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A Survey of the Privatisation of Government-Owned Enterprises in Australia since the 1980s

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  • Malcolm Abbott
  • Bruce Cohen

Abstract

type="main" xml:lang="en"> In this article, a survey is provided of the privatisation of government-owned enterprises in Australia since the 1980s. In particular, the article evaluates the evidence that has been compiled on the success or failure of privatisation in enhancing efficiency in various industry sectors. In terms of efficiency improvements, some privatisations have been a clear success. In other cases, however, most of the improvements in efficiency took place after corporatisation, rather than following privatisation. In most cases, improvements in efficiency were also probably due in varying (and sometimes substantial) parts to regulatory reform, increases in competition and technological change.

Suggested Citation

  • Malcolm Abbott & Bruce Cohen, 2014. "A Survey of the Privatisation of Government-Owned Enterprises in Australia since the 1980s," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 47(4), pages 432-454, December.
    • Handle: RePEc:bla:ausecr:v:47:y:2014:i:4:p:432-454
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    Citations

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    Cited by:

    1. Abbott, Malcolm & Cohen, Bruce, 2016. "The privatization and de-privatization of rail industry assets in Australia and New Zealand," Utilities Policy, Elsevier, vol. 41(C), pages 48-56.
    2. Brendan Markey‐Towler, 2019. "The New Microeconomics: A Psychological, Institutional, and Evolutionary Paradigm with Neoclassical Economics as a Special Case," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 95-135, January.
    3. Nepal, Rabindra & Foster, John, 2015. "Electricity networks privatization in Australia: An overview of the debate," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 12-24.
    4. Malcolm Abbott & Xiaoying Ma, 2017. "Economic Regulation in Australia: The Case of the New South Wales Gas," Economic Papers, The Economic Society of Australia, vol. 36(3), pages 250-265, September.
    5. Lohmann, Gui & Trischler, Jakob, 2017. "Licence to build, licence to charge? Market power, pricing and the financing of airport infrastructure development in Australia," Transport Policy, Elsevier, vol. 59(C), pages 28-37.
    6. Flanagan, Kathleen & Martin, Chris & Jacobs, Keith & Lawson, Julie & Hayward, Richard Donald, 2019. "A conceptual analysis of social housing as infrastructure," SocArXiv wmuc4, Center for Open Science.
    7. Chris AULICH & Stephen JONES & Brian HEAD, 2018. "Divestment Of Commonwealth Public Enterprises In Australia: The Cupboard Is Bare," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(3), pages 475-490, September.
    8. Lynne Chester, 2015. "The privatisation of Australian electricity: Claims, myths and facts," The Economic and Labour Relations Review, , vol. 26(2), pages 218-240, June.

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