Finland's state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...

Finland s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...

Despite the emergence of contracts between governments and private actors involved in public services, a critical issue is how to enforce payments based on outcomes such as student learning or prisoner recidivism. Imperfect measurement may fail to reflect changes in outcomes that were caused by...

To date, the discussion about what can be done in response to the global COVID-19 pandemic to blunt the economic, social, and psychological costs has largely focused on government bolstering small businesses through loans and grants, softening the effects of unemployment through unemployment...

Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It...

Recent surveys of wheat importers indicate that countries that import wheat via a state-trading enterprise (STE) are less sensitive to quality issues in import decision-making than countries that import wheat through private traders. This study examines conceptually and empirically the impact of...

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...

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...

This discussion paper revisits the issue of state-funded activism in the UK and EU. It starts with the hypothesis that there has been a decline in taxpayers’ money given to political advocacy groups because (1) budget cuts under ‘austerity’ have made less money available to...