Macroeconomic dimensions of public-private partnerships /
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| Imprint: | [Washington, D.C.] : International Monetary Fund, [2016] ©2016 |
|---|---|
| Description: | 1 online resource (49 pages) : color illustrations. |
| Language: | English |
| Series: | IMF working paper, 1018-5941 ; WP/16/78 IMF working paper ; WP/16/78. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12504848 |
MARC
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| 050 | 4 | |a HG3881.5.I58 |b W67 No. 16/78eb | |
| 245 | 0 | 0 | |a Macroeconomic dimensions of public-private partnerships / |c prepared by Edward F. Buffie, Michele Andreolli, Bin Grace Li, and Luis-Felipe Zanna. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c [2016] | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (49 pages) : |b color illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 1018-5941 ; |v WP/16/78 | |
| 500 | |a At head of title: "Research Department, Strategy, Policy, and Review Department, and Institute for Capacity Development." | ||
| 500 | |a "March 2016." | ||
| 504 | |a Includes bibliographical references (pages 47-48). | ||
| 520 | |a The voluminous literature comparing public-private partnerships (P3s) and own-investment (OI) by the public sector is dominated by contributions from microeconomic theory. This paper gives macroeconomics a voice in the debate by investigating the repercussions of P3 vs. OI in a dynamic general equilibrium model featuring private capital accumulation and involuntary unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure and boast a better on-time completion record than OI; consequently, they are comparatively more effective in reducing underinvestment in private capital, underinvestment in infrastructure, unemployment and poverty. The asymmetric impact on macro externalities raises the social return in the P3 2 - 9 percentage points relative to the social return to OI, depending on whether the externalities operate singly or in combination and on whether P3 enjoys an advantage in speed of construction.--Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed March 28, 2016). | |
| 650 | 0 | |a Public-private sector cooperation |x Econometric models. | |
| 650 | 0 | |a Infrastructure (Economics) |x Econometric models. | |
| 650 | 0 | |a Saving and investment |x Econometric models. | |
| 650 | 0 | |a Unemployment |x Econometric models. | |
| 650 | 6 | |a Partenariat public-privé |x Modèles économétriques. | |
| 650 | 7 | |a Infrastructure (Economics) |x Econometric models. |2 fast |0 (OCoLC)fst00973281 | |
| 650 | 7 | |a Saving and investment |x Econometric models. |2 fast |0 (OCoLC)fst01105962 | |
| 650 | 7 | |a Unemployment |x Econometric models. |2 fast |0 (OCoLC)fst01161217 | |
| 700 | 1 | |a Buffie, Edward F., |e author. | |
| 700 | 1 | |a Andreolli, Michele, |e author, |e (IMFstaff) | |
| 700 | 1 | |a Li, Grace Bin, |e author, |e (IMFstaff) | |
| 700 | 1 | |a Zanna, Luis-Felipe, |e author, |e (IMFstaff) | |
| 710 | 2 | |a International Monetary Fund. |b Research Department, |e issuing body. | |
| 710 | 2 | |a International Monetary Fund. |b Strategy, Policy, and Review Department, |e issuing body. | |
| 710 | 2 | |a International Monetary Fund. |b Institute for Capacity Development, |e issuing body. | |
| 830 | 0 | |a IMF working paper ; |v WP/16/78. | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2016/078/001.2016.issue-078-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 16/78eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2016/078/001.2016.issue-078-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12149182 | ||