The Costs and Benefits of Privatization in Argentina: A Microeconomic Analysis

53 Pages Posted: 19 Apr 2011

See all articles by Federico Sturzenegger

Federico Sturzenegger

Universidad Torcuato Di Tella; Harvard University - Harvard Kennedy School (HKS); National Bureau of Economic Research (NBER)

Ernesto Schargrodsky

Universidad Torcuato Di Tella

Sebastian Galiani

University of Maryland - Department of Economics

Paul J. Gertler

University of California, Berkeley - Haas School of Business; National Bureau of Economic Research (NBER)

Date Written: April 2003

Abstract

Since the beginning of the 1980s, the world has undergone a major shift in thinking about the appropriate economic role of the state. Privatization of state-owned enterprises (SOEs) has been at the heart of this change. The track record on privatization, however, is still very limited. This holds true for Argentina, which undertook an extensive privatization effort. But has it improved the welfare of Argentine workers and consumers? How has the transfer of local water and sewerage firms to private hands impacted health indicators such as child mortality? Given the massive layoffs involved, have post-privatization gains in profitability come at the expense of workers? Analyzing data for both financial and non-financial firms, this paper answers these and other questions to set the record straight on privatization in Argentina.

Suggested Citation

Sturzenegger, Federico and Schargrodsky, Ernesto and Galiani, Sebastian and Gertler, Paul J., The Costs and Benefits of Privatization in Argentina: A Microeconomic Analysis (April 2003). IDB Working Paper No. 163, Available at SSRN: https://ssrn.com/abstract=1814712 or http://dx.doi.org/10.2139/ssrn.1814712

Federico Sturzenegger (Contact Author)

Universidad Torcuato Di Tella ( email )

Minones 2159
1428 Buenos Aires, 1428
Argentina

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-496-3255 (Phone)
617-496-1722 (Fax)

National Bureau of Economic Research (NBER)

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Ernesto Schargrodsky

Universidad Torcuato Di Tella ( email )

Minones 2159
1428 Buenos Aires, 1428
Argentina
+54 11 4784 0080 (Phone)
+54 11 4783 3220 (Fax)

Sebastian Galiani

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States

Paul J. Gertler

University of California, Berkeley - Haas School of Business ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
510-642-1418 (Phone)
510-642-4700 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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