Advanced Search
MyIDEAS: Login

A state without ownership: the welfare impact of British Privatisations 1979-1997

Contents:

Author Info

  • Massimo Florio

    ()

Abstract

This paper offers a comprehensive evaluation of the welfare impact of a policy usually regarded as highly successful and vastly imitated worldwide: the privatisation policy pursued in the UK by MrsThatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) The British case history is particularly relevant for several reasons: Britain was the first developed country to embark on large scale public divestitures; the time span is long enough to see some long run effects; Conservative governments were able to consistently implement their policy with limited effective opposition; and there is already a wide body of scholarly literature and good data sources on British company performances, price trends and other relevant variables. The paper considers the impact of privatisations on five types of agents: firms, employees, shareholders, consumers and tax-payers. The main conclusion is that British privatisations had modest effects on the efficiency of production and consumption. On the other hand, privatisations did have important effects on the distribution of incomes and wealth. Thus the outcome of privatisation in the UK was modest and not unambiguosly a Pareto improvement.

Download Info

If 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.
File URL: http://wp.demm.unimi.it/tl_files/wp/2002/DEMM-2002_024wp.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2002-24.

as in new window
Length:
Date of creation: 01 Jan 2002
Date of revision:
Handle: RePEc:mil:wpdepa:2002-24

Contact details of provider:
Postal: Via Conservatorio 7, I-20122 Milan - Italy
Phone: +39 02 50321522
Fax: +39 02 50321505
Web page: http://www.demm.unimi.it
More information through EDIRC

Related research

Keywords: Privatisations in the UK; Welfare Impact; Cost-Benefit Analysis;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Robert MILLWARD, 2006. "The British privatisation programme: a long term perspective," Departmental Working Papers 2006-07, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mil:wpdepa:2002-24. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (DEMM Working Papers).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.