Analysis on the Welfare Effect of the PPP Implementation

This study investigates the welfare implications of BTL projects using a general equilibrium model with the public sector and public-private partnerships. We show that when the government is not allowed to run budget deficits but private firms is able to overcome the financial constraint, BTL projec...

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Bibliographic Details
Main Authors: Kim, Jung wook, Moon, Weh-Sol
Format: Article
Language:English
Published: Korea Development Institute 2013-09-01
Series:KDI Journal of Economic Policy
Subjects:
Online Access:https://doi.org/10.23895/kdijep.2013.35.3.1