Downsizing and Productivity Gains in the Public and Private Sectors of Colombia
Public sector restructuring, including labor downsizing, has been one of the main areas of policy activism in developing countries, and transition economies. But little is known about its actual effects. The authors use panel data on Colombian ente...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/01/1687178/downsizing-productivity-gains-public-private-sectors-colombia http://hdl.handle.net/10986/15755 |
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okr-10986-157552021-04-23T14:03:19Z Downsizing and Productivity Gains in the Public and Private Sectors of Colombia Rama, Martín Newman, Constance DOWNSIZING PRODUCTIVITY GROWTH PUBLIC SECTOR PRIVATE SECTOR LABOR MARKETS TRANSITION ECONOMIES DEVELOPING COUNTRIES ENTERPRISE RESTRUCTURING STATE-OWNED ENTERPRISES VALUE ADDED CAPITAL-LABOUR RATIO ACCOUNTING ASSET STRIPPING BANK LOANS BANKING SECTOR COAL COMPANY DEBT DEFICITS DOWNSIZING ECONOMETRIC ANALYSIS EMPIRICAL STUDIES EMPLOYMENT ENTERPRISE RESTRUCTURING EQUILIBRIUM EXCHANGE RATE EXPORTS FIRMS GDP GOVERNMENT INTERVENTION INEFFICIENCY INFLATION INVENTORIES JOB LOSSES LABOR INPUTS LARGE ENTERPRISES MACROECONOMIC GROWTH MACROECONOMIC POLICY MARGINAL COST MARGINAL PRODUCTIVITY MARKET COMPETITION METALS METROPOLITAN AREAS OIL PRIVATE ENTERPRISES PRIVATIZATION PRODUCT MARKETS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURES PUBLIC SERVICES PUBLIC TRANSPORTATION TAXATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRADE LIBERALIZATION TRADE UNIONS TRANSITION ECONOMIES TRANSPORT VALUE ADDED Public sector restructuring, including labor downsizing, has been one of the main areas of policy activism in developing countries, and transition economies. But little is known about its actual effects. The authors use panel data on Colombian enterprises spanning more than one decade, to assess the impact on several productivity indicators. The results suggest that the productivity gains from downsizing, are larger in state-owned enterprises than in private enterprises. While the increase in value added per worker is similar in both cases, state-owned enterprises experience an increase in total value added, and in value added per unit of capital, whereas both indicators decline in private enterprises. The difference, which could simply reflect the larger extent of initial inefficiency in state-owned enterprises, does not appear to depend on the degree of competition in product markets. 2013-09-09T22:21:15Z 2013-09-09T22:21:15Z 2002-01 http://documents.worldbank.org/curated/en/2002/01/1687178/downsizing-productivity-gains-public-private-sectors-colombia http://hdl.handle.net/10986/15755 English en_US Policy Research Working Paper;No. 2770 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Colombia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
DOWNSIZING PRODUCTIVITY GROWTH PUBLIC SECTOR PRIVATE SECTOR LABOR MARKETS TRANSITION ECONOMIES DEVELOPING COUNTRIES ENTERPRISE RESTRUCTURING STATE-OWNED ENTERPRISES VALUE ADDED CAPITAL-LABOUR RATIO ACCOUNTING ASSET STRIPPING BANK LOANS BANKING SECTOR COAL COMPANY DEBT DEFICITS DOWNSIZING ECONOMETRIC ANALYSIS EMPIRICAL STUDIES EMPLOYMENT ENTERPRISE RESTRUCTURING EQUILIBRIUM EXCHANGE RATE EXPORTS FIRMS GDP GOVERNMENT INTERVENTION INEFFICIENCY INFLATION INVENTORIES JOB LOSSES LABOR INPUTS LARGE ENTERPRISES MACROECONOMIC GROWTH MACROECONOMIC POLICY MARGINAL COST MARGINAL PRODUCTIVITY MARKET COMPETITION METALS METROPOLITAN AREAS OIL PRIVATE ENTERPRISES PRIVATIZATION PRODUCT MARKETS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURES PUBLIC SERVICES PUBLIC TRANSPORTATION TAXATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRADE LIBERALIZATION TRADE UNIONS TRANSITION ECONOMIES TRANSPORT VALUE ADDED |
| spellingShingle |
DOWNSIZING PRODUCTIVITY GROWTH PUBLIC SECTOR PRIVATE SECTOR LABOR MARKETS TRANSITION ECONOMIES DEVELOPING COUNTRIES ENTERPRISE RESTRUCTURING STATE-OWNED ENTERPRISES VALUE ADDED CAPITAL-LABOUR RATIO ACCOUNTING ASSET STRIPPING BANK LOANS BANKING SECTOR COAL COMPANY DEBT DEFICITS DOWNSIZING ECONOMETRIC ANALYSIS EMPIRICAL STUDIES EMPLOYMENT ENTERPRISE RESTRUCTURING EQUILIBRIUM EXCHANGE RATE EXPORTS FIRMS GDP GOVERNMENT INTERVENTION INEFFICIENCY INFLATION INVENTORIES JOB LOSSES LABOR INPUTS LARGE ENTERPRISES MACROECONOMIC GROWTH MACROECONOMIC POLICY MARGINAL COST MARGINAL PRODUCTIVITY MARKET COMPETITION METALS METROPOLITAN AREAS OIL PRIVATE ENTERPRISES PRIVATIZATION PRODUCT MARKETS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURES PUBLIC SERVICES PUBLIC TRANSPORTATION TAXATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRADE LIBERALIZATION TRADE UNIONS TRANSITION ECONOMIES TRANSPORT VALUE ADDED Rama, Martín Newman, Constance Downsizing and Productivity Gains in the Public and Private Sectors of Colombia |
| geographic_facet |
Latin America & Caribbean Colombia |
| relation |
Policy Research Working Paper;No. 2770 |
| description |
Public sector restructuring, including
labor downsizing, has been one of the main areas of policy
activism in developing countries, and transition economies.
But little is known about its actual effects. The authors
use panel data on Colombian enterprises spanning more than
one decade, to assess the impact on several productivity
indicators. The results suggest that the productivity gains
from downsizing, are larger in state-owned enterprises than
in private enterprises. While the increase in value added
per worker is similar in both cases, state-owned enterprises
experience an increase in total value added, and in value
added per unit of capital, whereas both indicators decline
in private enterprises. The difference, which could simply
reflect the larger extent of initial inefficiency in
state-owned enterprises, does not appear to depend on the
degree of competition in product markets. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Rama, Martín Newman, Constance |
| author_facet |
Rama, Martín Newman, Constance |
| author_sort |
Rama, Martín |
| title |
Downsizing and Productivity Gains in the Public and Private Sectors of Colombia |
| title_short |
Downsizing and Productivity Gains in the Public and Private Sectors of Colombia |
| title_full |
Downsizing and Productivity Gains in the Public and Private Sectors of Colombia |
| title_fullStr |
Downsizing and Productivity Gains in the Public and Private Sectors of Colombia |
| title_full_unstemmed |
Downsizing and Productivity Gains in the Public and Private Sectors of Colombia |
| title_sort |
downsizing and productivity gains in the public and private sectors of colombia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/01/1687178/downsizing-productivity-gains-public-private-sectors-colombia http://hdl.handle.net/10986/15755 |
| _version_ |
1764429789171548160 |