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The Impacts of Privatisation Policy in Europe

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  • Kenneth Button
  • Thomas Weyman Jones

Abstract

This paper examines the economic implications of the privatisation that has been occurring in Europe. Different sectors and different countries have developed separately, but policymakers can learn common lessons. Considerable experience of privatisation has produced a mounting body of empirical evidence. Developing more powerful analytical tools also permits greater rigour in studying the behaviour of newly privatised undertakings. This paper examines the nature of privatisation processes and looks at the forms of adjustment to regulatory regimes that have occurred to accommodate the newly privatised undertakings. It draws upon new empirical evidence and previous econometric studies to consider privatisation's efficiency effects, especially regarding technical or X‐efficiency.1
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Suggested Citation

  • Kenneth Button & Thomas Weyman Jones, "undated". "The Impacts of Privatisation Policy in Europe," Research Papers 93/4, CENTRE FOR RESEARCH IN EUROPEAN ECONOMICS AND FINANCE (CREEF).
    • Handle: RePEc:wuk:creefp:93/4
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    Cited by:

    1. Roger G. Noll, 2000. "Regulatory Reform and International Trade Policy," NBER Chapters, in: Deregulation and Interdependence in the Asia-Pacific Region, pages 13-54, National Bureau of Economic Research, Inc.
    2. Costa, Álvaro, 1996. "The organisation of urban public transport systems in Western European metropolitan areas," Transportation Research Part A: Policy and Practice, Elsevier, vol. 30(5), pages 349-359, September.
    3. Yves Bozec & Claude Laurin, 2000. "L’impact de l’annonce de la privatisation sur la performance," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(2), pages 265-298.
    4. Feng, Guohua & Wang, Chuan, 2018. "Why European banks are less profitable than U.S. banks: A decomposition approach," Journal of Banking & Finance, Elsevier, vol. 90(C), pages 1-16.

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