详情

原文传递 Powering Up Developing Countries through Integration?

题名：	Powering Up Developing Countries through Integration?
责任者：	Auriol, Emmanuelle<=>Biancini, Sara
关键词：	Finance and Financial Sector Development；Debt Markets；Economic Theory and Research；Macroeconomics and Economic Growth；Markets and Market Access；Private Sector Development；Emerging Markets；Transport Economics Policy and Planning；Transport
学科分类：	交通运输规划与管理
摘要：	Power market integration is analyzed in a two-country model with nationally regulated firms and costly public funds. If the generation costs between the two countries are too similar, negative business stealing outweighs efficiency gains so that the subsequent integration welfare decreases in both regions. Integration is welfare enhancing when the cost difference between two regions is large enough. The benefits from export profits increase the total welfare in the exporting country, whereas the importing country benefits from lower prices. In this case, market integration also improves incentives to invest compared to autarky. The investment levels remain inefficient, however, especially for transportation facilities. Free riding reduces incentives to invest in these public-good components of the network, whereas business stealing tends to decrease the capacity to finance new investment.
出版机构：	World Bank
报告类型：	咨询报告
详细地址：	http://documents.worldbank.org/curated/en/2013/06/17888008/powering-up-developing-countries-through-integration
资源类型：	科技（咨询、行业）报告
初始创建时间：	2013-06
最新修改时间：	2017-12-14T05:29:50Z