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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Bibliographic Details
Main Authors:	Bourguignon, François, Sepulveda, Claudia
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	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
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