Advanced Search
MyIDEAS: Login

Una teoria positiva delle privatizzazioni per i paesi in via di sviluppo: note a margine delle ultime lezioni di Jean Jacques Laffont

Contents:

Author Info

  • Florio Massimo

Abstract

According to his posthumous book, Laffont (2005), suggests that when policy-makers in less developed countries have a private agenda, regulators risk to be corrupted, and ex post evaluation is costly, government privatization supply is a non linear (inverted U) function of a corruption index. Both benevolent and very corrupted governments may divest State Owned Enterprises for very different reasons. Governments with an intermediate degree of corruption may like privatization, but not always for good reasons in terms of social welfare. Undesirable privatization occurs when the private benefit/cost ratio of the policy-makers exceeds the social value of divestiture. The paper restates the complex Laffont's model in a simplified, intuitive form. Then, some assumptions of the model are critically examined. Finally, empirical evidence is discussed, and found not entirely convincing, because of the modest impact of the negative quadratic corruption variable. The intuition seems, however, important, in suggesting that privatization may be a function of corruption in some countries. The policy implication is that international financial institutions should be aware that in some circumstances privatization may occur for the wrong reasons in LDCs.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.rivisteweb.it/download/article/10.1429/22410
Download Restriction: no

File URL: http://www.rivisteweb.it/doi/10.1429/22410
Download Restriction: no

Bibliographic Info

Article provided by Società editrice il Mulino in its journal Politica economica.

Volume (Year): (2006)
Issue (Month): 2 ()
Pages: 131-156

as in new window
Handle: RePEc:mul:je8794:doi:10.1429/22410:y:2006:i:2:p:131-156

Contact details of provider:

Related research

Keywords: Privatization; regulation; corruption; incentives; development.;

Other versions of this item:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/22410:y:2006:i:2:p:131-156. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.