Che cosa pu? imparare l'Europa dalle privatizzazioni britanniche

David M Newbery

ECONOMIA PUBBLICA, 2003, vol. 2003/2, issue 2

Abstract: What Europe Can Learn from British Privatisations (di David M. Newbery) - ABSTRACT:British privatisation shows the importance of creating and sustaining competition where possible and produced a model of efficient price cap regulation for the capital-intensive networks that would support private investment that is a useful model for managing public infrastructure. Although total UK privatisation receipts were about 8% of GDP, and their output accounted for 5% of GDP, a sustained productivity improvement of 10% would only increase GDP by 0.5% hard to observe even though it represents 100% return on the sales value. Electricity restructuring in England separated generation from transmission. Competition then drove down costs by 6% each year, while retained vertical integration in Scotland produced no net gains, underlining the importance of creating competitive markets.

Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 498&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

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:fan:epepep:v:html10.3280/ep2003-002002

Ordering information: This journal article can be ordered from
http://www.francoang ... io.aspx?IDRivista=16
riviste@francoangeli.it

Access Statistics for this article

ECONOMIA PUBBLICA is currently edited by FrancoAngeli

More articles in ECONOMIA PUBBLICA from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato (rosato@francoangeli.it).