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Privatisation Policy in Spain: Stuck Between Liberalisation and the Protection of Nationals’ Interests

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Author Info
Pablo Arocena ()
Abstract

This paper carries out an overview of the recent history of privatisation in Spain. At this point, the paper focuses on the analysis of the economic, financial and political objectives pursued by successive Spanish Administrations. It is argued that privatisation policy has been inconsistent with the liberalising measures, reflecting the conflict between the advocacy of market liberalisation and the protection of nationals’ interests. Likewise, we review the still very scarce empirical evidence on the economic consequences of privatisation on firms’ and markets’ performance, with a particular emphasis on the analysis of privatisation and liberalisation in the utilities sectors.

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Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 1187.

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Date of creation: 2004
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Handle: RePEc:ces:ceswps:_1187

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Related research
Keywords: privatisation; liberalisation; Spain; utilities;

Find related papers by JEL classification:
L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out
L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General

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References listed on IDEAS
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  1. Joaquim Vergés, 2000. "Privatisations in Spain: Process, Policies and Goals," European Journal of Law and Economics, Springer, vol. 9(3), pages 255-280, May. [Downloadable!] (restricted)
  2. Arocena, Pablo & Contin, Ignacio & Huerta, Emilio, 2002. "Price regulation in the Spanish energy sectors: who benefits?," Energy Policy, Elsevier, vol. 30(10), pages 885-895, August. [Downloadable!] (restricted)
  3. Villalonga, Belen, 2000. "Privatization and efficiency: differentiating ownership effects from political, organizational, and dynamic effects," Journal of Economic Behavior & Organization, Elsevier, vol. 42(1), pages 43-74, May. [Downloadable!] (restricted)
  4. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. " The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, vol. 49(2), pages 403-52, June. [Downloadable!] (restricted)
  5. Arocena, Pablo & Kuhn, Kai-Uwe- & Regibeau, Pierre, 1999. "Regulatory reform in the Spanish electricity industry: a missed opportunity for competition," Energy Policy, Elsevier, vol. 27(7), pages 387-399, July. [Downloadable!] (restricted)
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