political implications, but definitely favouring a political economy vision. He was a sharp opponent of socialism, although admiring the logical power of Marx’s thought, but not Marxian ideas. But he was also an opponent of intermediate visions leading to mediations in the field of economic policy. His rather radical positions led him to resign from the role of minister of Finance. In the second part the paper shows how Ferrara accepted the proposal of Luigi Luzzatti to be appointed as director of new School of Commerce of Ca’ Foscari in summer 1868; the paper shows how the relations between Ferrara and Luzzatti were characterized by polemical moments, both because of the lines followed by Ferrara in appointing the professors of the new school and because of the openness shown by Luzzatti, and not liked at all by Ferrara, towards policies showing a favorable attitude towards social interventions. Eventually the disagreements were solved. Finally, the paper shows how Ferrara succeeded in appointing at Ca’ Foscari some of the most important Italian economists of his time, such as Maffeo Pantaleoni.

The income expenditure model. The multiplier in the simple economy

2020 ◽  
Author(s):  
Javier Sánchez-Rivas García ◽  
María del Pópulo Pablo-Romero Gil-Delgado ◽  
Alfonso Expósito García ◽  
Palma Gómez-Calero Valdés ◽  
María del Pilar Espinosa Goded
Keyword(s):  
Political Economy ◽  
Economic Analysis

Didactic animation that explains the income-expenditure model and how the multiplier in a simple economy is obtained, as well as the necessary graphics to show the aforementioned model. Department of Economic Analysis and Political Economy.

Does This Road Go on Forever? Modelling Sustainability of Infrastructure in Developing Countries

2017 ◽  
Vol 9 (2) ◽  
pp. 69-81 ◽  
Author(s):  
Jeremy Streatfeild
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Developing Countries ◽  
Transportation Networks ◽  
Recipient Country ◽  
Institutional Capacity ◽  
Rate Of Return ◽  
Due Diligence ◽  
Political Economy Analysis ◽  
Maintenance Performance

There are not enough roads in developing countries but it is not for a lack of spending to address this shortfall. Multilateral and bilateral development agencies have invested billions of dollars to build up new transportation networks because the shortage of road supply constrains trade and economic growth. However, these new roads often do not last as long as initially anticipated so many of the same donors worry that governments will not provide sufficient maintenance of these investments. In turn, economists suggest that weak maintenance performance may be due to low institutional capacity in the recipient country or even a lack of budgetary funds—both easy fixes that warrant an optimal benefit stream according to their economic rate of return in HDM4 models (“ERR”). However, these maintenance reforms have had mixed results which we argue is the result of a deeply entrenched institutional concern that requires intricate analysis and project-tailored reform approaches to remedy. Even then, these reforms may not exhibit incremental benefits for an ERR. In sum, ERR models of roads should include a rigorous political economy analysis as a due diligence prerequisite in order to substantiate any included assumptions of maintenance reforms resulting from a donor project.

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