Showing 1 - 10 of 14
under-priced, and making it difficult to expand services. The report indicates that although privatization, competitive … privatization to generate widely shared social benefits, infrastructure industries must be thoroughly restructured and able to … sustain competition. Thus restructuring, to introduce competition should be done before privatization, and regulation should …
Persistent link: https://www.econbiz.de/10010829214
privatization in developing countries (including transition economies). The paper draws some lessons for policy and offers some … suggestions on how to assess privatization, at least in countries where there is still scope for it. The paper suggests that … although understanding of the efficiency gains of privatization has increased significantly in recent years, there is an …
Persistent link: https://www.econbiz.de/10008474912
This paper takes stock of recent privatization trends, examines the extent to which government ownership is still … 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised $410 billion in privatization … revenues. Privatization activity peaked in 1997 and dropped off in the late 1990s and, while still at overall low levels, is …
Persistent link: https://www.econbiz.de/10005129131
The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies … privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization … development. In China relatively more estimates suggest that privatization to domestic owners improves the level of performance …
Persistent link: https://www.econbiz.de/10005133735
The paper analyzes governments'tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly …
Persistent link: https://www.econbiz.de/10005134373
productivity of job and worker reallocation. Then they investigate the effects of privatization, product and labor market … the transition has contributed significantly to aggregate productivity growth. Privatization has not only stimulated … privatization on firm productivity varies considerably across countries and is not always positive. The productivity gains from …
Persistent link: https://www.econbiz.de/10005079463
This paper describes the recent trends in foreign bank ownership in developing countries, summarizes the existing evidence on the causes and implications of foreign bank presence, and reexamines the link between banking crises and foreign bank participation. Using data on the share of banking...
Persistent link: https://www.econbiz.de/10005079604
The author applies a systems-oriented"holistic"approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's...
Persistent link: https://www.econbiz.de/10005079990
This paper reviews institutions offering Islamic financial services (IIFS) corporate governance challenges and suggests options to address them. It first points out the importance of corporate governance for IIFS, where it would require a distinct treatment from conventional corporate governance...
Persistent link: https://www.econbiz.de/10005080047
The authors examine how well several institutional and firm-level factors and their interactions explain firms'perceptions of property rights protection. Their sample includes private and public firms that vary in size from very small to large in 62 countries. Together, the institutional...
Persistent link: https://www.econbiz.de/10005115829