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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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Paper provided by Toulouse School of Economics (TSE) in its series TSE Working Papers with number 09-020.

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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:tse:wpaper:21936

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  1. Benabou, Roland & Tirole, Jean, 2004. "Belief in a Just World and Redistributive Politics," Papers 08-15-2005a, Princeton University, Research Program in Political Economy.
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Cited by:
  1. 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.
  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. Straub, Stéphane, 2009. "Governance in Water Supply," TSE Working Papers 09-029, Toulouse School of Economics (TSE).
  4. repec:hal:wpaper:halshs-00653090 is not listed on IDEAS
  5. Rafael Di Tella & Sebastian Galiani & Ernesto Schargrodsky, 2008. "Reality versus Propaganda in the Formation of Beliefs about Privatization," NBER Working Papers 14483, National Bureau of Economic Research, Inc.

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