IDEAS home Printed from https://ideas.repec.org/a/sae/ecolab/v3y1992i2p1-17.html

The Political Economy of Privatisation

Author

Listed:
  • Bob Rowthorn
  • Ha-Joon Chang

Abstract

This paper examines some of the main arguments relating to the effect of privatisation on efficiency. It is concerned with both narrow economic issues and wider political issues. After a critical examination of some theories, which assert that private ownership is intrinsically more efficient than public ownership, it is argued that for large scale enterprise there are no strong economic reasons for believing in the superiority of private enterprise. As long as the government in question has the will and the power to make a public enterprise function in a socially efficient fashion, the public enterprise may be just as efficient as private enterprise whilst offering additional economic and social advantages.

Suggested Citation

  • Bob Rowthorn & Ha-Joon Chang, 1992. "The Political Economy of Privatisation," The Economic and Labour Relations Review, , vol. 3(2), pages 1-17, December.
    • Handle: RePEc:sae:ecolab:v:3:y:1992:i:2:p:1-17
    DOI: 10.1177/103530469200300201
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/103530469200300201
    Download Restriction: no
    File URL: https://libkey.io/10.1177/103530469200300201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Singh, Ajit, 1975. "Take-Overs, Economic Natural Selection, and the Theory of the Firm: Evidence from the Postwar United Kingdom Experience," Economic Journal, Royal Economic Society, vol. 85(339), pages 497-515, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Liza Rose Cirolia & Jesse Harber, 2022. "Urban statecraft: The governance of transport infrastructures in African cities," Urban Studies, Urban Studies Journal Limited, vol. 59(12), pages 2431-2450, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maurizio Zollo, 1998. "Strategies or Routines ? Knowledge Codification, Path-Dependence and the Evolution of Post-Acquisition Integration Practices in the U.S. Banking Industry," Center for Financial Institutions Working Papers 97-10, Wharton School Center for Financial Institutions, University of Pennsylvania.
    2. Sarah Osborne & Dean Katselas & Larelle Chapple, 2012. "The preferences of private equity investors in selecting target acquisitions: An international investigation," Australian Journal of Management, Australian School of Business, vol. 37(3), pages 361-389, December.
    3. Ajit Singh, 2012. "Financial Globalization and Human Development," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 135-151, February.
    4. Trimbath, S. & Frydman, H. & Frydman, R., 2000. "Corporate Inefficiency and the Risk of Takeover," Working Papers 00-14, C.V. Starr Center for Applied Economics, New York University.
    5. Chang, Ha-Joon, 1998. "Korea: The misunderstood crisis," World Development, Elsevier, vol. 26(8), pages 1555-1561, August.
    6. Andreas Bartels, & Vanessa Just, & Andreas Kompalla, & Jochen Schmid, 2017. "Forces And Effects In The Privatisation Process: An Empirical Study Of Telecommunications Companies In Germany And Romania," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-10, January.
    7. Ndikumana, Leonce, 2005. "Financial development, financial structure, and domestic investment: International evidence," Journal of International Money and Finance, Elsevier, vol. 24(4), pages 651-673, June.
    8. Patricia Stanton, 1987. "Accounting Rates of Return as Measures of Post-Merger Perfor Mance," Australian Journal of Management, Australian School of Business, vol. 12(2), pages 293-304, December.
    9. Ashwani Saith, 2018. "Ajit Singh (1940–2015), the Radical Cambridge Economist: Anti†imperialist Advocate of Third World Industrialization," Development and Change, International Institute of Social Studies, vol. 49(2), pages 561-628, March.
    10. Mano, Yukichi & 真野, 裕吉 & Suzuki, Aya & 鈴木, 綾, 2013. "Industrial Development through Takeovers and Exits: the Case of the Cut Flower Exporters in Ethiopia," Discussion Papers 2013-05, Graduate School of Economics, Hitotsubashi University.
    11. Boyan Jovanovic & Peter L. Rousseau, 2001. "Stock Markets in the New Economy," Vanderbilt University Department of Economics Working Papers 0118, Vanderbilt University Department of Economics.
    12. Julian Franks & Colin Mayer, 2002. "Governance as a source of managerial discipline," Working Paper Research 31, National Bank of Belgium.
    13. Sandro Claudio Lera & Didier Sornette, 2017. "Quantification of the evolution of firm size distributions due to mergers and acquisitions," PLOS ONE, Public Library of Science, vol. 12(8), pages 1-16, August.
    14. Debarati Basu & Somashree Ghosh Dastidar & Deepak Chawla, 2008. "Corporate Mergers and Acquisitions in India," Global Business Review, International Management Institute, vol. 9(2), pages 207-218, August.
    15. Dong, Feng & Doukas, John, 2021. "The effect of managers on M&As," Journal of Corporate Finance, Elsevier, vol. 68(C).
    16. A. D. Castagna & Z. P. Matolcsy, 1985. "Accounting Ratios and Models of Takeover Target Screens: Some Empirical Evidence," Australian Journal of Management, Australian School of Business, vol. 10(1), pages 1-15, June.
    17. Sarah Osborne, 2020. "Abnormal returns and asymmetric information surrounding strategic and financial acquisitions," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(4), pages 3991-4030, December.
    18. Robert E. Lipsey & Linda O'Connor, 1982. "Swedish Firms Acquired by Foreigners: A Comparison of Before and After Takeover," NBER Working Papers 1022, National Bureau of Economic Research, Inc.
    19. Kamath Shyam J., 1994. "Privatization: A Market Prospect Perspective," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 5(1), pages 53-104, March.
    20. Andy Cosh & Alan Hughes, 2008. "Takeovers after "Takeovers"," Working Papers wp363, Centre for Business Research, University of Cambridge.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:sae:ecolab:v:3:y:1992:i:2:p:1-17. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.