A series of previous papers demonstrate that there are no consequences from privatization in a mixed oligopoly when the government uses a subsidy to ensure first best. This conclusion depends upon the assumption that privatization results in a simultaneous move oligopoly. If instead privatization results in a public leader becoming...
Privatized UK companies such as British Telecom and British Airways are more profitable in 1994 than before their privatization, yet many British citizens and politicians do not favor privatization. But if regulated, privatization can increase productivitPrivatized UK companies such as British Telecom and British Airways are more profitable in 1994...
This paper analyzes the impact of privatization on MultiFactor Productivity MFP using long panel data for nearly the universe of initially state-owned manufacturing firms in four economies. The positive effects emerge within a year in Hungary, Romania, and Ukraine and continue to grow thereafter, but are still ambiguous even after...
Uncovering the effects of privatization is difficult, because privatization of a particular firm usually is not an accident. This paper tests the effects of privatization on efficiency, firm productivity and technology choice by using a rich panel data set of privatized cement firms from Turkey. Since all public cement firms...
Foreign privatization is a special form of acquisition in which strategic investors assume control of part or all of the equity of a State-owned company in the host country. As a result of the mass privatization taking place in the Central and Eastern European countries CEECs, foreign privatization accounted for...
This paper considers the potential impact of privatization and the existence of an autonomous regulatory body on outcomes in the telecommunications sector. Previous studies suggest that privatization leads to greater efficiency and network expansion; however, the evidence is not conclusive and some authors have found no positive results from privatization....
This paper investigates whether or not privatization I beneficial from the viewpoint of social welfare in a monopolistic competition model. The relationship between the welfare effects of privatization and the degree of foreign direct investment in the private sector is discussed, which is an important problem in developing countries and...
This paper will describe the rationale for privatization, the constraints to the process, the reorganization structure and the effect of privatization on Sallie Mae and the student loan market. The key elements of the privatization process and structure will be highlighted with comments offered on the applicability to Housing Government...
This paper was developed to outline the issues and to help clarify the different perspectives on competition policy, liberalization, privatization and regulations. The paper primarily deals with competition policy, liberalization and privatization in the telecoms sector given that this is the most relevant area of these policies or models to...
China s state-owned enterprises SOEs have achieved significant growth and productivity gains without privatization. Despite that, the regime has since late 1993 been forced to put privatization on the agenda, a development that has reached an important milestone at the Party's 1 5th Congress of September 1997 and since. At...
This paper examines whether privatization is a determinant of Foreign Direct Investment FDI in a sample of countries drawn from two regions: Asia and Latin America, where privatization and FDI penetration have been intense. Using annual data for 1990-99 for eight Asian and nine Latin American and Caribbean countries, a...
This research examines the effects of privatization transaction strategy on enterprise performance in developing economies. Focusing on trade sale privatization, we use an event-driven data strategy and time-series regression techniques on data covering fixed-line telecommunications operators between 1980 and 1998. The results show performance benefits are realized when privatization trade...
Deregulation and privatization have played key roles in the continuing growth of foreign direct investment FDI. Deregulation has resulted in international mergers of major services, while privatization has allowed foreign investors' control of some firmDeregulation and privatization have played key roles in the continuing growth of foreign direct investment FDI....
According to AGI, Telecom Italia is interested in the privatization of the Polish Telephone Company TPSA which will float 25 to 35% of ... According to AGI, Telecom Italia is interested in the privatization of the Polish Telephone Company TPSA which will float 25 to 35% of...
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and financial sector stability. The paper draws on the...
The paper talks about privatization which has been a popular strategy for improving efficiency in both market and transition economies. The literature on privatization includes broad discussions of pricing techniques but overlooks tax issues. In reality, a state-owned company loses its privilege of paying no taxes once it is privatized....
Lufthansa, the German airline has gone though privatization and flown on to higher profits and a better employee - employer relationship. El Al's management is getting ready for privatization and wants to learn from Lufthansa how they accomplish it. Lufthansa, the German airline has gone...
ABIX via COMTEX) -- There are signs that the privatization of the remainder of Australia's Telstra is approaching. The Australian Government has been dropping broad hints that it plans to complete the privatization in early 2003. It has flagged plans ABIX via COMTEX) -- There are...
This paper examines the efforts to privatize the Social Security system in the United States. The first section outlines the basic economics of the program and examines the extent to which it faces financial problems in coming decades. The second section briefly describes the political forces that have sought to...
According to Milliyet, Turkish Work Institution ISKUR is initiating the Privatization Social Support Project in order to re-employ 32,000 people, who are the victims of economic crisis and privatization. A loan amounting to ... According to Milliyet, Turkish Work Institution ISKUR is initiating the Privatization...
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