The role of state-owned enterprises in the development process in the Third World is the subject of serious controversy. This article attempts to test empirically whether there is a relationship between the importance of public production in developing countries and their overall economic...

The relationship between Government and economy, the best obtainable pattern of public and private sectors in market economies, is an issue of constant interest for economists and politicians of the Western world. Can nationalisation of industries, i.e. the alteration or termination of control...