Privatization — a political as well as an economic policy — is generally defined as the transfer of a property or the … responsibility for it from the public to the private sector. But privatization is not merely the transfer of the ownership and … efficiency of the market should be considered. A successful privatization program induces better profitability and efficiency …

This paper assesses the effect of social security privatization on the government budget, economic efficiency, national … savings, and the distribution of resources across generations. It is shown that the benefits of privatization most often … touted by privatization advocates can be achieved by simply altering taxes and social security pensions and leaving the basic …

In this paper, we analyse the macroeconomic impact of large scale privatization from the point of view of the neo …

The privatization literature focuses on three related areas: productive efficiency, the government budget, and … privatization techniques. Where competitive product and capital markets exist, privatization is likely to improve productive … provides policy guidelines for achieving the maximum benefits from privatization under a variety of different economic and …

-as-you-go (PAYGO) to partial or full funding. Privatization is viewed as one way to insulate social security from the political and … demographic pressures that currently threaten the financial stability of PAYGO systems. However, privatization would improve a …

Whether or not privatization facilitates rural development depends upon what rural development means. In practice … development is proposed, and the institutions of public choice are examined to determine how they might influence privatization … decisions. The conclusion is that whether or not privatization improves efficiency of adjustment in rural economies depends upon …