Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse efficiency and welfare effects, there has been a strong surge in public discontent with such policy in the region. This paper performs a systematic empirical analysis of the determinants of such dissatisfaction, using survey data from Latinobarometro covering 17 countries over the period 1998-2008, complemented by country level data on macroeconomic, political, and institutional aspects as well as data on privatization. Dissatisfaction appears to respond to absolute and relative welfare effects, and the authors find a robust U-shaped effect in term of education and income levels, with individuals in the middle of such distributions being more critical with the outcome of privatizations.
详细
-
作者
Bonnet, Celine Dubois, Pierre Martimort, David Straub, Stephane
-
文件日期
2011/07/14
-
文件类型
日志文章
-
报告号
81282
-
卷号
1
-
Total Volume(s)
1
-
国家
-
地区
-
发布日期
2013/12/16
-
Disclosure Status
Disclosed
-
文件名称
Empirical evidence on satisfaction with privatization in Latin America
-
关键词
Privatization;access to drinking water;access to basic service;positive impact of privatization;macroeconomic point of view;proceeds from privatization;effect of privatization;water and electricity;price cap regulation;panel data model;household survey data;terms of education;aggregate governance indicator;amount of privatization;quality of work;change in belief;position in society;assessment of privatization;reduction in transfer;expenditure per capita;total labor force;performance and productivity;water and sewerage;extent of privatization;number of researchers;inequality of income;implementation of privatization;public service provider;degree of corruption;lack of transparency;access to water;case of privatization;perception of corruption;employment status;individual data;standard error;democracy index;sewerage system;individual characteristic;privatization proceeds;individual opinion;welfare effect;relative income;Public Services;home owners;bureaucratic quality;richer countries;privatization process;business cycle;education level;employment categories;middle class;socioeconomic status;service coverage;market reform;social indicator;lagged growth;negative effect;econometric model;political preference;individual variable;political spectrum;empirical analysis;
- 更多显示