Contracting out public sector services and divesting public enterprises are reforms that have
enjoyed widespread global popularity in recent years. Better services, lower prices and …

Privatisation is widely promoted as a means of improving economic performance in
developing countries. However, the policy remains controversial and the relative roles of …

Since 1981, over 100 governments around the world have raised over $1 trillion through the
sale of SOEs to private investors. Privatization programs have transformed the role of the …

This paper argues that the private-public ownership factor should be differentiated from
other factors that also influence the effect of privatization on efficiency. This is empirically …

Are resources allocated more efficiently through private ownership than through the public
sector? The experiences of eleven newly privatised companies are examined to evaluate …

After its privatization in 1989, the water and sewerage industry of England and Wales faced
a new regulatory régime and implemented a substantial capital investment program aimed …

Privatization—defined here as the transfer of ownership of state-owned organizations to
private parties—has attracted the attention of scholars across multiple fields. Privatization …

The supposed failure of privatization in Latin America has recently become the source of
street riots, protest demonstrations, and adverse news coverage. Riots in Arequipa, Peru …

Corruption has different efficiency effects across countries. Conventional economic models
of corruption are shown to be deficient in explaining these differences. Instead the article …

Two radically different theoretical views on the role of the state in economic development
have driven policy debates on the location of state failure and the priorities of institutional …