IDEAS home Printed from https://ideas.repec.org/a/ila/anaeco/v25y2010i1p79-116.html
   My bibliography  Save this article

Marginal Cost of Public Funds and Regulatory Regimes: Computable General Equilibrium Evaluation for Argentina

Author

Listed:
  • Omar O. Chisari

    (Universidad Argentina de la Empresa and CONICET)

  • Martin Cicowiez

    (Universidad Nacional de La Plata)

Abstract

We estimate the Marginal Cost of Public Funds for Argentina using a Computable General Equilibrium (CGE) model, assessing the sensitivity of the results to the existence of alternative regulatory regimes (price-cap and cost-plus) for public utilities subject to regulation. The estimates are in the range of international studies, and we confirm that the results are sensitive to the regulatory regime, to the presence of exempted goods, the existence of unemployment, the elasticity of labor supply, as well as to the degree of capital mobility, between sectors and internationally. In addition, our results highlight the existence of differential propensity to finance public projects under price-cap regimes vis-á-vis cost-plus regimes.

Suggested Citation

  • Omar O. Chisari & Martin Cicowiez, 2010. "Marginal Cost of Public Funds and Regulatory Regimes: Computable General Equilibrium Evaluation for Argentina," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 25(1), pages 79-116, June.
    • Handle: RePEc:ila:anaeco:v:25:y:2010:i:1:p:79-116
    as

    Download full text from publisher

    File URL: http://www.rae-ear.org/index.php/rae/article/view/319
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marlène GUILLON & Jacky MATHONNAT, 2017. "Is there a strategy in China’s health official development assistance to African countries?," Working Papers 201720, CERDI.
    2. Pascale PHELINAS & Sonia SCHWARTZ, 2017. "Regulating transgenic soybean production in Argentina," Working Papers 201721, CERDI.
    3. Honkatukia, Juha & Dixon, Peter & Rimmer, Maureen & Tamminen, Saara, 2013. "The Costs of Fiscal Thrift," Conference papers 330255, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Honkatukia, Juha & Tamminen, Saara, 2012. "What is the Price of Austerity? – A Dynamic AGE-analysis for Finland," Conference papers 332274, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Dixon, Peter & Honkatukia, Juha & Rimmer, Maureen, 2012. "The Marginal Cost of Funds from Different Taxes in Finland – An AGE evaluation," Conference papers 332273, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

    More about this item

    Keywords

    Marginal cost public funds; regulation; general equilibrium; Argentina.;
    All these keywords.

    JEL classification:

    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • L5 - Industrial Organization - - Regulation and Industrial Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ila:anaeco:v:25:y:2010:i:1:p:79-116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mauricio Tejada (email available below). General contact details of provider: https://edirc.repec.org/data/deilacl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.