Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/314205 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Applied Economics [ISSN:] 1667-6726 [Volume:] 25 [Issue:] 1 [Year:] 2022 [Pages:] 1239-1259
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
Privatization of public-sector enterprises (PSEs) has generated billions of dollars to support fiscal and macroeconomic imbalances in several developing countries. A limited literature evaluates the recent privatization program impacts on the PSEs. This study empirically investigated the privatization impact on the performance and efficiency of the firms in post-privatization period in Pakistan. Firm-level data are used to evaluate the privatization effects on performance and efficiency of the privatized PSEs. We use difference-in-difference approach that exploits within-firm variation in the outcome variables over time. The regression results show that the performance of only few firms improved while it remains negative or insignificant largely. The efficiency of the firms is also not improved significantly in post-privatization period.
Subjects: 
competition
efficiency
Pakistan
performance
Privatization
regulation policy
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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