Journal title ECONOMIA PUBBLICA
Author/s David Newbery
Publishing Year 1 Issue 2003/2 Language Italian
Pages 13 P. File size 250 KB
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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.
David Newbery, Che cosa può imparare l'Europa dalle privatizzazioni britanniche in "ECONOMIA PUBBLICA " 2/2003, pp , DOI: