In this paper, we analyse the macroeconomic impact of large scale privatization from the point of view of the neo-classical growth model.

This paper analyses an example of nonstationary stochastic endogenous fluctuations. It studies the existence of Markovian sunspot equilibria on the rates of growth in a linear one step forward looking economy with one predetermined variable. It is shown that asymptotically stable stochastic...

L'analyse des effets de la privatisation porte généralement sur des aspects microéconomiques. Néanmoins, lorsque la privatisation est massive, l'évaluation de l'impact macroéconomique présente un grand intérêt. Dans un environnment de crise économique chronique, la privatisation peut...

This paper studies the determinants of long term growth in Argentina. We estimate a production function that accounts for the economic performance of the country in the 20th century. To evaluate Total Factor Productivity we initially test the classical Solow model. We then analyze the impact of...