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Privatisation in Developing Countries
In recent decades, privatisation has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatisation, however, has not necessarily been accompanied by an increase in market competition. In recent years, many public utilities have been privatised as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers.
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Critical Acclaim
Contributors
Contents
More Information
In recent decades, privatisation has been a key policy instrument in the move to more market-based economic systems in all parts of the developing world. Privatisation, however, has not necessarily been accompanied by an increase in market competition. In recent years, many public utilities have been privatised as monopolies and in addition regulatory systems have been developed to restrict their market power and protect the interests of consumers.
These authoritative volumes bring together a collection of important papers that have shed new theoretical and empirical insights into privatisation and regulation and have provided new policy perspectives in relation to developing countries.
Privatisation in Developing Countries will appeal to policymakers and researchers at the forefront of economic policy debates in developing countries.
These authoritative volumes bring together a collection of important papers that have shed new theoretical and empirical insights into privatisation and regulation and have provided new policy perspectives in relation to developing countries.
Privatisation in Developing Countries will appeal to policymakers and researchers at the forefront of economic policy debates in developing countries.
Critical Acclaim
‘These volumes not only serve as essential reference works for students but also contain thought-provoking articles on the chosen themes.’
– Journal of Social and Economic Development
‘The two volumes are definitely recommended reading for researchers and other parties interested in the subject. Some of the articles are of a technical nature, especially the theoretical ones, but the general reader is also catered for.’
– Gertrude Makhaya, International Review of Applied Economics
– Journal of Social and Economic Development
‘The two volumes are definitely recommended reading for researchers and other parties interested in the subject. Some of the articles are of a technical nature, especially the theoretical ones, but the general reader is also catered for.’
– Gertrude Makhaya, International Review of Applied Economics
Contributors
49 articles, dating from 1980 to 1999
Contributors include: D. Bös, L.P. Jones, B. Levy, R. Millward, M. Shirley, J.E. Stiglitz, J. Vickers, J. Waterbury, G. Yarrow
Contributors include: D. Bös, L.P. Jones, B. Levy, R. Millward, M. Shirley, J.E. Stiglitz, J. Vickers, J. Waterbury, G. Yarrow
Contents
Contents:
Volume I:
Acknowledgements • Introduction
PART I PRIVATISATION AND PUBLIC ENTERPRISE IN DEVELOPING COUNTRIES
1. Nicholas Kaldor (1980), ‘Public or Private Enterprise – the Issues to be Considered’
2. Leroy P. Jones and Edward S. Mason (1982), ‘Role of Economic Factors in Determining the Size and Structure of the Public-Enterprise Sector in Less-Developed Countries with Mixed Economies’
3. World Bank (1983), ‘Managing State-Owned Enterprises’
4. Mahmood A. Ayub and Sven O. Hegstad (1987), ‘Management of Public Industrial Enterprises’
5. John F. Coburn and Lawrence H. Wortzel (1986), ‘The Problem of Public Enterprise in Developing Countries: Is Privatization the Solution?’
6. Paul Cook and Colin Kirkpatrick (1988), ‘Privatisation in Less Developed Countries: An Overview’
7. Nicolas Van De Walle (1989), ‘Privatization in Developing Countries: A Review of the Issues’
8. William Glade (1989), ‘Privatization in Rent-Seeking Societies’
9. Heidi Vernon-Wortzel and Lawrence H. Wortzel (1989), ‘Privatization: Not the Only Answer’
10. David Heald (1990), ‘The Relevance of Privatization to Developing Economies’
11. Jose Edgardo Campos and Hadi Salehi Esfahani (1996), ‘Why and When Do Governments Initiate Public Enterprise Reform?’
PART II THEORETICAL PERSPECTIVES ON PRIVATISATION
12. Yair Aharoni (1982), ‘State-Owned Enterprise: An Agent Without a Principal’
13. John Vickers and George Yarrow (1988), ‘Ownership and Incentives’
14. John Vickers and George Yarrow (1988), ‘Competitive Forces’
15. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’
16. Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’
17. Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’
18. Stephen Martin and David Parker (1997), ‘Privatisation: The Conceptual Framework’
19. George Yarrow (1999), ‘A Theory of Privatization, or Why Bureaucrats are Still in Business’
PART III REGULATION THEORY AND POLICY
20. David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’
21. Robert D. Willig (1993), ‘Public versus Regulated Private Enterprise’
22. Leroy P. Jones (1993), ‘Appropriate Regulatory Technology: The Interplay of Economic and Institutional Conditions’
PART IV COMPARATIVE PERFORMANCE BETWEEN PUBLIC AND PRIVATE ENTERPRISES
23. Robert Millward and David M. Parker (1983), ‘Public and Private Enterprise: Comparative Behaviour and Relative Efficiency’
24. Yair Aharoni (1986), ‘Measuring the Performance of State-Owned Enterprises’
25. Peter Nunnenkamp (1986), ‘State Enterprises in Developing Countries’
26. Robert Millward (1988), ‘Measured Sources of Inefficiency in the Performance of Private and Public Enterprises in LDCs’
Name Index
Volume II:
Acknowledgements • An introduction by the editors to both volumes appears in volume I
PART I POLITICS AND ECONOMICS OF PRIVATISATION
1. Henry Bienen and John Waterbury (1989), ‘The Political Economy of Privatization in Developing Countries’
2. Paul Cook and Martin Minogue (1990), ‘Waiting for Privatization in Developing Countries: Towards the Integration of Economic and Non-Economic Explanations’
3. Mary M. Shirley (1997), ‘The Economics and Politics of Government Ownership’
4. Paul Cook (1997), ‘Privatization, Public Enterprise Reform and the World Bank: Has “Bureaucrats in Business” Got It Right?’
PART II EXPERIENCE WITH REGULATION
5. Brian Levy and Pablo T. Spiller (1993), ‘Regulation, Institutions, and Committment in Telecommunications: A Comparative Analysis of Five Country Studies’
6. Björn Wellenius and Peter A. Stern (1994), ‘Implementing Reforms in the Telecommunications Sector: Background, Overview, and Lessons’
PART III RESULTS OF PRIVATISATION
7. Richard Hemming and Ali M. Mansoor (1988), ‘Privatization and Public Enterprises’
8. Ali Mansoor (1988), ‘The Fiscal Impact of Privatisation’
9. Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), ‘Divestiture: Questions and Answers’
10. Christopher Adam (1994), ‘Privatization and Structural Adjustment in Africa’
11. Frank Sader (1995), ‘Privatizing Public Enterprises and Foreign Investment in Developing Countries, 1988–93’
12. Paul Cook and Colin Kirkpatrick (1995), ‘Privatisation Policy and Performance’
13. Armando Castelar Pinheiro and Ben Ross Schneider (1995), ‘The Fiscal Impact of Privatisation in Latin America’
14. V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’
15. Patrick Plane (1997), ‘Privatization and Economic Growth: An Empirical Investigation from a Sample of Developing Market Economies’
16. Paul Cook and Colin Kirkpatrick (1998), ‘Privatization, Employment and Social Protection in Developing Countries’
17. Sunita Kikeri (1998), ‘Privatization and Labor: What Happens to Workers When Governments Divest?’
18. Narjess Boubakri and Jean-Claude Cosset (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’
19. William L. Megginson, Robert C. Nash and Matthias Van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’
PART IV LESSONS OF EXPERIENCE
20. Colin Kirkpatrick (1988), ‘The UK Privatisation Model: Is it Transferable to Developing Countries?’
21. Sunita Kikeri, John Nellis and Mary Shirley (1994), ‘Privatization: Lessons from Market Economies’
22. Paul Bennell (1997), ‘Privatization in Sub-Saharan Africa: Progress and Prospects During the 1990s’
23. C.C. White and A. Bhatia (1998), ‘Assessing Privatization Programs in Africa’
Name Index
Volume I:
Acknowledgements • Introduction
PART I PRIVATISATION AND PUBLIC ENTERPRISE IN DEVELOPING COUNTRIES
1. Nicholas Kaldor (1980), ‘Public or Private Enterprise – the Issues to be Considered’
2. Leroy P. Jones and Edward S. Mason (1982), ‘Role of Economic Factors in Determining the Size and Structure of the Public-Enterprise Sector in Less-Developed Countries with Mixed Economies’
3. World Bank (1983), ‘Managing State-Owned Enterprises’
4. Mahmood A. Ayub and Sven O. Hegstad (1987), ‘Management of Public Industrial Enterprises’
5. John F. Coburn and Lawrence H. Wortzel (1986), ‘The Problem of Public Enterprise in Developing Countries: Is Privatization the Solution?’
6. Paul Cook and Colin Kirkpatrick (1988), ‘Privatisation in Less Developed Countries: An Overview’
7. Nicolas Van De Walle (1989), ‘Privatization in Developing Countries: A Review of the Issues’
8. William Glade (1989), ‘Privatization in Rent-Seeking Societies’
9. Heidi Vernon-Wortzel and Lawrence H. Wortzel (1989), ‘Privatization: Not the Only Answer’
10. David Heald (1990), ‘The Relevance of Privatization to Developing Economies’
11. Jose Edgardo Campos and Hadi Salehi Esfahani (1996), ‘Why and When Do Governments Initiate Public Enterprise Reform?’
PART II THEORETICAL PERSPECTIVES ON PRIVATISATION
12. Yair Aharoni (1982), ‘State-Owned Enterprise: An Agent Without a Principal’
13. John Vickers and George Yarrow (1988), ‘Ownership and Incentives’
14. John Vickers and George Yarrow (1988), ‘Competitive Forces’
15. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’
16. Dieter Bös and Wolfgang Peters (1991), ‘A Principal-Agent Approach on Manager Effort and Control in Privatized and Public Firms’
17. Maxim Boycko, Andrei Shleifer and Robert W. Vishny (1996), ‘A Theory of Privatisation’
18. Stephen Martin and David Parker (1997), ‘Privatisation: The Conceptual Framework’
19. George Yarrow (1999), ‘A Theory of Privatization, or Why Bureaucrats are Still in Business’
PART III REGULATION THEORY AND POLICY
20. David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’
21. Robert D. Willig (1993), ‘Public versus Regulated Private Enterprise’
22. Leroy P. Jones (1993), ‘Appropriate Regulatory Technology: The Interplay of Economic and Institutional Conditions’
PART IV COMPARATIVE PERFORMANCE BETWEEN PUBLIC AND PRIVATE ENTERPRISES
23. Robert Millward and David M. Parker (1983), ‘Public and Private Enterprise: Comparative Behaviour and Relative Efficiency’
24. Yair Aharoni (1986), ‘Measuring the Performance of State-Owned Enterprises’
25. Peter Nunnenkamp (1986), ‘State Enterprises in Developing Countries’
26. Robert Millward (1988), ‘Measured Sources of Inefficiency in the Performance of Private and Public Enterprises in LDCs’
Name Index
Volume II:
Acknowledgements • An introduction by the editors to both volumes appears in volume I
PART I POLITICS AND ECONOMICS OF PRIVATISATION
1. Henry Bienen and John Waterbury (1989), ‘The Political Economy of Privatization in Developing Countries’
2. Paul Cook and Martin Minogue (1990), ‘Waiting for Privatization in Developing Countries: Towards the Integration of Economic and Non-Economic Explanations’
3. Mary M. Shirley (1997), ‘The Economics and Politics of Government Ownership’
4. Paul Cook (1997), ‘Privatization, Public Enterprise Reform and the World Bank: Has “Bureaucrats in Business” Got It Right?’
PART II EXPERIENCE WITH REGULATION
5. Brian Levy and Pablo T. Spiller (1993), ‘Regulation, Institutions, and Committment in Telecommunications: A Comparative Analysis of Five Country Studies’
6. Björn Wellenius and Peter A. Stern (1994), ‘Implementing Reforms in the Telecommunications Sector: Background, Overview, and Lessons’
PART III RESULTS OF PRIVATISATION
7. Richard Hemming and Ali M. Mansoor (1988), ‘Privatization and Public Enterprises’
8. Ali Mansoor (1988), ‘The Fiscal Impact of Privatisation’
9. Ahmed Galal, Leroy Jones, Pankaj Tandon and Ingo Vogelsang (1994), ‘Divestiture: Questions and Answers’
10. Christopher Adam (1994), ‘Privatization and Structural Adjustment in Africa’
11. Frank Sader (1995), ‘Privatizing Public Enterprises and Foreign Investment in Developing Countries, 1988–93’
12. Paul Cook and Colin Kirkpatrick (1995), ‘Privatisation Policy and Performance’
13. Armando Castelar Pinheiro and Ben Ross Schneider (1995), ‘The Fiscal Impact of Privatisation in Latin America’
14. V. Bhaskar and Mushtaq Khan (1995), ‘Privatization and Employment: A Study of the Jute Industry in Bangladesh’
15. Patrick Plane (1997), ‘Privatization and Economic Growth: An Empirical Investigation from a Sample of Developing Market Economies’
16. Paul Cook and Colin Kirkpatrick (1998), ‘Privatization, Employment and Social Protection in Developing Countries’
17. Sunita Kikeri (1998), ‘Privatization and Labor: What Happens to Workers When Governments Divest?’
18. Narjess Boubakri and Jean-Claude Cosset (1998), ‘The Financial and Operating Performance of Newly Privatized Firms: Evidence from Developing Countries’
19. William L. Megginson, Robert C. Nash and Matthias Van Randenborgh (1994), ‘The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis’
PART IV LESSONS OF EXPERIENCE
20. Colin Kirkpatrick (1988), ‘The UK Privatisation Model: Is it Transferable to Developing Countries?’
21. Sunita Kikeri, John Nellis and Mary Shirley (1994), ‘Privatization: Lessons from Market Economies’
22. Paul Bennell (1997), ‘Privatization in Sub-Saharan Africa: Progress and Prospects During the 1990s’
23. C.C. White and A. Bhatia (1998), ‘Assessing Privatization Programs in Africa’
Name Index
