Privatisation in developing countries: what are the lessons of recent experience?

Estrin, Saul ORCID: 0000-0002-3447-8593 and Pelletier, Adeline (2016) Privatisation in developing countries: what are the lessons of recent experience? IZA Discussion Papers (10297). Institute of Labor Economics, Bonn, Germany.

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Abstract

This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it is found that private ownership alone does not automatically generate economic and employment gains in developing economies; pre-conditions (especially the regulatory infrastructure) and the process of privatisation are important to attain a positive impact. Such factors include well-designed and sequenced reforms; the implementation of complementary policies; the creation of regulatory capacity; attention to poverty and social impacts; and strong public communication; a list which is often challenging in developing countries. However, the studies do identify scope for efficiency-enhancing privatisation which also promotes equity in developing countries.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://www.iza.org/publications
Additional Information:	© 2016 Deutsche Post Stiftung
Divisions:	Management
Subjects:	H Social Sciences > HC Economic History and Conditions
JEL classification:	L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance L - Industrial Organization > L5 - Regulation and Industrial Policy > L51 - Economics of Regulation O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
Date Deposited:	06 Mar 2018 14:49
Last Modified:	11 Dec 2024 19:23
URI:	http://eprints.lse.ac.uk/id/eprint/86975

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