Gerhard Glomm () (Department of Economics, Indiana University, Wylie Hall, Room 105, Bloomington, IN 47405, USA) Fabio Mendez () (Department of Economics, Walton College of Business, Room 402, University of Arkansas, Fayetteville, AR 72701, USA;)
Additional information is available for the following
registered author(s):
In this paper, we study how the privatization and deregulation of intermediate goods industries influence capital accumulation. Our model is solved under three alternative scenarios: (i) the intermediate sector is composed of a public monopoly under government control; (ii) the intermediate sector is dominated by a private monopoly; and (iii) the intermediate sector is competitive. The comparison of these models suggests that the income benefits of state-tomarket transitions are mostly due to increased competition on the deregulated market and that the privatization of state enterprises is not likely to generate significant changes in the economy when the public monopoly is replaced by a private monopoly. We find that elimination of monopoly rights can increase aggregate income significantly.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 75 (2009) Issue (Month): 4 (April) Pages: 976-995 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Laura Razzolini).
Related research
Keywords:
Find related papers by JEL classification: E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out