Showing 1 - 10 of 48
France lived through a long period of nationalization until the early 1980s, when nearly all the largest industrials firms as well as all the banks and public services were state-owned. Since then, a series of privatization moves have caused the state sector to shrink. Public services present a...
Persistent link: https://www.econbiz.de/10005181437
This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms’ assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...
Persistent link: https://www.econbiz.de/10008498992
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...
Persistent link: https://www.econbiz.de/10011099762
Privatisation, i.e. the transfer of ownership and control of state-owned enterprises, is a worldwide phenomenon. Which … of privatisation method appear to be influenced by the governing political majority and public sector budget constraints …, while the success of privatisation in terms of revenues and stakes sold requires suitable institutions and developed capital …
Persistent link: https://www.econbiz.de/10005765761
This paper presents new evidence about privatisation processes and their determinants from a panel of 34 countries over … the 1977-99 period. The empirical analysis shows that privatisation takes place typically in wealthy and democratic … budget constraints. But the extent of privatisation in terms of revenues and stakes sold appears more limited in civil law …
Persistent link: https://www.econbiz.de/10005094183
This paper carries out an overview of the recent history of privatisation in Spain. At this point, the paper focuses on … argued that privatisation policy has been inconsistent with the liberalising measures, reflecting the conflict between the … empirical evidence on the economic consequences of privatisation on firms’ and markets’ performance, with a particular emphasis …
Persistent link: https://www.econbiz.de/10005196308
This chapter looks at the UK’s privatisation experiment, which began from the late 1970s. It considers the background … performance changes in privatised companies in the UK. It looks at the relative roles of competition, regulation and ownership …’s privatisation experiment, including the importance of developing competitive markets and, in their absence, effective regulatory …
Persistent link: https://www.econbiz.de/10005405848
Finland’s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in...
Persistent link: https://www.econbiz.de/10005405945
In the past two decades privatisation and liberalisation of network industries providing services of general economic … privatisation and other reforms on consumer prices using both subjective data on consumers’ perception of utility prices and data on …
Persistent link: https://www.econbiz.de/10008572553
Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …
Persistent link: https://www.econbiz.de/10010877637