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Empirical Evidence on Satisfaction with Privatization in Latin America: Welfare Effects and Beliefs

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  • Bonnet, Céline
  • Dubois, Pierre
  • Martimort, David
  • Straub, Stéphane

Abstract

Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse welfare effects, there has been a strong surge in public discontent with such policy in the region. This paper performs a systematic empirical analysis of the determinants of such discontent with privatizations in Latin America, using survey data from Latinobarometro covering 18 countries over the period 1995-2005, complemented by country level data on macroeconomic, political, and institutional aspects as well as data on privatization. Dissatisfaction appears to respond to absolute and relative welfare effects, as well as to individual beliefs and expectations.

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Bibliographic Info

Paper provided by Institut d'Économie Industrielle (IDEI), Toulouse in its series IDEI Working Papers with number 566.

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Date of creation: Mar 2009
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Publication status: Published in The World Bank Economic Review, vol.�26, n°1, 2012, p.�1-33.
Handle: RePEc:ide:wpaper:10971

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Cited by:
  1. Straub, Stéphane, 2009. "Governance in Water Supply," IDEI Working Papers 544, Institut d'Économie Industrielle (IDEI), Toulouse.
  2. Kaminski, Jonathan, 2008. "Wealth, Living Standards and Perceptions in a Cotton Economy: Evidence from the Cotton Reform in Burkina Faso," Discussion Papers 45780, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  3. Claude Ménard, 2011. "Is Public-Private Partnership Obsolete?," Working Papers halshs-00653090, HAL.
  4. Di Tella, Rafael & Galiani, Sebastian & Schargrodsky, Ernesto, 2012. "Reality versus propaganda in the formation of beliefs about privatization," Journal of Public Economics, Elsevier, vol. 96(5), pages 553-567.
  5. Claude Ménard & Peeroo Aleksandra, 2011. "Liberalization in the Water Sector : Three Leading Models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00624303, HAL.

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