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State-owned enterprises play an important role in economic growth and the delivery of critical public services such as health, education, water, and energy. The underperformance of state-owned enterprises can lead to significant challenges in overall national growth and competitiveness and pose...
Persistent link: https://www.econbiz.de/10011903158
Persistent link: https://www.econbiz.de/10001487267
The challenge of power sector reform in the Arab Republic of Egypt has long been dominated by extremely high subsidies … pressure in 2014 when energy subsidies reached 6.8 percent of gross domestic product. Since then, the reform process has been …
Persistent link: https://www.econbiz.de/10012229762
ahead of other elements may limit the market effectiveness and even make subsequent reform steps more difficult …
Persistent link: https://www.econbiz.de/10012229789
Two successive waves of reform have fundamentally altered the structure and organization of Kenya's vibrant power …-beginning in 2002 and led by domestic reform champions-the thrust of first-wave reforms was continued, with the strengthening of … independent regulation, partial privatization of the generation company (KenGen), and establishment of complementary entities …
Persistent link: https://www.econbiz.de/10012008392
benefits of reform from materializing until much later. The failed first attempt with the Bujagali Hydropower independent power … substantial improvements in operational efficiency and accelerating service coverage. Although the reform model was eventually …
Persistent link: https://www.econbiz.de/10012008394
Pakistan's power sector underwent a substantial, if protracted, reform process. Beginning with an independent power …, followed in 1997, paving the way for the eventual privatization of one major distribution utility, Karachi Electric, in 2005 …
Persistent link: https://www.econbiz.de/10012022361
The Philippines power sector underwent a substantial and largely complete reform process. Following a severe shortage … National Power Corporation extremely burdensome, the Electric Power Industry Reform Act was passed in 2001. This was intended … at the wholesale and retail levels. Although the implementation of the full reform program took longer than originally …
Persistent link: https://www.econbiz.de/10012022385
decisions highly contingent on firm characteristics and past performance, complicating the identification of the privatization … requirements in China. This paper finds that Chinese cities whose top officials were older than age 58 were 20 percent less likely … specification (including its random-growth variant). The paper further finds that the privatization effects are significantly larger …
Persistent link: https://www.econbiz.de/10012241239
"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of …-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of …
Persistent link: https://www.econbiz.de/10003791159