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Privatization, Efficiency and Economic Growth

Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 1998

Privatization is shown to increase national economic output in a two-sector full-employment general-equilibrium model …, or stabilization. The static output gain from reallocation and reorganization through privatization is captured in a …. Substitution of plausible parameter values into the formula indicates that, in practice, the static output gain from privatization …

Persistent link: https://www.econbiz.de/10005504670

Demand-Driven Financial Development

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1995

The historical record suggests that economic development is associated with the rise of the financial sector. This rise is often triggered by exogenous events such as large budget deficits generated by wars or the availability of large investment projects such as railroads. This paper discusses...

Persistent link: https://www.econbiz.de/10005789013

The Integration of Financial Services and Economic Welfare after `1992'

Ryan, Cillian - C.E.P.R. Discussion Papers - 1992

This paper uses a computable general-equilibrium model of intertemporal demand to investigate the impact of market integration after 1992 on financial services and economic welfare in the European Community (EC). In contrast to previous work, it assesses the impact of `1992' on the demand for...

Persistent link: https://www.econbiz.de/10005136549

Weathering the crisis and beyond: Perspectives for the Euro Area

Schmidt, Christoph M; Weigert, Benjamin - C.E.P.R. Discussion Papers - 2013

The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the difficulties of some highly indebted European sovereigns to ascertain funding at palatable cost, the disconcerting fragility of the European banking system and disappointing growth prospects...

Persistent link: https://www.econbiz.de/10011083564

Business Groups in the United States: A Revised History of Corporate Ownership, Pyramids and Regulation, 1930-1950

Kandel, Eugene; Kosenko, Konstantin; Morck, Randall; … - C.E.P.R. Discussion Papers - 2013

The extent to which business groups ever existed in the United States and, if they did exist, the reasons for their disappearance are poorly understood. In this paper we use hitherto unexplored historical sources to construct a comprehensive data set to address this issue. We find that (1)...

Persistent link: https://www.econbiz.de/10011083947

Enterprise Restructuring in Transition: A Quantitative Survey

Djankov, Simeon; Murrell, Peter - C.E.P.R. Discussion Papers - 2002

varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of …

Persistent link: https://www.econbiz.de/10005504282

Privatization and Stock Market Liquidity

Bortolotti, Bernardo; de Jong, Frank; Nicodano, Giovanna; … - C.E.P.R. Discussion Papers - 2004

Using panel data of 19 developed economies in the period 1985-2000, we show that share issue privatization (SIP …

Persistent link: https://www.econbiz.de/10005504346

The Political Economy of Privatization and Competition: Cross-Country Evidence from the Telecommunications Sector

Colin Xu, Lixin; Li, Wei; Zhen-Wei Qiang, Christine - C.E.P.R. Discussion Papers - 2001

Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition … policies (1990-98 for roughly 50 countries), this Paper investigates the political economy determinants of privatization and …

Persistent link: https://www.econbiz.de/10005504478

Liability for Past Environmental Contamination and Privatization

Earnhart, Dietrich - C.E.P.R. Discussion Papers - 2000

This paper examines the role of liability for past environmental contamination in the privatization processes of … hypotheses regarding a privatization agency’s responses to the investor’s knowledge of cleanup costs. The empirical section of …

Persistent link: https://www.econbiz.de/10005504606

The Privatisation of British Gas and the Possible Consequences for the European Gas Market

Newbery, David M G - C.E.P.R. Discussion Papers - 1986

The British Government plans to privatise the British Gas Corporation in the autumn of 1986. The paper attempts to predict the possible consequences for the European gas market of privatisation, and their consequent implications for the United Kingdom. Much will depend on whether the Government...

Persistent link: https://www.econbiz.de/10005504766