Abstract

http://ssrn.com/abstract=257773
 
 

References (44)



 
 

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Privatisation and Institutions: A cross Country Analysis


Bernardo Bortolotti


Università di Torino

Domenico Siniscalco


Ministry of Economy and Finance, Italy; Fondazione Eni Enrico Mattei; University of Turin - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Marcella Fantini


National Economic Research Associates Inc. (NERA)

November 2000

CESifo Working Paper Series No. 375

Abstract:     
Privatisation, i.e. the transfer of ownership and control of state-owned enterprises, is a worldwide phenomenon. Which political, economic and institutional factors are shaping this process? This paper addresses the issue presenting new evidence from a sample of 49 countries. From an empirical analysis of the period 1977-96, the decision to privatise and the choice of privatisation method appear to be influenced by the governing political majority and public sector budget constraints, while the success of privatisation in terms of revenues and stakes sold requires suitable institutions and developed capital markets.

Number of Pages in PDF File: 40

Keywords: Privatisation, politics, budget deficit, investor protection, enforcement of law, capital markets

JEL Classification: L33, D72, G15, H6, K22

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Date posted: January 28, 2001  

Suggested Citation

Bortolotti, Bernardo and Siniscalco, Domenico and Fantini, Marcella, Privatisation and Institutions: A cross Country Analysis (November 2000). CESifo Working Paper Series No. 375. Available at SSRN: http://ssrn.com/abstract=257773

Contact Information

Bernardo Bortolotti
Università di Torino ( email )
Corso Unione Sovietica, 218 bis
10134 Torino, 13820-4020
Italy
+39 02 52036931 (Phone)
+39 02 52036946 (Fax)
Domenico Siniscalco (Contact Author)
Ministry of Economy and Finance, Italy ( email )
Via XX Settembre 97
Rome, Rome 00187
Italy
Fondazione Eni Enrico Mattei ( email )
Corso Magenta 63
20123 Milan
Italy
+39 02 5203 6942 (Phone)
+39 02 5203 6946 (Fax)
University of Turin - Department of Economics ( email )
Via Po, 53
Torino, 10124
Italy
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.CESifo.de
Marcella Fantini
National Economic Research Associates Inc. (NERA) ( email )
Rome
Italy
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