id okr-10986-11583
recordtype oai_dc
spelling okr-10986-115832021-06-14T11:02:47Z The Benefits of Privatization : Evidence from Mexico La Porta, Rafael López-de-Silanes, Florencio ACCOUNTING ASSETS AVERAGE COSTS BENCHMARK BENCHMARKS COMPETITIVENESS DEBT DEREGULATION EMPIRICAL ANALYSIS EMPIRICAL STUDIES EMPLOYMENT EXPENDITURES FREE TRADE GDP IMPORTS INCOME LABOR COSTS LABOR FORCE MARKET COMPETITION MARKET FORCES MARKET POWER MERGERS NATIONAL OUTPUT NATURAL MONOPOLIES OPERATING EFFICIENCY OPERATING INCOME PRICE INCREASES PRICE INDEX PRIVATIZATION PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY REAL WAGES SALES SAVINGS SPREAD STATE ENTERPRISES SUBSTITUTION TOTAL COSTS TRADE BARRIERS UNDERESTIMATES WAGES DENATIONALIZATION MARKET COMPETITION DEREGULATION STOCKHOLDERS EMPLOYMENT SECURITY PRODUCTIVITY LAYOFF Critics of privatization often argue that its benefits come at a high cost to society. The authors test the validity of this criticism for Mexico's privatization program, one of the world's largest case-by-case programs. Assessing the performance of newly privatized firms in such areas as profitability and efficiency, they find that these firms quickly close the gap with their peers in the private sector. Their findings suggest that the firms' profit gains come from productivity gains (52 percent), layoffs (33 percent), and higher prices (15 percent). 2012-08-13T15:27:31Z 2012-08-13T15:27:31Z 1997-06 http://documents.worldbank.org/curated/en/1997/06/441459/benefits-privatization-evidence-mexico http://hdl.handle.net/10986/11583 English Viewpoint: Public Policy for the Private Sector; Note No. 117 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Latin America & Caribbean Mexico
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACCOUNTING
ASSETS
AVERAGE COSTS
BENCHMARK
BENCHMARKS
COMPETITIVENESS
DEBT
DEREGULATION
EMPIRICAL ANALYSIS
EMPIRICAL STUDIES
EMPLOYMENT
EXPENDITURES
FREE TRADE
GDP
IMPORTS
INCOME
LABOR COSTS
LABOR FORCE
MARKET COMPETITION
MARKET FORCES
MARKET POWER
MERGERS
NATIONAL OUTPUT
NATURAL MONOPOLIES
OPERATING EFFICIENCY
OPERATING INCOME
PRICE INCREASES
PRICE INDEX
PRIVATIZATION
PRODUCERS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROFITABILITY
REAL WAGES
SALES
SAVINGS
SPREAD
STATE ENTERPRISES
SUBSTITUTION
TOTAL COSTS
TRADE BARRIERS
UNDERESTIMATES
WAGES DENATIONALIZATION
MARKET COMPETITION
DEREGULATION
STOCKHOLDERS
EMPLOYMENT SECURITY
PRODUCTIVITY
LAYOFF
spellingShingle ACCOUNTING
ASSETS
AVERAGE COSTS
BENCHMARK
BENCHMARKS
COMPETITIVENESS
DEBT
DEREGULATION
EMPIRICAL ANALYSIS
EMPIRICAL STUDIES
EMPLOYMENT
EXPENDITURES
FREE TRADE
GDP
IMPORTS
INCOME
LABOR COSTS
LABOR FORCE
MARKET COMPETITION
MARKET FORCES
MARKET POWER
MERGERS
NATIONAL OUTPUT
NATURAL MONOPOLIES
OPERATING EFFICIENCY
OPERATING INCOME
PRICE INCREASES
PRICE INDEX
PRIVATIZATION
PRODUCERS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROFITABILITY
REAL WAGES
SALES
SAVINGS
SPREAD
STATE ENTERPRISES
SUBSTITUTION
TOTAL COSTS
TRADE BARRIERS
UNDERESTIMATES
WAGES DENATIONALIZATION
MARKET COMPETITION
DEREGULATION
STOCKHOLDERS
EMPLOYMENT SECURITY
PRODUCTIVITY
LAYOFF
La Porta, Rafael
López-de-Silanes, Florencio
The Benefits of Privatization : Evidence from Mexico
geographic_facet Latin America & Caribbean
Mexico
relation Viewpoint: Public Policy for the Private Sector; Note No. 117
description Critics of privatization often argue that its benefits come at a high cost to society. The authors test the validity of this criticism for Mexico's privatization program, one of the world's largest case-by-case programs. Assessing the performance of newly privatized firms in such areas as profitability and efficiency, they find that these firms quickly close the gap with their peers in the private sector. Their findings suggest that the firms' profit gains come from productivity gains (52 percent), layoffs (33 percent), and higher prices (15 percent).
format Publications & Research :: Viewpoint
author La Porta, Rafael
López-de-Silanes, Florencio
author_facet La Porta, Rafael
López-de-Silanes, Florencio
author_sort La Porta, Rafael
title The Benefits of Privatization : Evidence from Mexico
title_short The Benefits of Privatization : Evidence from Mexico
title_full The Benefits of Privatization : Evidence from Mexico
title_fullStr The Benefits of Privatization : Evidence from Mexico
title_full_unstemmed The Benefits of Privatization : Evidence from Mexico
title_sort benefits of privatization : evidence from mexico
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/1997/06/441459/benefits-privatization-evidence-mexico
http://hdl.handle.net/10986/11583
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