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Outsourcing Public Services: Contractibility, Cost, and Quality

Andersson, Fredrik; Jordahl, Henrik; Josephson, Jens - 2019

We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...

Persistent link: https://www.econbiz.de/10012654446

Should the Government Be in the Banking Business? The Role of State-Owned and Development Banks

Yeyati, Eduardo Levy; Micco, Alejandro; Panizza, Ugo - 2004

This paper surveys the theoretical and empirical literature on the role of state-owned banks and also presents some new results and a robustness analysis. The paper shows that state-owned banks located in developing countries have fiscal costs because they are characterized by lower returns than...

Persistent link: https://www.econbiz.de/10010327147

Outsourcing Public Services: Ownership, Competition, Quality and Contracting

Andersson, Fredrik N. G.; Jordahl, Henrik - 2011

We survey the literature on the effects of public sector outsourcing. Guided by theory, we systematically arrange services according to the type and magnitude of their contractibility problems. Taken as a whole, the empirical literature indicates that public sector outsourcing generally reduces...

Persistent link: https://www.econbiz.de/10013208581

Financial and real integration

Baier, Scott L.; Dwyer, Gerald P. - 2008

We examine the relationship between real and financial integration. Real integration is measured by productivities of capital and labor from trade data for 1982 to 1997. Financial integration is measured by the black market exchange rate. We find more evidence of convergence to equality for...

Persistent link: https://www.econbiz.de/10010292302

Financial integration in East Asia: Past, present and possible futures

Kaur, Inderjit N.; Singh, Nirvikar - 2013

This paper reviews the East Asian experience with financial integration, how economies in the region have responded to shocks, and what they may do to continue to thrive in the future. It discusses openness to capital flows as a key aspect of financial integration, briefly considering the...

Persistent link: https://www.econbiz.de/10010369502

Controlling capital? Legal restrictions and the asset composition of international financial flows

Binici, Mahir; Hutchison, Michael; Schindler, Martin - 2009

Legal restrictions on international capital movements are imposed in many countries in an attempt to (partially) insulate their economies from abroad and pursue some degree of domestic policy independence. But is the imposition of capital controls effective in achieving these goals? We...

Persistent link: https://www.econbiz.de/10010287761

Privatization in Austria: Some theoretical reasons and performance measures

Schneider, Friedrich; Belke, Ansgar - 2004

The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …

Persistent link: https://www.econbiz.de/10010294495

Ownership and Production Costs - Choosing Between Public Production and Contracting Out

Ohlsson, Henry - 1998

Many comparisons of the performance of public and private producers use a public/private ownership dummy variable to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...

Persistent link: https://www.econbiz.de/10010321722

Bank Ownership and Lending Behavior

Micco, Alejandro; Panizza, Ugo - 2004

This paper examines whether bank ownership (public versus private, domestic versus foreign) is correlated with bank lending behavior over the business cycle. The paper finds that state-owned banks may play a useful credit-smoothing role because their lending is less responsive to macroeconomic...

Persistent link: https://www.econbiz.de/10010327091

International Integration, Common Exposure and Systemic Risk in the Banking Sector: An Empirical Investigation

Allenspach, Nicole; Monnin, Pierre - Institut für Schweizerisches Bankwesen <Zürich> - 2007

This paper analyzes the impact of ongoing financial integration and increase in crossborder activities on banks common exposure to shocks and on banking sector systemic risk. For that, we study the evolution of correlations between large international banks asset-to-debt ratios over...

Persistent link: https://www.econbiz.de/10005858331