The Impact of Institutional and Land Use Change on Local Incomes in Chilean Patagonia
研究了智利Palena地区公共牧场私有化后转向旅游业对当地工资的影响，通过理论模型和一般均衡校准发现私有化促进了工资增长，为发展中国家资源私有化的成本收益分析提供了证据。
Many developing rural economies depend on natural capital stocks for generating income and wealth. However, common property natural resources are often over-exploited. One method of solving over-exploitation is privatisation of the resource. In Palena, Chile, the privatisation of common-property grazing land facilitated a change in land use from grazing to tourism activities. We present a theoretical model that demonstrates that privatisation that leads to land use change has the potential to increase local wages. To resolve theoretical ambiguities, we calibrate a local general equilibrium model and find that privatisation and a switch to tourism resulted in higher wages in the local economy of Palena. This finding contributes to the ongoing investigation of the local costs and benefits of resource privatisation in developing countries.