Empirical Evidence on Satisfaction with Privatization in Latin America

doi:10.1093/wber/lhr037

Publication:
Empirical Evidence on Satisfaction with Privatization in Latin America

creativeworkseries.issn	1564-698X
dc.contributor.author	Bonnet, Céline
dc.contributor.author	Dubois, Pierre
dc.contributor.author	Martimort, David
dc.contributor.author	Straub, Stéphane
dc.date.accessioned	2013-08-22T20:25:05Z
dc.date.available	2013-08-22T20:25:05Z
dc.date.issued	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.doi	10.1596/15296
dc.identifier.issn	1564-698X
dc.identifier.other	doi:10.1093/wber/lhr037
dc.identifier.uri	https://hdl.handle.net/10986/15296
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.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
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.date.doiregistration	2025-05-06T11:29:22.380561Z
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.isJournalIssueOfPublication.latestForDiscovery	3f33a3d2-e0e4-4803-8d87-0ac01caac38b
relation.isJournalOfPublication	c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication	748e7c36-7413-4a62-878d-6759f614bc0b