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The missing shock : the macroeconomic impact of British privatisation

Florio, Massimo; Grasseni, Mara - 2004

The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major … less developed countries. In this paper we test the impact of privatisation on macroeconomic performance in the United … Kingdom using quarterly data from 1979 to 1999. In the econometric model, we use privatisation proceeds as an explanatory …

Persistent link: https://www.econbiz.de/10011606658

Privatisation methods and economic growth in transition economies

Bennett, John; Estrin, Saul; Maw, James W.; Urga, Giovanni - 2004

We investigate the impact of differences in privatisation method on national economic performance in transition … 1990-2001. Among our results, we find that mass privatisation has significant positive effect on growth across a wide … transition and recession was over. Our analysis suggests that an advantage of mass privatisation was that it led spontaneously to …

Persistent link: https://www.econbiz.de/10011606670

The emergence of large shareholders in mass privatized firms : evidence from Poland and the Czech Republic

Grosfeld, Irena; Hoshi, Iraj - 2004

Mass privatization offers a particularly suitable framework to study the change in ownership concentration as the extent of change is unusual for a stable market economy. Focusing on two different mass privatization schemes in two transition economies, Poland and the Czech Republic, we find that...

Persistent link: https://www.econbiz.de/10011606874

Reluctant privatization

Bortolotti, Bernardo; Faccio, Mara - 2004

We study the evolution of the control structure of 141 privatized firms from OECD countries over the period from 1996 through 2000. We find that governments do not relinquish control after privatization. We show that the market-to-book ratios of privatized firms converge through time to those of...

Persistent link: https://www.econbiz.de/10011606983

The effectiveness of juvenile correctional facilities : public versus private management

Bayer, Patrick J.; Pozen, David E. - 2004 - Revised

This paper uses data on juvenile offenders released from correctional facilities in Florida to explore the effects of facility management type (private for-profit, private nonprofit, public state-operated, and public county-operated) on recidivism outcomes and costs. The data provide detailed...

Persistent link: https://www.econbiz.de/10011607733

A pro-market agenda for El Salvador

Engel, Eduardo - 2005

This paper argues that, despite important productivity gains, reforms have benefited consumers much less than expected in El Salvador. Antitrust legislation, consumer protection and an adequate regulation of privatized utilities are central ingredients of a successful market economy. Major...

Persistent link: https://www.econbiz.de/10011610641

Privatizing highways in Latin America : is it possible to fix what went wrong?

Engel, Eduardo; Fischer, Ronald; Galetovic P., Alexander - 2003

This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence from Argentina, Colombia and Chile, we find that private financing of new highways freed up fewer public resources than expected because public funds were often diverted to bail...

Persistent link: https://www.econbiz.de/10011612538

The effect of private road supply on the volume/capacity ratio when firms compete Stackelberg in Road Capacity

Berg, Vincent A. C. van den - 2011 - Version of 04 March 2011

We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set the same...

Persistent link: https://www.econbiz.de/10011536414

Individual choice of pension arrangement as a pension reform strategy

Disney, Richard; Palacios, Robert J.; Whitehouse, Edward - 1999

The paper examines social security (public pension) reforms in which the programme is partially shifted from a public unfunded basis to a private, prefunded, basis. It focuses on reforms where individuals have a choice in switching from public funded to private unfunded programmes (as in the...

Persistent link: https://www.econbiz.de/10011538512

Institutional failures and transaction costs of Bulgarian "private research institutes"

Nozharov, Shteryo - 2016

The paper analyses the reasons for poor performance of private research institutes in Bulgaria. In this regard the Institutional Economics methods are used. A connection between smart growth policy goals and Bulgarian membership in EU is made. The gaps in the institutional environment are...

Persistent link: https://www.econbiz.de/10011538844