Showing 1 - 10 of 12
International organizations promote privatization as precondition for economic development. But is there really too … little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state …-owned firm. Different government types are compared to identify the political and institutional determinants of privatization …
Persistent link: https://www.econbiz.de/10011324980
Even though it is well documented that privatization leads to an improvement in the performance of state … because it does not consider the performance of control firms of similar pre-privatization situations, i.e. the performance of … following privatization. Matching sample firms (privatized) to control firms (SOEs), I document that privatized firms do not …
Persistent link: https://www.econbiz.de/10011335746
transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative … productivity, which we regress on firm and city characteristics. We find that when firms are totally or partially in public hands … their productivity is lower. Moreover, firms selected through competitive tendering display higher total factor productivity. …
Persistent link: https://www.econbiz.de/10010272456
We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10010312393
process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public …
Persistent link: https://www.econbiz.de/10010312583
was largely abandoned by the IFIs and privatization and private participation in infrastructure, or PPI became the order …
Persistent link: https://www.econbiz.de/10010312321
This paper reviews the state of thinking on the governance role of public ownership and control. We argue that the transfer of operational control over productive assets to the private sector represents the most desirable governance, due to the inherent difficulty for citizens to constrain...
Persistent link: https://www.econbiz.de/10010312416
We study the relationship between (log) current earnings and educational levels in Italy. In line with other international evidence, we find that OLS under-estimate the marginal return to additional education. When the endogeneity of educational choice is taken into account, the marginal return...
Persistent link: https://www.econbiz.de/10011608375
The purpose of this paper is to provide an update of the empirical evidence on the private returns to education in Italy. First, we show that, whilst returns to education in Italy (based on gross wages) are in line with the European average, educational attainment is generally much lower...
Persistent link: https://www.econbiz.de/10011608564
in relative supply and positively correlated both with the long run rate of productivity growth and with an index of …
Persistent link: https://www.econbiz.de/10011608648