Mixed Ownership, Unemployment, and Welfare for a Developing Economy
AbstractThis paper considers the employment and welfare effects of mixed ownership via partial privatization of state-owned enterprises for a developing economy. An increase in the private ownership lowers the production and, hence, worsens urban unemployment in the short run. However, in the long run, capital moves to the rural region, alleviating the problem of urban unemployment. The employment effect can have a positive contribution to social welfare in the long run. Copyright � 2006 The Authors; Journal compilation � 2006 Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of Development Economics.
Volume (Year): 10 (2006)
Issue (Month): 4 (November)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669
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- Tohru Naito, 2012. "Urban-rural migration, unemployment, and privatization: a synthesis of Harris-Todaro model and a mixed duopoly," Letters in Spatial and Resource Sciences, Springer, vol. 5(2), pages 85-94, July.
- Leonard Wang & Ya-Chin Wang & Lihong Zhao, 2009. "Managerial delegation and partial privatization in general equilibrium with sector-specific unemployment," International Review of Economics, Springer, vol. 56(4), pages 393-399, December.
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