Financial and Economic Determinants of Privatization
Shifting from government to the private sector as the primary provider of goods and services has been one of the most important economic phenomena in the past decade. This study assesses the relative importance of potential determinants of the rate of privatization in emerging economies. Macro¬economic, macro-financial, and mixed economic and financial models are tested. The mixed model has the strongest statistical power. The predictive power of the models is tested with more recent data and additional emerging markets. The models are effective to predict future rates of privatization for 1997 and additional countries.
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Volume (Year): 55 (2002)
Issue (Month): 1 ()
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