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Mixed Ownership, Unemployment, and Welfare for a Developing EconomyHamid BeladiUniversity of Texas at San Antonio - College of Business - Department of Economics Chi Chur ChaoChinese University of Hong Kong - Department of Economics Review of Development Economics, Vol. 10, No. 4, pp. 604-611, November 2006 Abstract: This paper considers the employment and welfare effects of mixed ownership via partial privatization of state-owned enterprises for a developing economy. An increase in the private ownership lowers the production and, hence, worsens urban unemployment in the short run. However, in the long run, capital moves to the rural region, alleviating the problem of urban unemployment. The employment effect can have a positive contribution to social welfare in the long run.
Number of Pages in PDF File: 8 Accepted Paper SeriesDate posted: October 19, 2006Suggested CitationContact Information
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