Capitalization and Privatization in Bolivia: An Aproximation to an Evaluation
AbstractThe paper describes the privatization process in Bolivia, placing emphasis on the particularities of the capitalization mechanism that was used for this purpose, and the regulatory framework introduced as its essential complement. With this background, the paper then details the changes in the industrial organization and ownership patterns in the electricity, oil and gas, telecommunications, transportation, and water industries. The discussion then turns to these processes’ economic and social consequences. In the first case, the key issues are which agents benefited from the transfer of assets, and the effects on firm-level variables like investment, profitability, and transfers to the State. With regards to social outcomes, we focus on the effects on employees and consumers. For the first, interest centers on what happened to employment and wages in the sectors affected; for the second, what occurred to access and prices for privatized utilities, and to welfare more generally. This paper touches on all these issues, although in several cases a full treatment is not possible due to data limitations.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23049.
Date of creation: Feb 2003
Date of revision:
Privatization; Regulation; Economic Impact;
Find related papers by JEL classification:
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
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- Estache, Antonio & Gomez-Lobo, Andres & Leipziger, Danny, 2000. "Utility privatization and the needs of the poor in Latin America - Have we learned enough to get it right?," Policy Research Working Paper Series 2407, The World Bank.
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"Las reformas estructurales bolivianas y su impacto sobre inversiones
[Bolivian structural reforms and their impact on investment]," MPRA Paper 23479, University Library of Munich, Germany.
- Barja Daza, Gover & Monterrey Arce, Javier & Villarroel Böhrt, Sergio, 2006.
"Bolivia: Impact of shocks and poverty policy on household welfare,"
Revista Latinoamericana de Desarrollo Economico,
Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana, issue 6, pages 63-123, Abril.
- Barja, Gover & Monterrey, Javier & Villarroel, Sergio, 2004. "Bolivia: Impact of shocks and poverty policy on household welfare," MPRA Paper 22937, University Library of Munich, Germany.
- Yanez-Pagans, Monica, 2008. "Culture and Human Capital Investments: Evidence of an Unconditional Cash Transfer Program in Bolivia," IZA Discussion Papers 3678, Institute for the Study of Labor (IZA).
- Christian Velasquez-Donaldson, 2007. "Analysis of the Hydrocarbon Sector in Bolivia: How are the Gas and Oil Revenues Distributed?," Development Research Working Paper Series 06/2007, Institute for Advanced Development Studies.
- Philippe Marin, 2009. "Public-Private Partnerships for Urban Water Utilities : A Review of Experiences in Developing Countries," World Bank Publications, The World Bank, number 2703.
- World Bank, 2005. "Bolivia : Country Economic Memorandum, Policies to Improve Growth and Employment," World Bank Other Operational Studies 8399, The World Bank.
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