The Impact of UK Privatisation on Labour and Total Factor Productivity
Privatization programs have been introduced in a number of countries in the last decade with a view to improving the economic performance of state-owned industries. Yet empirical studies of public versus private ownership have produced mixed results. This study is concerned with assessing the impact on labor and total factor productivity of eleven major privatizations in the United Kingdom in the 1980s. The study is unique in identifying performance changes in the run-up to privatization, including the recession period since 1989, and in relating changes in performance to productivity changes in the economy, thus controlling for the effect of the business cycle on performance. Copyright 1995 by Scottish Economic Society.
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Volume (Year): 42 (1995)
Issue (Month): 2 (May)
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