IDEAS home Printed from https://ideas.repec.org/p/lim/wpaper/022012.html
   My bibliography  Save this paper

SOE Policy and the Loss of Economic Sovereignty: The Case of Ireland

Author

Listed:
  • Donal Palcic
  • Eoin Reeves

    (Department of Economics, University of Limerick)

Abstract

The global financial crisis that erupted in 2008 has had enormous implications for the composition of the State-Owned Enterprise (SOE) sector in many advanced economies around the world. The crisis resulted in the nationalisation of financial institutions in a number of economies and many countries are currently pursuing policies of privatisation to raise much needed revenues to tackle high levels of indebtedness. This paper describes the changes to the composition of the Irish SOE sector since the onset of the economic crisis in 2008 as well as its impact on the stated plans for the future of the SOE sector. The paper focuses on the question of privatisation and examines the conditionality with regard to the sale of state assets contained in the bailout agreement signed between the Irish government and the Troika. It highlights the uncertainty over the precise details of the conditionality with regard to privatisation in Ireland and compares this with the agreements forged between the Troika and the governments of Greece and Portugal where there has been a far greater degree of conditionality attached to SOE divestitures.

Suggested Citation

  • Donal Palcic & Eoin Reeves, 2012. "SOE Policy and the Loss of Economic Sovereignty: The Case of Ireland," Working Papers WP022012, University of Limerick, Department of Economics, revised Sep 2012.
    • Handle: RePEc:lim:wpaper:022012
    as

    Download full text from publisher

    File URL: ftp://s120.ul.ie/RePEc/lim/wpaper/WP022012.pdf
    File Function: Revised version, September 2012
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Osama J. A. R. Abu Shair, 1997. "Privatization and Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25374-6, December.
    2. Massimo Florio, 2006. "The Great Divestiture: Evaluating the Welfare Impact of the British Privatizations, 1979-1997," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562227, December.
    3. Dónal Palcic & Eoin Reeves, 2011. "Privatisation in Ireland," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-29757-9, December.
    Full references (including those not matched with items on IDEAS)

    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. Dónal Palcic & Eoin Reeves, 2013. "State-Owned Enterprise Policy and the Loss of Economic Sovereignty: The Case of Ireland," Public Organization Review, Springer, vol. 13(2), pages 117-130, June.
    2. M. Casari & M. Lisciandra, 2013. "Gender Discrimination in Property Rights," Working Papers wp914, Dipartimento Scienze Economiche, Universita' di Bologna.
    3. Anastassios Gentzoglanis, 2002. "Privatization, Investment and Efficiency in the Telecommunications Industry: Theory and Empirical Evidence from MENA Countries," Working Papers 0230, Economic Research Forum, revised 10 Oct 2002.
    4. repec:dgr:rugsom:01a21 is not listed on IDEAS
    5. Bezabih, Mintewab & Holden, Stein, 2010. "The Role of Land Certification in Reducing Gender Gaps in Productivity in Rural Ethiopia," RFF Working Paper Series dp-10-23-efd, Resources for the Future.
    6. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629, Decembrie.
    7. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    8. Bouquet, Emmanuelle, 2009. "State-Led Land Reform and Local Institutional Change: Land Titles, Land Markets and Tenure Security in Mexican Communities," World Development, Elsevier, vol. 37(8), pages 1390-1399, August.
    9. John Nellis, 2003. "Privatization in Latin America," Working Papers 31, Center for Global Development.
    10. Diao, Xinshen & Roe, Terry & Doukkali, Rachid, 2002. "Economy-wide benefits from establishing water user-right markets in a spatially heterogeneous agricultural economy," TMD discussion papers 103, International Food Policy Research Institute (IFPRI).
    11. Parker, David, 2001. "Economic Regulation: A Preliminary Literature Review and Summary of Research Questions Arising," Centre on Regulation and Competition (CRC) Working papers 30616, University of Manchester, Institute for Development Policy and Management (IDPM).
    12. O'Toole, Conor M. & Morgenroth, Edgar L.W. & Ha, Thuy T., 2016. "Investment efficiency, state-owned enterprises and privatisation: Evidence from Viet Nam in Transition," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 93-108.
    13. Molden, David & Sakthivadivel, Ramasamy & Samad, Madar & Burton, Martin, 2005. "Phases of river basin development: the need for adaptive institutions," Book Chapters,, International Water Management Institute.
    14. Isabel Lambrecht & Monica Schuster & Sarah Asare Samwini & Laura Pelleriaux, 2018. "Changing gender roles in agriculture? Evidence from 20 years of data in Ghana," Agricultural Economics, International Association of Agricultural Economists, vol. 49(6), pages 691-710, November.
    15. Quisumbing, Agnes R. & Payongayong, Ellen & Aidoo, J. B. & Otsuka, Keijiro, 1999. "Women's land rights in the transition to individualized ownership," FCND discussion papers 58, International Food Policy Research Institute (IFPRI).
    16. Judith Clifton & Pierre Lanthier & Harm Schröter, 2011. "Regulating and deregulating the public utilities 1830--2010," Business History, Taylor & Francis Journals, vol. 53(5), pages 659-672, August.
    17. Belkhir, Mohamed & Ben-Nasr, Hamdi, 2016. "Labor protection and the privatization or partial privatization method," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 305-322.
    18. Sosale, Shobhana, 2000. "Trends in private sector development in World Bank education projects," Policy Research Working Paper Series 2452, The World Bank.
    19. Varley, Ann, 2007. "Gender and Property Formalization: Conventional and Alternative Approaches," World Development, Elsevier, vol. 35(10), pages 1739-1753, October.
    20. Worku, Gebeyehu, 2005. "Has Privatization promoted Efficiency in Ethiopia?: A comparative Analysis Of Privatized Industries vis-a vis State Owned and other private Industrial Establishments," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 9(2), pages 132-132, May.
    21. Sergey Sinelnikov & Pavel Kadochnikov & Ilya Trunin & Sergey Chetverikov & Marianne Vigneault, 2006. "Fiscal Federalism in Russia: Soft Budget Constraints of Regional Governments," Published Papers 47, Gaidar Institute for Economic Policy, revised 2012.

    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:lim:wpaper:022012. 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: Donal Palcic (email available below). General contact details of provider: https://edirc.repec.org/data/deculie.html .

    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.