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Privatisation and economic growth in developing countries

Author

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  • Paul Cook
  • Yuichiro Uchida

Abstract

This article re-examines the relation between privatisation and economic growth. Previous studies that have attempted to measure this relationship have concluded that privatisation has had a sizeable positive effect on economic growth. Our study uses data for 63 developing countries over the time period 1988-97. It uses the framework of an extreme-bounds analysis (EBA) to conduct a cross-country growth regression analysis. Our findings contradict earlier results, but reaffirm the view that effective competition and its regulation may need to accompany privatisation to make a positive impact on economic growth.

Suggested Citation

  • Paul Cook & Yuichiro Uchida, 2003. "Privatisation and economic growth in developing countries," Journal of Development Studies, Taylor & Francis Journals, vol. 39(6), pages 121-154.
    • Handle: RePEc:taf:jdevst:v:39:y:2003:i:6:p:121-154
    DOI: 10.1080/00220380312331293607
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    Citations

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    Cited by:

    1. Andrzej Cieślik & Łukasz Goczek, 2018. "Corruption, Privatisation and Economic Growth in Post-communist Countries," Europe-Asia Studies, Taylor & Francis Journals, vol. 70(8), pages 1303-1325, September.
    2. Temple, Jonathan & Sirimaneetham, Vatcharin, 2006. "Macroeconomic Policy and the Distribution of Growth Rates," CEPR Discussion Papers 5642, C.E.P.R. Discussion Papers.
    3. Sobir Shukurov & Mansoor Maitah & Lubos Smutka, 2016. "The Impact of Privatization on Economic Growth: The Case of Uzbekistan," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 948-957.
    4. Samuel Adams & Berhanu Mengistu, 2008. "The Political Economy of Privatization in Sub‐Saharan Africa," Social Science Quarterly, Southwestern Social Science Association, vol. 89(1), pages 78-94, March.
    5. Kilby, Christopher, 2005. "Aid and regulation," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 325-345, May.
    6. Vatcharin Sirimaneetham, 2006. "What drives liberal policies in developing countries?," Bristol Economics Discussion Papers 06/587, School of Economics, University of Bristol, UK.
    7. Daanish Mustafa & Philip Reeder, 2009. "‘People Is All That Is Left to Privatize’: Water Supply Privatization, Globalization and Social Justice in Belize City, Belize," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 33(3), pages 789-808, September.
    8. Crivelli, Ernesto, 2013. "Fiscal impact of privatization revisited: The role of tax revenues in transition economies," Economic Systems, Elsevier, vol. 37(2), pages 217-232.
    9. Muhammad Salah Uddin & Zobayer Ahmed, 2021. "Privatization policy, entrepreneurship, and economic development: the dynamics in Bangladesh economy," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 329-336, December.
    10. Smaoui, Houcem & Nechi, Salem, 2017. "Does sukuk market development spur economic growth?," Research in International Business and Finance, Elsevier, vol. 41(C), pages 136-147.
    11. Josiah, Jairos & Burton, Bruce & Gallhofer, Sonja & Haslam, Jim, 2010. "Accounting for privatisation in Africa? Reflections from a critical interdisciplinary perspective," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(5), pages 374-389.
    12. Hao Qi & David M. Kotz, 2020. "The Impact of State-Owned Enterprises on China’s Economic Growth," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(1), pages 96-114, March.
    13. Vatcharin Sirimaneetham, 2006. "Explaining policy volatility in developing countries," Bristol Economics Discussion Papers 06/583, School of Economics, University of Bristol, UK.
    14. Abdul Aleem Qureshi & Syed Faizan Iftikhar & Mohsin Hasnain Ahmed, 2017. "The Fiscal Impacts of Privatization Reforms in Pakistan: A Dynamic Analysis," Econometrics Letters, Bilimsel Mektuplar Organizasyonu (Scientific letters), vol. 4(1), pages 17-32.
    15. Alka Jauhari, 2018. "African Economic Renaissance: A Case Study of Rwanda and Angola," Insight on Africa, , vol. 10(2), pages 127-149, July.
    16. Samuel Adams & Berhanu Mengistu, 2008. "Privatization, Governance and Economic Development in Developing Countries," Journal of Developing Societies, , vol. 24(4), pages 415-438, October.
    17. Abdella Abdou & Saeed Moshiri, 2009. "Privatization and capital formation in developing countries: an empirical analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 23(5), pages 557-575.
    18. Chinnasamy Agamudai Nambi Malarvizhi & M Chitra, 2020. "Analysing the Economic Performance and Projecting for Future: The Case of Malaysia," Shanlax International Journal of Economics, Shanlax Journals, vol. 8(3), pages 83-87, June.
    19. Le, Hoang Cuong & Cabalu, Helen & Salim, Ruhul, 2014. "Winners and losers in Vietnam equitisation programs," Journal of Policy Modeling, Elsevier, vol. 36(1), pages 172-184.
    20. Markus Bruckner & Chadi Bou Habib & Martin Lokanc, 2023. "Natural Resources, State Ownership, and Economic Development," ANU Working Papers in Economics and Econometrics 2023-694, Australian National University, College of Business and Economics, School of Economics.
    21. Badru Bukenya & Pablo Yanguas, 2013. "Building state capacity for inclusive development. The politics of public sector reform," Global Development Institute Working Paper Series esid-025-13, GDI, The University of Manchester.

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