Empirical Evidence on Satisfaction with Privatization in Latin America

creativeworkseries.issn 1564-698X Bonnet, Céline Dubois, Pierre Martimort, David Straub, Stéphane 2013-08-22T20:25:05Z 2013-08-22T20:25:05Z 2012-01-18
dc.description.abstract 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 we 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. en
dc.identifier.citation World Bank Economic Review
dc.identifier.issn 1564-698X
dc.identifier.other doi:10.1093/wber/lhr037
dc.language.iso en_US
dc.publisher World Bank
dc.relation.ispartofseries World Bank Economic Review
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder World Bank
dc.subject assets
dc.subject basic services
dc.subject confidence
dc.subject corrupt
dc.subject corruption
dc.subject Crime
dc.subject democracy
dc.subject employment
dc.subject income distribution
dc.subject judicial system
dc.subject laws
dc.subject media
dc.subject patronage
dc.subject perception of corruption
dc.subject Privatization
dc.subject profitability
dc.subject public services
dc.subject scandal
dc.subject transparency
dc.subject transport
dc.title Empirical Evidence on Satisfaction with Privatization in Latin America en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs
okr.crosscuttingsolutionarea Public-Private Partnerships
okr.doctype Journal Article
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Social Protection and Labor
okr.globalpractice Poverty
okr.globalpractice Finance and Markets
okr.globalpractice Transport and ICT
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1093/wber/lhr037
okr.journal.nbpages 1-33
okr.language.supported en
okr.peerreview Academic Peer Review
okr.region.geographical Latin America
okr.topic Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.topic Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic Finance and Financial Sector Development :: Non Bank Financial Institutions
okr.topic Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic Poverty Reduction :: Inequality
okr.topic Private Sector Development :: E-Business
okr.topic Private Sector Development :: Emerging Markets
okr.topic Private Sector Development :: Privatization
okr.topic Social Protections and Labor :: Labor Policies
okr.volume 26(1)
relation.isJournalIssueOfPublication 3f33a3d2-e0e4-4803-8d87-0ac01caac38b
relation.isJournalOfPublication c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication 748e7c36-7413-4a62-878d-6759f614bc0b
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
English PDF
280.01 KB
Adobe Portable Document Format
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
1.71 KB
Item-specific license agreed upon to submission