Showing 1 - 10 of 1,253
This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. The paper shows that state-owned banks located in developing countries have fiscal costs because they are characterized by lower returns than...
Persistent link: https://www.econbiz.de/10010327147
Privatization policy faces increasing popular opposition in Latin America. We test for the determinants of this … countries as our dependent variable of perception, and a privatization dataset on the same countries, including sectoral … variables as controls. Our main finding is that disagreement with privatization is more likely when the respondent is poor …
Persistent link: https://www.econbiz.de/10010267576
This paper investigates the role of structural reforms - privatization, financial reform and trade liberalization as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10010268588
spite of a wave of crises and recessions in the late 1990s and early 2000s). Privatization has made a great deal of progress … somewhat. One of the main lessons for privatization policy makers in MENA countries from the experience in other regions is …
Persistent link: https://www.econbiz.de/10011430885
The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …
Persistent link: https://www.econbiz.de/10010294495
liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. …
Persistent link: https://www.econbiz.de/10010298993
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes into account how much its own profit will increase....
Persistent link: https://www.econbiz.de/10011324978
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
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10011324982
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10011324983