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We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012022711
data permit us to track the privatization process and to estimate the impact of privatization within industry-year cells … majority privatized versus state-owned firms. The gap increases with time since privatization, reaching about 15-17% five years … after privatization. It also increases with calendar time although recent privatizations are associated with smaller …
Persistent link: https://www.econbiz.de/10011309155
Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … non-rush privatization. The negative effect of rushed privatization on the scale of operations and employment is even … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …
Persistent link: https://www.econbiz.de/10011859206
one caused by sector-specific job characteristics. A natural experiment - the massive privatization process in post …-Soviet countries - allows correcting potential self-selection bias. Industry-specific privatization probabilities are assigned to …
Persistent link: https://www.econbiz.de/10010195422
Public disability insurance (DI) programs in many countries face pressure to reduce their generosity in order to remain sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of public DI cuts. Exploiting a unique reform...
Persistent link: https://www.econbiz.de/10013382070
In 2017, the federal government invested over $40 billion on university research; another $16 billion came from private sector sources. The expectation is that these investments will bear varied fruits, including outputs like more economic growth, more scientific advances, the training and...
Persistent link: https://www.econbiz.de/10012136969
In the US and many other OECD countries, expenditures for defense-related R&D represent a key policy channel through which governments shape innovation, and dwarf all other public subsidies for innovation. We examine the impact of government funding for R&D - and defense-related R&D in...
Persistent link: https://www.econbiz.de/10012137049
Replication studies are considered a hallmark of good scientific practice. Yet they are treated among researchers as an ideal to be professed but not practiced. To provide incentives and favorable boundary conditions for replication practice, the main stakeholders need to be aware of what drives...
Persistent link: https://www.econbiz.de/10011607618
Longitudinal micro-data derived from transaction level information about wage and vendor payments made by federal grants on multiple U.S. campuses are being developed in a partnership involving researchers, university administrators, representatives of federal agencies, and others. This paper...
Persistent link: https://www.econbiz.de/10010417966
We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no...
Persistent link: https://www.econbiz.de/10011772302