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Where Does the Public Sector End and the Private Sector Begin?

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  • Ian Lienert
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    Abstract

    The boundary between the public and private sectors can be defined on the basis of ownership of institutional units. Nonmarket government-owned entities and corporations that are owned or controlled by government units belong to the public sector. “Economic ownership†is more important than majority ownership. Joint ventures, public-private partnerships, and social insurance funds (including for public employees) can be unambiguously allocated to the public or private sector on the basis of international public sector accounting standards. Boundary problems within the public sector are just as acute as those between the public and private sectors, mainly because of ambiguities in distinguishing “market†from “nonmarket†activities.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 09/122.

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    Length: 30
    Date of creation: 01 Jun 2009
    Date of revision:
    Handle: RePEc:imf:imfwpa:09/122

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    Related research

    Keywords: Corporate sector; Government accounting; Government Finance Statistics Manual; public sector; social insurance; social security; private partnerships; social insurance schemes; public sectors; private companies; social insurance funds; social assistance; social insurance scheme; social assistance schemes; private company; social security schemes; social protection; public participation; entitlement; public ? sector;

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    1. Jón R. Blöndal, 2005. "Market-type Mechanisms and the Provision of Public Services," OECD Journal on Budgeting, OECD Publishing, vol. 5(1), pages 79-106.
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