On the Marginal Cost of Public Funds for Argentina: CGE Evaluation and Sensitivity to Regulatory Regimes

Omar Chisari and Martín Cicowiez

No 25_2008, UADE Working Papers from Instituto de Economía, Universidad Argentina de la Empresa

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. Although the estimates are in the range of international studies, we find that the results are sensitive to the regulatory regime, to the presence of exempted goods, the existence of unemployment, the value of the elasticity of labor supply, as well as to the degree of capital mobility, between sectors and internationally.

Keywords: computable general equilibrium; Public Funds; Marginal Cost (search for similar items in EconPapers)
JEL-codes: D58 H22 L50 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2008-05-01
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