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The economic impact of privatisation is hard to assess. This paper extends the analysis of Florio (2004) in four directions. It argues that a welfare assessment of privatisation must include an evaluation of the performance of public enterprises in light of their originally broad set of...
Persistent link: https://www.econbiz.de/10005007183
A wide range of services provided by the public sector are credence goods, i.e., services for which the producer has private information whether a certain treatment is needed or not. This paper studies how ownership affects the incentives for producers to reveal such information to public...
Persistent link: https://www.econbiz.de/10005419540
Russia’s Government has adopted no other privatization programs over the last two years, as it did in the 2000s, since … the Forecast Plan (Program) for the Federal Property and the Guidelines of Federal Property Privatization for 2011 …
Persistent link: https://www.econbiz.de/10010693876
The privatisation wave that spread all over the world in the 1980s at last reached the shores of Russia in the 1990s and near the bastions of the administrative system it came to rest in a rather indecisive way. If in the 1980s the issue of privatisation was of real interest only for a narrow...
Persistent link: https://www.econbiz.de/10010739661
Public enterprises never disappeared in spite of several privatization waves in the last three decades. This paper … and acquisitions confirms that in the last ten years there has been an increase of publicization relative to privatization …
Persistent link: https://www.econbiz.de/10010739818
form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of … the public and private sectors of the national economy. Various interpretations of the fundamental privatization theorem … trends in Russia’s de-statization policy in 2010-2013 are analyzed in the context of ‘reluctant privatization’, with special …
Persistent link: https://www.econbiz.de/10010744653
-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labor …
Persistent link: https://www.econbiz.de/10010746486
The core events which took place last year and which are related to the issues under consideration are the approval of a new three year privatisation programme for 2014–2016, including corporate control of market transactions associated with Rosneft and Gazprom, as well as the restructuring of...
Persistent link: https://www.econbiz.de/10010813814
, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance … employed in this paper. Both approaches confirm that privatization in Vietnam brings about significant improvement in most …
Persistent link: https://www.econbiz.de/10010706886
This report is concerned with the analysis of privatization and private sector development for the eastern and southern … development and, to a greater or lesser extent, privatization of stateowned assets. However, there is a great deal of … divided into two groups: one, including Algeria, Libya, and Syria, where reforms promoting privatization and private sector …
Persistent link: https://www.econbiz.de/10011134475