Privatisation and Public Ownership in Finland
AbstractFinland’s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a process that has been fairly successful in its stated aims of generating revenues and achieving industrial restructuring. But the state-owned companies have also been fairly successful, so there is no evidence of improved financial performance or cost efficiency despite stronger focus on profits. Costs have on the other hand often been reduced in traditional public-sector industries, where private provision has increased with deregulation and/or competitive tendering and more commercial objectives. The consequences for allocative efficiency are however ambiguous, because of changes in quality and working conditions.
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.
Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1012.
Date of creation: 2003
Date of revision:
privatisation; public ownership; Finland;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-05-02 (All new papers)
- NEP-HIS-2004-05-02 (Business, Economic & Financial History)
- NEP-PBE-2004-05-02 (Public Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Willner, Johan, 1999. "Policy objectives and performance in a mixed market with bargaining," International Journal of Industrial Organization, Elsevier, vol. 17(1), pages 137-145, January.
- Cremer, H. & Marchand, M. & Thisse, J.-F., 1987.
"The public firm as an instrument for regulating an oligopolistic market,"
CORE Discussion Papers
1987010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Cremer, Helmuth & Marchand, Maurice & Thisse, Jacques-Francois, 1989. "The Public Firm as an Instrument for Regulating an Oligopolistic Market," Oxford Economic Papers, Oxford University Press, vol. 41(2), pages 283-301, April.
- CREMER, Helmuth & MARCHAND, Maurice & THISSE, Jacques-François, . "The public firm as an instrument for regulating an oligopolistic market," CORE Discussion Papers RP -832, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jeffry M. Netter & William L. Megginson, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June.
- Kauko, Karlo, 2000. "The Microeconomics of Innovation: Oligopoly Theoretic Analyses with Applications to Banking and Patenting," Scientific Monographs E:18/2000, Bank of Finland.
- Estrin, Saul & Perotin, Virginie, 1991. "Does ownership always matter?," International Journal of Industrial Organization, Elsevier, vol. 9(1), pages 55-72, March.
- Ali-Yrkkö, Jyrki & Ylä-Anttila, Pekka, 2001. "Globalisation of Business in a Small Country - Does Ownership Matter?," Discussion Papers 779, The Research Institute of the Finnish Economy.
- Jalilian, Hossein & Kirkpatrick, Colin & Parker, David, 2007. "The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis," World Development, Elsevier, vol. 35(1), pages 87-103, January.
- De Fraja, Giovanni, 1993. "Productive efficiency in public and private firms," Journal of Public Economics, Elsevier, vol. 50(1), pages 15-30, January.
- Reino Hjerppe & Kalevi Luoma, 1997. "Finnish Experiences in Measuring and Promoting Productivity in the Public Sector," Discussion Papers 150, Government Institute for Economic Research Finland (VATT).
- Geroski, P. A., 1995. "What do we know about entry?," International Journal of Industrial Organization, Elsevier, vol. 13(4), pages 421-440, December.
- de Fraja, Giovanni & Delbono, Flavio, 1989. "Alternative Strategies of a Public Enterprise in Oligopoly," Oxford Economic Papers, Oxford University Press, vol. 41(2), pages 302-11, April.
- 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).
- Willner, Johan & Stahl, Leila, 1992. "Where are the welfare losses of imperfect competition large?," European Journal of Political Economy, Elsevier, vol. 8(3), pages 477-490, October.
- Altia in Wikipedia (English)
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).
If references are entirely missing, you can add them using this form.