The Impact Of Privatization On The Performance Of The Infrastructure Sector

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The Impact of Privatization on the Performance of the Infrastructure Sector

Author : Luis Andrés
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Impact of Privatization on the Performance of the Infrastructure Sector by : Luis Andrés

Download or read book The Impact of Privatization on the Performance of the Infrastructure Sector written by Luis Andrés and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors analyze the impact of privatization on the performance of 116 electric utilities in 10 Latin American countries. The analysis makes a number of contributions to the literature on changes in infrastructure ownership. First, this is the first systemic analysis of the impact of privatization on the distribution of the electricity sector. Second, it constructs an unbalanced panel data set of key indicators for each country. Third, it includes a broader-than in past studies-range of indicators, such as output, employment, productivity, efficiency, quality, coverage, and prices, offering a fuller picture of the effects of privatization on consumers. Fourth, this research covers a longer period of time, and evaluates three stages-before, transition, and after-allowing for the identification of the short- and long-run effects of privatization, as opposed to previous analyses' short time series data that do not identify long-run outcomes. Finally, the counterfactual is considered through the analysis in trends. The authors apply two different methodologies. The first methodology uses means and medians from each period and tests the significance of the changes between periods. The second methodology consists of an econometric model that captures firm fixed effects, firm-specific time trends, and heteroscedasticity corrections. When needed, the authors used firm-specific time trends to better understand the outcomes. The results suggest that changes in ownership generate significant improvements in labor productivity, efficiency, and product and service quality, and that most of those changes occur in the transition period. Improvements in the post transition period-beyond two years after the change in ownership-are much more modest. "--World Bank web site.

The Impact of Privatization on the Performance of the Infrastructure Sector

Author : Luis Andres
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis The Impact of Privatization on the Performance of the Infrastructure Sector by : Luis Andres

Download or read book The Impact of Privatization on the Performance of the Infrastructure Sector written by Luis Andres and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze the impact of privatization on the performance of 116 electric utilities in 10 Latin American countries. The analysis makes a number of contributions to the literature on changes in infrastructure ownership. First, this is the first systemic analysis of the impact of privatization on the distribution of the electricity sector. Second, it constructs an unbalanced panel data set of key indicators for each country. Third, it includes a broader-than in past studies-range of indicators, such as output, employment, productivity, efficiency, quality, coverage, and prices, offering a fuller picture of the effects of privatization on consumers. Fourth, this research covers a longer period of time, and evaluates three stages-before, transition, and after-allowing for the identification of the short- and long-run effects of privatization, as opposed to previous analyses' short time series data that do not identify long-run outcomes. Finally, the counterfactual is considered through the analysis in trends. The authors apply two different methodologies. The first methodology uses means and medians from each period and tests the significance of the changes between periods. The second methodology consists of an econometric model that captures firm fixed effects, firm-specific time trends, and heteroscedasticity corrections. When needed, the authors used firm-specific time trends to better understand the outcomes. The results suggest that changes in ownership generate significant improvements in labor productivity, efficiency, and product and service quality, and that most of those changes occur in the transition period. Improvements in the post transition period-beyond two years after the change in ownership-are much more modest.

The Impact of Privatization on the Performance of the Infrastructure Sector

Author : Luis Alberto Andres
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Impact of Privatization on the Performance of the Infrastructure Sector by : Luis Alberto Andres

Download or read book The Impact of Privatization on the Performance of the Infrastructure Sector written by Luis Alberto Andres and published by . This book was released on 2016 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze the impact of privatization on the performance of 116 electric utilities in 10 Latin American countries. The analysis makes a number of contributions to the literature on changes in infrastructure ownership. First, this is the first systemic analysis of the impact of privatization on the distribution of the electricity sector. Second, it constructs an unbalanced panel data set of key indicators for each country. Third, it includes a broader - than in past studies - range of indicators, such as output, employment, productivity, efficiency, quality, coverage, and prices, offering a fuller picture of the effects of privatization on consumers. Fourth, this research covers a longer period of time, and evaluates three stages - before, transition, and after - allowing for the identification of the short- and long-run effects of privatization, as opposed to previous analyses' short time series data that do not identify long-run outcomes. Finally, the counterfactual is considered through the analysis in trends. The authors apply two different methodologies. The first methodology uses means and medians from each period and tests the significance of the changes between periods. The second methodology consists of an econometric model that captures firm fixed effects, firm-specific time trends, and heteroscedasticity corrections. When needed, the authors used firm-specific time trends to better understand the outcomes. The results suggest that changes in ownership generate significant improvements in labor productivity, efficiency, and product and service quality, and that most of those changes occur in the transition period. Improvements in the post transition period - beyond two years after the change in ownership - are much more modest.

Reforming Infrastructure

Author : Ioannis Nicolaos Kessides
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Reforming Infrastructure by : Ioannis Nicolaos Kessides

Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.

The Impact of Private Sector Participation in Infrastructure

Author : Luis A. Andres
Publisher : World Bank Publications
ISBN 13 : 0821374109
Total Pages : 382 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Impact of Private Sector Participation in Infrastructure by : Luis A. Andres

Download or read book The Impact of Private Sector Participation in Infrastructure written by Luis A. Andres and published by World Bank Publications. This book was released on 2008-07-25 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure plays a key role in fostering growth and productivity and has been linked to improved earnings, health, and education levels for the poor. Yet Latin America and the Caribbean are currently faced with a dangerous combination of relatively low public and private infrastructure investment. Those investment levels must increase, and it can be done. If Latin American and Caribbean governments are to increase infrastructure investment in politically feasible ways, it is critical that they learn from experience and have an accurate idea of future impacts. This book contributes to this aim by producing what is arguably the most comprehensive privatization impact analysis in the region to date, drawing on an extremely comprehensive dataset.

Private Participation in Infrastructure in Developing Countries

Author : Clive Harris
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Private Participation in Infrastructure in Developing Countries by : Clive Harris

Impact of deregulation and privatization

Author : United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization
Publisher :
ISBN 13 :
Total Pages : 556 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Impact of deregulation and privatization by : United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization

Download or read book Impact of deregulation and privatization written by United States. Congress. House. Committee on Small Business. Subcommittee on Antitrust, Impact of Deregulation, and Privatization and published by . This book was released on 1987 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Going Private

Author : Jose Gomez-Ibanez
Publisher : Brookings Institution Press
ISBN 13 : 9780815715702
Total Pages : 340 pages
Book Rating : 4.7/5 (157 download)

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Book Synopsis Going Private by : Jose Gomez-Ibanez

Download or read book Going Private written by Jose Gomez-Ibanez and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade many countries turned to private sources to provide services formerly offered by public agencies. Europeans, particularly the British and the French, were leaders in this movement. Developing countries also experimented extensively with privatization in the 1980s, with varying degrees of success. Because governments around the world are heavily involved in transportation, it is a natural focus of privatization experiments and in many ways has been at the cutting edge. Going Private examines the diverse privatization experiences of transportation services and facilities. Cases are drawn from the United States, Asia, Europe, and Latin America. Since almost every country has experimented to some degree with highway and bus privatization, the authors focus particularly on these services, although they also discuss urban rail transit and airports. Highways and buses, they explain, encompass all three of the most common and basic forms of privatization: the sale of an existing state-owned enterprise; use of private, rather than public, financing and management for new infrastructure development; and contracting out to private vendors public services previously provided by government employees. After thoroughly examining these services and discussing the motives for, and objections to, privatization, the authors look at the prospects for privatization in other sectors and industries. They assess those circumstances in which privatization is most likely to succeed and those in which it is most likely to fail, for political as well as economic reasons. The authors conclude that privatization involves many political and social as well as economic dimensions. Privatization is usually not simply a matter of efficiency improvements or capital augmentation but also involves such deeply imbedded societal concerns as equity, income transfers, environmental problems, and attitudes toward taxation and the role of government.

Privatization and Regulation of Transport Infrastructure

Author : Antonio Estache
Publisher : World Bank Publications
ISBN 13 : 9780821347218
Total Pages : 324 pages
Book Rating : 4.3/5 (472 download)

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Book Synopsis Privatization and Regulation of Transport Infrastructure by : Antonio Estache

Download or read book Privatization and Regulation of Transport Infrastructure written by Antonio Estache and published by World Bank Publications. This book was released on 2000-01-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.

Private Participation in Infrastructure in Developing Countries

Author : Clive Harris
Publisher : World Bank Publications
ISBN 13 : 9780821355121
Total Pages : 60 pages
Book Rating : 4.3/5 (551 download)

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Book Synopsis Private Participation in Infrastructure in Developing Countries by : Clive Harris

Download or read book Private Participation in Infrastructure in Developing Countries written by Clive Harris and published by World Bank Publications. This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned monopolies. But in many developing countries, the results were disappointing. Public sector monopolies were plagued by inefficiency. Many were strapped for resources because governments succumbed to populist pressures to hold prices below costs. Fiscal pressures, and the success of the pioneers of the privatization of infrastructure services, provided governments with a new paradigm. Many governments sought to involve the private sector in the provision and financing of infrastructure services. The shift to the private provision that occurred during the 1990s was much more rapid and widespread than had been anticipated at the start of the decade. By 2001, developing countries had seen over $755 billion of investment flows in nearly 2500 infrastructure projects. However, these flows peaked in 1997, and have fallen more or less steadily ever since. These declines have been accompanied by high profile cancellations or renegotiations of some projects, a reduction in investor appetite for these activities and, in some parts of the world, a shift in public opinion against the private provision of infrastructure services. The current sense of disillusionment stands in stark contrast to what should in retrospect be surprise at the spectacular growth of private infrastructure during the 1990s.

Privatization

Author : Sunita Kikeri
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)

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Book Synopsis Privatization by : Sunita Kikeri

Download or read book Privatization written by Sunita Kikeri and published by World Bank Publications. This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper takes stock of recent privatization trends, examines the extent to which government ownership is still prevalent in developing countries, and summarizes emerging issues for state enterprise reform going forward. Between 1990 and 2003, 120 developing countries carried out nearly 8,000 privatization transactions and raised $410 billion in privatization revenues. Privatization activity peaked in 1997 and dropped off in the late 1990s and, while still at overall low levels, is slowly creeping back. While there are a large number of studies assessing the impact of privatization on enterprise performance and overall welfare, there are no systematic data on the extent to which privatization has changed the role of state enterprises in the economy. Anecdotal evidence suggests that the state's role has been substantially reduced in Eastern and Central Europe and in certain countries in Latin America. But available evidence also suggests that, despite a long track record of privatization, government ownership in state enterprises is still widely prevalent in some regions and countries, and in certain sectors in virtually all regions. The paper shows that the costs of not reforming state enterprises are high and that continued efforts need to be made to improve their performance by improving privatization policies and institutions; adopting more of a case-by-case approach for complex sectors and countries; and exposing state enterprises to market discipline through new private entry and exit of unviable firms and improvements in their corporate governance. "--World Bank web site.

Privatization

Author : Graeme Hodge
Publisher : Routledge
ISBN 13 : 0429966571
Total Pages : 320 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Privatization by : Graeme Hodge

Download or read book Privatization written by Graeme Hodge and published by Routledge. This book was released on 2018-03-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contracting out public sector services and divesting public enterprises are reforms that have enjoyed widespread global popularity in recent years. Better services, lower prices and greater accountability are the promises made by politicians, senior executives, and investment companies when functions are moved from the public sector to private enterprise. But in Privatization, Graeme A. Hodge challenges these assumptions. Through an examination of hundreds of international studies on the performance of privatization activities, Hodge demonstrates that privatizing public services is often not the guaranteed panacea portrayed by its political supporters. Importantly, privatization activities can lead to modest gains, but there are also winners and losers in this reform. It therefore deserves far more care and balanced debate than it usually attracts.

Privatization

Author : Gérard Roland
Publisher : Columbia University Press
ISBN 13 : 0231141602
Total Pages : 257 pages
Book Rating : 4.2/5 (311 download)

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Book Synopsis Privatization by : Gérard Roland

Download or read book Privatization written by Gérard Roland and published by Columbia University Press. This book was released on 2008 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The privatization of large state-owned enterprises is one of the most radical policy developments of the last quarter century. Right-wing governments have privatized in an effort to decrease the size of government, while left-wing governments have privatized either to compensate for the failures of state-owned firms or to generate revenues. In this way, privatization has spread from Europe to Latin America, from Asia to Africa, reaching its zenith with Central and Eastern Europe's transition from socialism to capitalism. In many countries state ownership has been an important tool in bringing cheap water, energy, and transport to poorer segments of the population. In other instances, it has sponsored aggressive cutbacks, corruption, and cronyism. Privatization: Successes and Failures evaluates the practices and results of privatization in Eastern Europe, Africa, Latin America, and Asia. Featuring the world's leading economists and experts on privatization, this volume offers a broad and balanced analysis of specific privatization projects and uncovers some surprising trends. Partial privatization, for example, tends to be more widespread than one might think, and the effects of privatization on efficiency are generally mixed but rarely negative. Also, while privatization appears uncontroversial in competitive sectors, it becomes increasingly complex in more monopolistic sectors where good regulation is crucial. Privatization concludes with alternative frameworks for countries in Africa and other regions that seek to develop privatization policy and programs.

Reality Check

Author : John R. Nellis
Publisher : CGD Books
ISBN 13 :
Total Pages : 464 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Reality Check by : John R. Nellis

Download or read book Reality Check written by John R. Nellis and published by CGD Books. This book was released on 2005 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the 1990's, privatization of inefficient state-owned enterprises was strongly embraced in developing and transitional economies. Little attention has gone to the distributional implications of the privatization movement, a particularly surprising oversight given the current backlash in many settings against further privatization. This book offers a comprehensive set of country-specific studies on the effects of privatization on people --winners and losers in different income, employment, and education groups. The studies analyze the changes in public tax revenue from privatized enterprises, shifts in pension and other liabilities, and changes in income of different groups. Contributors include David McKenzie (Stanford University), Dilip Mookherjee (Boston University), Gover Barja (Universidad Católica Boliviana, La Paz), Miguel Urquiola (Columbia University), Samuel Freije (Universidad de Las Américas in Puebla, Mexico), Luis A. Rivas (Ministry of Finance and Central Bank of Nicaragua), Máximo Torero, Enrique Schroth, and Alberto Pasco Font (Group of Analysis for Development [GRADE], Lima), Roberto Macedo (University of São Paulo, Presbyterian Mackenzie University, and Foundation Institute of Economic Research, São Paolo), Antonio Estache (World Bank), Michael Bleyzer and Edi Segura (SigmaBleyzer Corporation), Gary H. Jefferson, (Brandeis University), Su Jian (Brandeis and Peking Universities), Jiang Yuan and Yu Xinhua (National Bureau of Statistics, Beijing), and Malathy Knight-John and P.P.A. Wasantha (Institute of Policy Studies, Sri Lanka).

Constraints and Impacts of Privatisation

Author : V. V. Ramanadham
Publisher : Routledge
ISBN 13 : 1134961561
Total Pages : 395 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis Constraints and Impacts of Privatisation by : V. V. Ramanadham

Download or read book Constraints and Impacts of Privatisation written by V. V. Ramanadham and published by Routledge. This book was released on 2002-03-11 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains papers on some 25 countries written by experts directly connected with privatisation, either as academics or as policy makers and practitioners, with a comparative review at the end by the editor. It highlights the major factors in the success and the failings of privatisation attempts in different countries in Europe, America, Latin America, Africa, Asia and Australasia. In particular there are studies on the evolving experience of transformation to free market economy in the former socialist countries of Eastern Europe.

Sustaining Privatization of Infrastructure

Author : Kumar V Pratap
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783847342229
Total Pages : 236 pages
Book Rating : 4.3/5 (422 download)

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Book Synopsis Sustaining Privatization of Infrastructure by : Kumar V Pratap

Download or read book Sustaining Privatization of Infrastructure written by Kumar V Pratap and published by LAP Lambert Academic Publishing. This book was released on 2012-02 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the factors associated with sustainable privatization of infrastructure projects. Privatization offers a way for governments to make infrastructure delivery more effective and efficient than exclusively public provision, but often the promise is fraught with peril. The three essays in the book seek to use empirical data and analysis to answer three selected questions regarding sustainable privatization: what causes the private sector to exit from infrastructure projects; do Public-Private Partnerships (PPPs) provide value for money to governments; does privatization lead to benign outcomes. The major conclusions are: project cancellation rates, though rising, are still low - for the most part, the private sector is staying in private infrastructure projects; although trends in cancellation may not be an issue for private infrastructure projects as a whole, it is a concern in the water and sewerage sector; there is value for money to governments from Public-Private Partnerships in infrastructure; privatization leads to significant improvement in profitability, efficiency, and real output of firms, but the impact on employment is negative.

Privatization

Author : John R. Nellis
Publisher : World Bank Publications
ISBN 13 : 9780821321812
Total Pages : 100 pages
Book Rating : 4.3/5 (218 download)

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Book Synopsis Privatization by : John R. Nellis

Download or read book Privatization written by John R. Nellis and published by World Bank Publications. This book was released on 1992-01-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governance, as defined by the World Bank in its 1992 report, Governance and Development, is the manner in which power is exercised in the management of a country's economic and social resources for development. The report deemed it is within the Bank's mandate to focus on the following: -the process by which authority is exercised in the management of a country's economic and social resources -the capacity of governments to design, formulate, and implement policies and discharge functions. Also available: Governance: The World Bank's Experience (ISBN 0-8213-2804-2) Stock No. 12804.