Public sector cost of capital: A comparison of two models

Martin Lally

New Zealand Economic Papers, 1998, vol. 32, issue 2, 197-214

Abstract: This paper describes and compares two processes for assessing and assigning cost of capital in the public sector: that for Departments under the Capital Charge process and that recommended for SOEs. The processes are similar in the sense of using private sector type technology, and in particular the Capital Asset Pricing Model. However they differ in six respects, and these are examined. Three of these points of difference are attributable to different assumptions about the tax environment, and modification of the Capital Charge process is recommended in these respects.

Date: 1998
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00779959809544289 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:nzecpp:v:32:y:1998:i:2:p:197-214

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RNZP20

DOI: 10.1080/00779959809544289

Access Statistics for this article

New Zealand Economic Papers is currently edited by Dennis Wesselbaum

More articles in New Zealand Economic Papers from Taylor & Francis Journals
Bibliographic data for series maintained by ().