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"Privatization in Latin America: What Does the Evidence Say?"

Chong, Albert; López-de-Silanes, Florencio - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2004)

Privatization is under attack. Criticisms run from corrupt deals to abuse of market power and social welfare losses. We … evaluate the empirical record on privatization, relying on recent comprehensive studies from Latin America. The paper presents …. Second, in the quest to identify the sources of increased profitability after privatization, we find little evidence that …

Persistent link: https://www.econbiz.de/10009021281

"The Distributive Impact of Privatization in Latin America: Evidence from Four Countries"

McKenzie, David; Mookherjee, Dilip - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2003)

This paper provides an overview of the results of a project that evaluates the distributive impact of privatization in … four Latin America countries. The aim of the project was to estimate the effects of privatization on customers and workers … concerning the privatization process and data sources used for each specific country. All four countries have undergone …

Persistent link: https://www.econbiz.de/10009021300

A reappraisal of State-Owned Banks

Levy-Yeyat, Eduardo; Micco, Alejandro; Panizza, Ugo - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2007)

We revisit the public banks debate, survey the theoretical arguments and test the robustness (and expand) the existing empirical evidence. While we find some support for the view that public banks do not allocate credit optimally, we also report indicative evidence that they exert a positive...

Persistent link: https://www.econbiz.de/10009021313

"The Impact of Telecommunications Privatization in Peru on the Welfare of Urban Consumers"

Torero, Máximo; Schroth, Enrique; Pasco-Font, Alberto - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2003)

service, the privatization of the telecommunications industry in Peru led to price changes that had an impact on consumer … welfare and that may be correlated with the negative public opinion of the privatization process. …

Persistent link: https://www.econbiz.de/10009021350

The stock market reaction to the 2005 non-tradable share reform in China

Beltratti, Andrea; Bortolotti, Bernardo; Caccavaio, Marianna - European Central Bank - 2011

During 2005-2006, the Chinese government implemented a reform aimed at eliminating the so-called non-tradable shares (NTS), shares typically held by the State or by politically connected institutional investors that were issued at the early stage of financial market development. Our analysis,...

Persistent link: https://www.econbiz.de/10009021594

Financial Protectionism: the First Tests

Rose, Andrew K; Wieladek, Tomasz - C.E.P.R. Discussion Papers - 2011

We provide the first empirical tests for financial protectionism, defined as a nationalistic change in banks’ lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. We use a bank-level panel data set...

Persistent link: https://www.econbiz.de/10009024484

Divide and Privatize: Firm Break-up and Performance

Kocenda, Evžen; Hanousek, Jan - CESifo - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10009024846

The practice of the auction theory: The Colombian case

Espinosa, Miguel; Forero, German; Villaneda, Felipe - Volkswirtschaftliche Fakultät, … - 2011

In the world the use of auctions has shown two important trends: 1. their use has been extended to a greater number of countries and sectors, 2. the set of objects auctioned has increased exponentially. Colombia is not an exception. The number of auctions and items in the country is huge, the...

Persistent link: https://www.econbiz.de/10009025267

A Theory of BOT Concession Contracts

Auriol, Emmanuelle; Picard, Pierre M. - Centre de Recherche en Économie Appliquée (CREA), … - 2011

In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and firm managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries...

Persistent link: https://www.econbiz.de/10009025333

Beneficiary-centered management of irrigation systems: Retrospection on recent endeavors: Proceedings of the workshop held at the Irrigation Department, Colombo, Sri Lanka, 25th Ma...

Haq, K. A.; Nandaratna, S. M. K. B. - International Water Management Institute (IWMI) - 1996

Persistent link: https://www.econbiz.de/10009131699