IDEAS home Printed from
   My bibliography  Save this article

La privatisation dans les pays en développement : déterminants et conséquences macro-économiques


  • Patrick Plane


[eng] Privatisation in the Developing Countries: Determining Factors and Macroeconomic Consequences . Patrick Plane . Determining factors behind privatisation are studied for the 1988-1992 period. The estimation of Probit and Tobit models on a sample of 35 developing countries suggests the statistically significant impact of four variables considered in 1988. These variables are the actual real exchange rate and three other variables expressed as a percentage of GDP: the market capitalisation ratio, the rate of indebtedness and direct investment. The introduction of privatisation probabilities or estimated values into the respective economic growth and investment explanatory models provides an interesting result. In this case, after checking for the effect of changes internal or external to the environment of the economies being studied, we do not reject the assumption that the government's withdrawal is behind an improvement in the economic situation. [fre] La privatisation dans les pays en développement : déterminants et conséquences macro-économiques . Patrick Plane . L'exploration des déterminants de la privatisation est entreprise pour la période 1988-1992. L'estimation de modèles Probit et Tobit sur un échantillon de 35 pays en développement suggère l'impact statistiquement significatif de quatre variables considérées en 1988. Il s'agit du niveau du taux de change effectif réel, et de trois autres variables exprimées en pourcentage du PIB : importance de la capitalisation boursière, taux d'endettement, investissement direct. L'introduction des probabilités ou valeurs estimées de privatisation dans des modèles respectivement explicatifs de la croissance économique et de l'investissement met en évidence un résultat intéressant. En l'occurrence, après avoir contrôlé pour l'effet de changements internes ou externes à l'environnement des économies sous revue, on ne rejette pas l'hypothèse que le désengagement de l'État aurait été à l'origine d'une amélioration de la situation économique.

Suggested Citation

  • Patrick Plane, 1996. "La privatisation dans les pays en développement : déterminants et conséquences macro-économiques," Économie et Prévision, Programme National Persée, vol. 125(4), pages 19-36.
  • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1996_num_125_4_5804
    DOI: 10.3406/ecop.1996.5804
    Note: DOI:10.3406/ecop.1996.5804

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Krueger, Anne O, 1990. "Government Failures in Development," Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 9-23, Summer.
    2. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, September.
    3. Stiglitz, Joseph E., 1988. "Economic organization, information, and development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.),Handbook of Development Economics, edition 1, volume 1, chapter 5, pages 93-160, Elsevier.
    4. John Vickers & George Yarrow, 1991. "Economic Perspectives on Privatization," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 111-132, Spring.
    5. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    6. Leibenstein, Harvey, 1978. "General X-Efficiency Theory and Economic Development," OUP Catalogue, Oxford University Press, number 9780195023800.
    7. Corbo, Vittorio & Rojas, Patricio, 1991. "World Bank-supported adjustment programs : country performance and effectiveness," Policy Research Working Paper Series 623, The World Bank.
    8. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 38(2), pages 112-134.
    9. Heckman, James J, 1978. "Dummy Endogenous Variables in a Simultaneous Equation System," Econometrica, Econometric Society, vol. 46(4), pages 931-959, July.
    10. Veall, Michael R & Zimmermann, Klaus F, 1994. "Goodness of Fit Measures in the Tobit Model," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 56(4), pages 485-499, November.
    11. Killick, Tony & Commander, Simon, 1988. "State divestiture as a policy instrument in developing countries," World Development, Elsevier, vol. 16(12), pages 1465-1479, December.
    12. Elbadawi, Ibrahim & Majd, Nader, 1992. "Fixed parity of the exchange rate and economic performance in the CFA zone : a comparative study," Policy Research Working Paper Series 830, The World Bank.
    13. Devarajan, Shantayanan & de Melo, Jaime, 1990. "Membership in the CFA zone : Odyssean journey or Trojan horse?," Policy Research Working Paper Series 482, The World Bank.
    14. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, September.
    15. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    16. Nair, Govindan & Filippides, Anastasio, 1988. "How much do state-owned public enterprises contribute to public sector deficits in developing countries - and why?," Policy Research Working Paper Series 45, The World Bank.
    17. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
    18. Kikeri, Sunita & Nellis, John & Shirley, Mary, 1994. "Privatization: Lessons from Market Economies," World Bank Research Observer, World Bank Group, vol. 9(2), pages 241-272, July.
    19. McFadden, Daniel, 1974. "The measurement of urban travel demand," Journal of Public Economics, Elsevier, vol. 3(4), pages 303-328, November.
    20. Nunnenkamp, Peter, 1986. "State enterprises in developing countries," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 21(4), pages 186-193.
    21. Portes, Richard, 1994. "Transformation Traps," Economic Journal, Royal Economic Society, vol. 104(426), pages 1178-1189, September.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_1996_num_125_4_5804. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.