Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.3/4836
Título: Welfare impacts of road construction using a public-private partnership : a CGE analysis of a project
Autor: Bayar, Ali
Fortuna, Mário
Rege, Sameer
Palavras-chave: Infraestrutura Viária
Parcerias Público-Privadas (PPPs)
Public-Private Partnerships
Road Infrastructure
Azores
Data: Mar-2009
Editora: Universidade dos Açores
Citação: Bayar, Ali; Fortuna, Mário; Rege, Sameer (2009). Welfare impacts of road construction using a public-private partnership: a CGE analysis of a project, “Working Paper Series”, 5, 21 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.
Resumo: The Azorean Government embarked on a public-private partnership to build a road on the island of São Miguel, to circumvent the budget restriction imposed by the central government. We build a sequentially dynamic general equilibrium model with 45 sectors to measure the welfare changes arising from the project. The initial investment is amortised over a period and the payments are simulated through an increase in income taxes, reduction in transfer payments or calculating the fall in transport margins. We find that under any type of repayment scheme the welfare benefits do not justify the road construction thus making it a poor investment decision.
URI: http://hdl.handle.net/10400.3/4836
Aparece nas colecções:CEEAplA Working Paper Series 2009

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