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Evolución de la Eficiencia Productiva de una empresa privatizada: El Caso del Grupo Telefónica de España
[Productive Efficiency in Telefonica]

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Author Info
Massón-Guerra, José Luis

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Abstract

This work shows if the productive efficiency of the Group Telefónica S.A. of Spain it has improved after being privatized. This case has been used to be a representative company in the industry of the global telecommunications. The empiric evidence indicates that the companies of this sector and that they were public, they usually present higher indexes of productivity when they become private, in a competition context and liberalization. This investigation looks for to demonstrate if this statement is completed in this case. For this objective, an analysis is made that covers two decades, using the evaluation technique and comparison of previous and later periods to the privatization. The indicators of Global Productivity (IPG), Partial Labor Productivity and the Capital Productivity (IPAC) are used. The results suggest that the Group Telefónica, after their privatization, a similar pattern has continued that of their couples of other countries, when showing increases in their indexes of productivity and in some of the financial indexes. This document also describes, the theoretical and empiric main contributions of the productive efficiency of companies of telecommunications privatized in the entire world.

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File URL: http://mpra.ub.uni-muenchen.de/13463/
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File URL: http://mpra.ub.uni-muenchen.de/13593/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13463.

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Date of creation: Sep 2005
Date of revision: 02 Mar 2007
Handle: RePEc:pra:mprapa:13463

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Related research
Keywords: Efficiency; Productivity; Telecommunications; Privatization;

Other versions of this item:

Find related papers by JEL classification:
L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
P42 - Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

References listed on IDEAS
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  1. Vining, Aidan R & Boardman, Anthony E, 1992. " Ownership versus Competition: Efficiency in Public Enterprise," Public Choice, Springer, vol. 73(2), pages 205-39, March.
  2. Madden, Gary G & Savage, Scott J & Ng, Jason, 2003. "Asia-Pacific telecommunications liberalisation and productivity performance," MPRA Paper 10884, University Library of Munich, Germany. [Downloadable!]
  3. Prescott, Edward C, 1998. "Needed: A Theory of Total Factor Productivity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(3), pages 525-51, August.
    Other versions:
  4. Parker, David & Martin, Stephen, 1995. "The Impact of UK Privatisation on Labour and Total Factor Productivity," Scottish Journal of Political Economy, Scottish Economic Society, vol. 42(2), pages 201-20, May.
  5. 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)
  6. Solow, Robert M., 1999. "Neoclassical growth theory," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 9, pages 637-667 Elsevier. [Downloadable!] (restricted)
  7. Gary Madden & Scott J. Savage & Jason Ng, 2003. "Asia-Pacific Telecommunications Liberalisation and Productivity Performance," Australian Economic Papers, Blackwell Publishing, vol. 42(1), pages 91-102, 03. [Downloadable!] (restricted)
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