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Public Enterprise Revisited

Author

Listed:
  • Chrisafis H. Iordanoglou

Abstract

The book compares the 1954–79 labour productivity record of 5 expanding public sector industries to that of 24 expanding, capital intensive, mass-production industries in the British private sector. The author shows that the public sector industries’ labour productivity growth was significantly faster than that of the private sector industries. Strikingly, he also finds that the state-owned industries were narrowing their productivity gap with their US counterparts at a significantly faster rate than the private sector industries. Dr Iordanoglou concludes that it is possible that public ownership had – in the historical period investigated – a long-term positive effect on these industries.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Chrisafis H. Iordanoglou, 2001. "Public Enterprise Revisited," Books, Edward Elgar Publishing, number 2180.
    • Handle: RePEc:elg:eebook:2180
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    Citations

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    Cited by:

    1. Susumu Cato, 2008. "Public monopoly, mixed oligopoly and productive efficiency: a generalization," Economics Bulletin, AccessEcon, vol. 12(24), pages 1-7.
    2. Johan WILLNER & Sonja GRÖNBLOM, 2011. "Reforming a network industry: consequences for cost efficiency and welfare," Departmental Working Papers 2011-33, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Sonja GRÖNBLOM & Johan WILLNER, 2008. "Privatization And Liberalization: Costs And Benefits In The Presence Of Wage‐Bargaining," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(1), pages 133-160, March.
    4. Johan Willner, 2010. "Public Options and Altruistic Firms - Antitrust Targets or Tools? The Welfare Impact of a Mixed Oligopoly With Managerial firms," Discussion Papers 59, Aboa Centre for Economics.
    5. Johan Willner & Sonja Grönblom, 2013. "Reforming a network industry: consequences for cost efficiency and welfare," International Review of Applied Economics, Taylor & Francis Journals, vol. 27(2), pages 265-284, March.
    6. Robert MILLWARD, 2010. "Public enterprise in the modern western world: an historical analysis," Departmental Working Papers 2010-26, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    7. Avner Offer, 2018. "Patient and impatient capital: time horizons as market boundaries," Oxford Economic and Social History Working Papers _165, University of Oxford, Department of Economics.
    8. Johan Willner, 2013. "The welfare impact of a managerial oligopoly with an altruistic firm," Journal of Economics, Springer, vol. 109(2), pages 97-115, June.
    9. Sonja Grönblom & Johan Willner, 2014. "Organisational form and individual motivation: public ownership, privatisation and fat cats," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 17(3), pages 267-284, September.
    10. Vergés, Joaquim, 2014. "Eficiencia comparativa Empresa Pública vs. Empresa Privada: La evidencia empírica [Comparative efficiency of Public-owned vs. Private-owned companies: The empirical evidence]," MPRA Paper 58816, University Library of Munich, Germany.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • K0 - Law and Economics - - General

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