Privatization in Development : Some Lessons from Experience
This paper briefly reviews the main theories of state versus private ownership and empirical evidence on the impact of privatization in developing countries (including transition economies). The paper draws some lessons for policy and offers some s...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091116131648 http://hdl.handle.net/10986/4323 |
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okr-10986-4323 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ARREARS BANK PRIVATIZATION BANKRUPTCY BENEFITS OF PRIVATIZATION BUDGET CONSTRAINTS CAPITAL INVESTMENT CAPITAL STOCK CAPITALIZATION CENTRAL GOVERNMENT CLEAN WATER COLLECTIVE OWNERSHIP COMPETITIVE ENVIRONMENT CONSUMER SURPLUS CONSUMER WELFARE CONTRACTUAL OBLIGATION CORPORATE GOVERNANCE CORPORATE PERFORMANCE DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISSOLUTION DOMESTIC BUYERS DOMESTIC INVESTMENT ECONOMIC EFFICIENCY ECONOMIC TRANSITION ECONOMICS ECONOMICS OF PRIVATIZATION ECONOMIES IN TRANSITION ECONOMIES OF SCALE EFFICIENCY GAINS EMPIRICAL ANALYSIS EMPIRICAL ANALYSIS OF PROFITABILITY EMPIRICAL EVIDENCE EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENTERPRISE RESTRUCTURING EXECUTIVE DIRECTORS EXTENT OF PRIVATIZATION EXTERNALITIES FINANCIAL PERFORMANCE FIRM PERFORMANCE FIXED COSTS FOREIGN OWNERS FOREIGN OWNERSHIP GROSS DOMESTIC PRODUCT HARD BUDGET HARD BUDGET CONSTRAINT IMPACT OF PRIVATIZATION IMPACT OF PRIVATIZATION ON EMPLOYMENT IMPACT OF PRIVATIZATION ON PERFORMANCE INCOME INCOME GROUP INCOME GROUPS INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION INVESTMENT FUNDS INVESTMENT SPENDING LABOR INTENSITY LABOR MARKET LAWS LEVERAGE LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC IMPACT OF PRIVATIZATION MAJORITY OWNERSHIP MARGINAL COST MARKET FAILURES METHOD OF PRIVATIZATION MIXED OWNERSHIP MORTALITY RATE MORTALITY RATES MUNICIPALITIES NEW PRODUCTS OPERATING EFFICIENCY OUTPUT OUTPUT RATIO OWNERSHIP CONCENTRATION OWNERSHIP RIGHTS OWNERSHIP STRUCTURE POLITICAL ECONOMY PRICE CAP PRIVATE COMPANY PRIVATE FIRMS PRIVATE MONOPOLY PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION DATABASE PRIVATIZATION EXPERIENCE PRIVATIZATION IN TRANSITION ECONOMIES PRIVATIZATION OPERATIONS PRIVATIZATION PROCEEDS PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PRIVATIZATION PROGRAMS PRIVATIZATION PROSPECTUS PRIVATIZATION WORK PRIVATIZATIONS PROCEEDS FROM PRIVATIZATION PROCUREMENT PRODUCTIVE ASSETS PRODUCTIVE EFFICIENCY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC ENTERPRISES PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SECTORS REGIONAL DEVELOPMENT BANKS REGULATED UTILITIES REGULATORY CHANGES STATE FIRMS STATE OWNERSHIP TRANSFER OF OWNERSHIP TRANSITION ECONOMIES TYPE OF OWNERSHIP UNBUNDLING UNIT COST UTILITIES VARIABLE COST WATER COMPANIES WATER DISTRIBUTION WATER PROVISION WAVE OF PRIVATIZATION WORLD DEVELOPMENT INDICATORS |
| spellingShingle |
ARREARS BANK PRIVATIZATION BANKRUPTCY BENEFITS OF PRIVATIZATION BUDGET CONSTRAINTS CAPITAL INVESTMENT CAPITAL STOCK CAPITALIZATION CENTRAL GOVERNMENT CLEAN WATER COLLECTIVE OWNERSHIP COMPETITIVE ENVIRONMENT CONSUMER SURPLUS CONSUMER WELFARE CONTRACTUAL OBLIGATION CORPORATE GOVERNANCE CORPORATE PERFORMANCE DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISSOLUTION DOMESTIC BUYERS DOMESTIC INVESTMENT ECONOMIC EFFICIENCY ECONOMIC TRANSITION ECONOMICS ECONOMICS OF PRIVATIZATION ECONOMIES IN TRANSITION ECONOMIES OF SCALE EFFICIENCY GAINS EMPIRICAL ANALYSIS EMPIRICAL ANALYSIS OF PROFITABILITY EMPIRICAL EVIDENCE EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENTERPRISE RESTRUCTURING EXECUTIVE DIRECTORS EXTENT OF PRIVATIZATION EXTERNALITIES FINANCIAL PERFORMANCE FIRM PERFORMANCE FIXED COSTS FOREIGN OWNERS FOREIGN OWNERSHIP GROSS DOMESTIC PRODUCT HARD BUDGET HARD BUDGET CONSTRAINT IMPACT OF PRIVATIZATION IMPACT OF PRIVATIZATION ON EMPLOYMENT IMPACT OF PRIVATIZATION ON PERFORMANCE INCOME INCOME GROUP INCOME GROUPS INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION INVESTMENT FUNDS INVESTMENT SPENDING LABOR INTENSITY LABOR MARKET LAWS LEVERAGE LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC IMPACT OF PRIVATIZATION MAJORITY OWNERSHIP MARGINAL COST MARKET FAILURES METHOD OF PRIVATIZATION MIXED OWNERSHIP MORTALITY RATE MORTALITY RATES MUNICIPALITIES NEW PRODUCTS OPERATING EFFICIENCY OUTPUT OUTPUT RATIO OWNERSHIP CONCENTRATION OWNERSHIP RIGHTS OWNERSHIP STRUCTURE POLITICAL ECONOMY PRICE CAP PRIVATE COMPANY PRIVATE FIRMS PRIVATE MONOPOLY PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION DATABASE PRIVATIZATION EXPERIENCE PRIVATIZATION IN TRANSITION ECONOMIES PRIVATIZATION OPERATIONS PRIVATIZATION PROCEEDS PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PRIVATIZATION PROGRAMS PRIVATIZATION PROSPECTUS PRIVATIZATION WORK PRIVATIZATIONS PROCEEDS FROM PRIVATIZATION PROCUREMENT PRODUCTIVE ASSETS PRODUCTIVE EFFICIENCY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC ENTERPRISES PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SECTORS REGIONAL DEVELOPMENT BANKS REGULATED UTILITIES REGULATORY CHANGES STATE FIRMS STATE OWNERSHIP TRANSFER OF OWNERSHIP TRANSITION ECONOMIES TYPE OF OWNERSHIP UNBUNDLING UNIT COST UTILITIES VARIABLE COST WATER COMPANIES WATER DISTRIBUTION WATER PROVISION WAVE OF PRIVATIZATION WORLD DEVELOPMENT INDICATORS Bourguignon, François Sepulveda, Claudia Privatization in Development : Some Lessons from Experience |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5131 |
| description |
This paper briefly reviews the main
theories of state versus private ownership and empirical
evidence on the impact of 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
important area about which little is known: the
distributional effects of privatization. Whether arguing
from the standpoint of welfare economics or political
economy, distributional effects are critical to the outcome,
or the perceived outcome, of privatization. Thus, there is a
need to fully evaluate the ex ante and ex post impacts of
privatization, the most effective types of regulation and
ownership regimes, and the way in which losers, when there
are any, can be compensated. This is a need that must be met
by academics and development agencies, including the World
Bank and regional development banks. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Bourguignon, François Sepulveda, Claudia |
| author_facet |
Bourguignon, François Sepulveda, Claudia |
| author_sort |
Bourguignon, François |
| title |
Privatization in Development : Some Lessons from Experience |
| title_short |
Privatization in Development : Some Lessons from Experience |
| title_full |
Privatization in Development : Some Lessons from Experience |
| title_fullStr |
Privatization in Development : Some Lessons from Experience |
| title_full_unstemmed |
Privatization in Development : Some Lessons from Experience |
| title_sort |
privatization in development : some lessons from experience |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091116131648 http://hdl.handle.net/10986/4323 |
| _version_ |
1764390925729005568 |
| spelling |
okr-10986-43232021-04-23T14:02:17Z Privatization in Development : Some Lessons from Experience Bourguignon, François Sepulveda, Claudia ARREARS BANK PRIVATIZATION BANKRUPTCY BENEFITS OF PRIVATIZATION BUDGET CONSTRAINTS CAPITAL INVESTMENT CAPITAL STOCK CAPITALIZATION CENTRAL GOVERNMENT CLEAN WATER COLLECTIVE OWNERSHIP COMPETITIVE ENVIRONMENT CONSUMER SURPLUS CONSUMER WELFARE CONTRACTUAL OBLIGATION CORPORATE GOVERNANCE CORPORATE PERFORMANCE DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISSOLUTION DOMESTIC BUYERS DOMESTIC INVESTMENT ECONOMIC EFFICIENCY ECONOMIC TRANSITION ECONOMICS ECONOMICS OF PRIVATIZATION ECONOMIES IN TRANSITION ECONOMIES OF SCALE EFFICIENCY GAINS EMPIRICAL ANALYSIS EMPIRICAL ANALYSIS OF PROFITABILITY EMPIRICAL EVIDENCE EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENTERPRISE RESTRUCTURING EXECUTIVE DIRECTORS EXTENT OF PRIVATIZATION EXTERNALITIES FINANCIAL PERFORMANCE FIRM PERFORMANCE FIXED COSTS FOREIGN OWNERS FOREIGN OWNERSHIP GROSS DOMESTIC PRODUCT HARD BUDGET HARD BUDGET CONSTRAINT IMPACT OF PRIVATIZATION IMPACT OF PRIVATIZATION ON EMPLOYMENT IMPACT OF PRIVATIZATION ON PERFORMANCE INCOME INCOME GROUP INCOME GROUPS INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION INVESTMENT FUNDS INVESTMENT SPENDING LABOR INTENSITY LABOR MARKET LAWS LEVERAGE LOCAL GOVERNMENTS LOW-INCOME COUNTRIES MACROECONOMIC IMPACT OF PRIVATIZATION MAJORITY OWNERSHIP MARGINAL COST MARKET FAILURES METHOD OF PRIVATIZATION MIXED OWNERSHIP MORTALITY RATE MORTALITY RATES MUNICIPALITIES NEW PRODUCTS OPERATING EFFICIENCY OUTPUT OUTPUT RATIO OWNERSHIP CONCENTRATION OWNERSHIP RIGHTS OWNERSHIP STRUCTURE POLITICAL ECONOMY PRICE CAP PRIVATE COMPANY PRIVATE FIRMS PRIVATE MONOPOLY PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION DATABASE PRIVATIZATION EXPERIENCE PRIVATIZATION IN TRANSITION ECONOMIES PRIVATIZATION OPERATIONS PRIVATIZATION PROCEEDS PRIVATIZATION PROCESS PRIVATIZATION PROGRAM PRIVATIZATION PROGRAMS PRIVATIZATION PROSPECTUS PRIVATIZATION WORK PRIVATIZATIONS PROCEEDS FROM PRIVATIZATION PROCUREMENT PRODUCTIVE ASSETS PRODUCTIVE EFFICIENCY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC ENTERPRISES PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SECTORS REGIONAL DEVELOPMENT BANKS REGULATED UTILITIES REGULATORY CHANGES STATE FIRMS STATE OWNERSHIP TRANSFER OF OWNERSHIP TRANSITION ECONOMIES TYPE OF OWNERSHIP UNBUNDLING UNIT COST UTILITIES VARIABLE COST WATER COMPANIES WATER DISTRIBUTION WATER PROVISION WAVE OF PRIVATIZATION WORLD DEVELOPMENT INDICATORS This paper briefly reviews the main theories of state versus private ownership and empirical evidence on the impact of 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 important area about which little is known: the distributional effects of privatization. Whether arguing from the standpoint of welfare economics or political economy, distributional effects are critical to the outcome, or the perceived outcome, of privatization. Thus, there is a need to fully evaluate the ex ante and ex post impacts of privatization, the most effective types of regulation and ownership regimes, and the way in which losers, when there are any, can be compensated. This is a need that must be met by academics and development agencies, including the World Bank and regional development banks. 2012-03-19T19:13:59Z 2012-03-19T19:13:59Z 2009-11-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091116131648 http://hdl.handle.net/10986/4323 English Policy Research working paper ; no. WPS 5131 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |