Privatization, Regulation, and Economic Growth in Developing Countries: An Empirical Analysis
International Journal of Interdisciplinary Social Sciences, 2010, Vol 5, Issue 3
26 Pages Posted: 22 Oct 2010 Last revised: 4 Oct 2013
Date Written: October 20, 2010
We examine the impact of ownership structure, as measured by privatization, and regulation on economic growth in developing and transition economies. Using several econometric specifications, including fixed effects, and taking into account regional differences and time periods, we estimate a cross-country panel growth model using the extended and new data sets on privatization and regulation for 1988-2007. Our results indicate that while the impact of privatization on growth is largely neutral, regulation tends to have a positive and significant impact on growth performance.
Keywords: Privatization, Ownership Structure, Regulation, Growth, Developing Countries
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