The Benefits of Privatization : Evidence from Mexico
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 per...
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| Format: | Viewpoint |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1997/06/441459/benefits-privatization-evidence-mexico http://hdl.handle.net/10986/11583 |
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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 |
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World Bank Open Knowledge Repository |
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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 |
| _version_ |
1764417259062689792 |