Banerjee, Sudeshna Ghosh; Munger, Michael C. - In: Journal of International Development 16 (2004) 2, pp. 213-240
Aspects of the privatization experience are analysed for a group of 35 low or middle-income developing countries, over the period 1982 through 1999. The theory turns on net political benefits, which in our model are the primary determinant of privatization policies. The decision to privatize is...