Impact of Privatisation on Employment and Output in Pakistan
Iram A. Khan
COMSATS Institute of Information Technology (CIIT); Auditor General of Pakistan
Jan 4, 2003
Pakistan Development Review, Vol. 42, No. 4, pp. 513-535, 2003
The study assesses the impact of privatization on employment and output in Pakistan by using edible oil and cement sectors as a case study. The study is both a policy and empirical analysis. The review of literature sets the stage for policy analysis, and allows us to assess the policy implications of adopting privatization. At the empirical level, the study uses a firm-level dataset compiled separately for managers’ and workers’ employment and wages, as well as for output. By adopting a simple to complex strategy, first general trends from the data are presented which are later tested with the help of static and dynamic panel regression analysis.
The results show a negative and statistically significant impact of privatization for total and workers’ employment. It is positive, though statistically insignificant, for managers’ employment and output. The impact of macro-economic policies, reflected through the structural adjustment programme dummy variable, is negative for all regressions except for managers’ employment.
Number of Pages in PDF File: 23
Keywords: Privatization, Pakistan
JEL Classification: J38, L33Accepted Paper Series
Date posted: June 5, 2010 ; Last revised: June 7, 2010
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