Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149156
Authors: 
Estrin, Saul
Pelletier, Adeline
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10297
Abstract: 
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it is found that private ownership alone does not automatically generate economic and employment gains in developing economies; pre-conditions (especially the regulatory infrastructure) and the process of privatisation are important to attain a positive impact. Such factors include well-designed and sequenced reforms; the implementation of complementary policies; the creation of regulatory capacity; attention to poverty and social impacts; and strong public communication; a list which is often challenging in developing countries. However, the studies do identify scope for efficiency-enhancing privatisation which also promotes equity in developing countries.
Subjects: 
impact of privatisation
economic reforms
developing economies
regulation
distribution of income
JEL: 
L1
L51
O10
Document Type: 
Working Paper

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