The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies – Empirical Evidence and Considerations for Industrial Location Policy
AbstractThis second contribution to WIFO's series of articles on privatisation focuses on the analysis of the empirical evidence. It also investigates which extent of government withdrawal from state-owned enterprises would be optimal from the perspective of industrial location policy. According to the international empirical evidence private ownership is generally the more efficient and more profitable form of ownership by economic standards. Only in narrowly defined exceptions, if functioning competition cannot be achieved via the respective regulation as, e.g., in the case of services of general interest, a permanent strategic investment by the government as core shareholder is justified from an economic perspective.
Download InfoIf 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by WIFO in its journal Quarterly.
Volume (Year): 16 (2011)
Issue (Month): 4 (December)
Privatisation Empirical Evidence Private Ownership Public Ownership;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: (Ilse Schulz).
If references are entirely missing, you can add them using this form.