, beginning in the late 1980s, viewed privatization as the answer. Interest in the earlier round of reform has increased recently … as controversy has slowed or halted privatization in many countries, especially for SOEs providing infrastructure …

This paper takes stock of recent privatization trends, examines the extent to which government ownership is still … 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised $410 billion in privatization … revenues. Privatization activity peaked in 1997 and dropped off in the late 1990s and, while still at overall low levels, is …

to avoid regulatory capture, and the capture of the privatization process itself. In addition, the speed of transfer …

decisions highly contingent on firm characteristics and past performance, complicating the identification of the privatization … specification (including its random-growth variant). The paper further finds that the privatization effects are significantly larger …

The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly …