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The Impact of UK Privatisation on Labour and Total Factor Productivity

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Author Info

  • Parker, David
  • Martin, Stephen

Abstract

Privatization programs have been introduced in a number of countries in the last decade with a view to improving the economic performance of state-owned industries. Yet empirical studies of public versus private ownership have produced mixed results. This study is concerned with assessing the impact on labor and total factor productivity of eleven major privatizations in the United Kingdom in the 1980s. The study is unique in identifying performance changes in the run-up to privatization, including the recession period since 1989, and in relating changes in performance to productivity changes in the economy, thus controlling for the effect of the business cycle on performance. Copyright 1995 by Scottish Economic Society.

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Bibliographic Info

Article provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.

Volume (Year): 42 (1995)
Issue (Month): 2 (May)
Pages: 201-20

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Handle: RePEc:bla:scotjp:v:42:y:1995:i:2:p:201-20

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Cited by:
  1. Bertero, Elisabetta & Rondi, Laura, 2002. "Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution: The Case of Italian State-Owned Firms and the European Union," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  2. Oliver Tiemann & Jonas Schreyögg, 2012. "Changes in hospital efficiency after privatization," Health Care Management Science, Springer, vol. 15(4), pages 310-326, December.
  3. Bozec, Yves & Laurin, Claude, 2000. "L’impact de l’annonce de la privatisation sur la performance," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(2), pages 265-298, juin.
  4. Willner, Johan & Parker, David, 2002. "The Relative Performance of Public and Private Enterprise Under Conditions of Active and Passive Ownership," Centre on Regulation and Competition (CRC) Working papers 30591, University of Manchester, Institute for Development Policy and Management (IDPM).
  5. John Pencavel, 2003. "The Surprising Retreat of Union Britain," NBER Working Papers 9564, National Bureau of Economic Research, Inc.
  6. Fabrizio Erbetta, 2001. "Technology Transfer: Spatial Indicators," CERIS Working Paper 200111, Institute for Economic Research on Firms and Growth - Moncalieri (TO).
  7. Jorge Pinilla & Joaquim Vergés, 2007. "Efectos De La Privatización En La Eficiencia De Iberia Líneas Aéreas De España S.A," Revista Economía y Administración, Facultad de Ciencias Económicas y Administrativas, Universidad de Concepción, vol. 69, pages 7-38, December.
  8. Fallahi, Firouz & Sakineh, Sojoodi & Mehin Aslaninia, Nasim, 2010. "Determinants of Labor Productivity in Iran’s Manufacturing Firms: With Emphasis on Labor Education and Training," MPRA Paper 27447, University Library of Munich, Germany.
  9. Massón-Guerra, José Luis, 2007. "Evolución de la Eficiencia Productiva de una empresa privatizada: El Caso del Grupo Telefónica de España
    [Productive Efficiency in Telefonica]
    ," MPRA Paper 13463, University Library of Munich, Germany.

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