Privatization has been the most controversial policy dominating the political agenda of many countries around the world. For instance, in the 1980s privatization were the policy choice and preferences as well as the new wave of conservative market reforms beginning in the west with the Thatcher government in the United Kingdom in 1979 and the Regan government in the United States the following ...

The merits and drawbacks of privatization have been subjects of considerable debate among business-people, city leaders, and public employees alike. Indeed, each element of privatization—from its apparent cost-saving properties to its possible negative impact on minority workers—provokes strong reaction. About the only thing that everyone can agree on is that the trend has been enormously benef...

The success of the various countries can often be linked to the type of privatization that was followed to take businesses from state-owned enterprises to joint stock companies to public companies (Djankov S., G. Pohl, 1996), (Carlin W., M. Landesmann, 1997). In general there are three types of privatization process: the first one is a mass privatization model, state-owned assets being distribu...

The scope of the public sector (i.e. what activities are undertaken by public rather than private entities) is a decision made by politicians. While there are economic costs and benefits to privatization, there is also a political benefit to incumbents: By privatizing today, politicians transfer future revenues (when they might not be in office) to the present. This political benefit leads to o...

Using a comprehensive country-level panel data set covering the period from 1990 to 2001, we investigate the impact of privatization and competition in the telecommunications sector around the world. Full privatization, which gave private owners control rights, contributed substantially to improving the allocation of labor and capital, expanding service output and network penetration, and impro...

Following on the ‘success ‘of economic reforms in Central and Eastern Europe, best practice privatization re-emerged in most countries in the Sub-Saharan Africa during the 1990s. In Nigeria, privatization came as integral parts of Adjustment credits and was aimed at enhancing the efficiency of resource allocation of government. The core objectives are reducing fiscal deficits, building a broade...

Labor’s share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model with agency problems, imperfect produc...