The Benefits of Privatization : Evidence from Mexico

La Porta, Rafael; López-de-Silanes, Florencio

Publication:
The Benefits of Privatization : Evidence from Mexico

dc.contributor.author	La Porta, Rafael
dc.contributor.author	López-de-Silanes, Florencio
dc.date.accessioned	2012-08-13T15:27:31Z
dc.date.available	2012-08-13T15:27:31Z
dc.date.issued	1997-06
dc.description.abstract	Critics of privatization often argue that its benefits come at a high cost to society. The authors test the validity of this criticism for Mexico's privatization program, one of the world's largest case-by-case programs. Assessing the performance of newly privatized firms in such areas as profitability and efficiency, they find that these firms quickly close the gap with their peers in the private sector. Their findings suggest that the firms' profit gains come from productivity gains (52 percent), layoffs (33 percent), and higher prices (15 percent).	en
dc.identifier	http://documents.worldbank.org/curated/en/1997/06/441459/benefits-privatization-evidence-mexico
dc.identifier.uri	http://hdl.handle.net/10986/11583
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Viewpoint: Public Policy for the Private Sector; Note No. 117
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	ACCOUNTING
dc.subject	ASSETS
dc.subject	AVERAGE COSTS
dc.subject	BENCHMARK
dc.subject	BENCHMARKS
dc.subject	COMPETITIVENESS
dc.subject	DEBT
dc.subject	DEREGULATION
dc.subject	EMPIRICAL ANALYSIS
dc.subject	EMPIRICAL STUDIES
dc.subject	EMPLOYMENT
dc.subject	EXPENDITURES
dc.subject	FREE TRADE
dc.subject	GDP
dc.subject	IMPORTS
dc.subject	INCOME
dc.subject	LABOR COSTS
dc.subject	LABOR FORCE
dc.subject	MARKET COMPETITION
dc.subject	MARKET FORCES
dc.subject	MARKET POWER
dc.subject	MERGERS
dc.subject	NATIONAL OUTPUT
dc.subject	NATURAL MONOPOLIES
dc.subject	OPERATING EFFICIENCY
dc.subject	OPERATING INCOME
dc.subject	PRICE INCREASES
dc.subject	PRICE INDEX
dc.subject	PRIVATIZATION
dc.subject	PRODUCERS
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROFITABILITY
dc.subject	REAL WAGES
dc.subject	SALES
dc.subject	SAVINGS
dc.subject	SPREAD
dc.subject	STATE ENTERPRISES
dc.subject	SUBSTITUTION
dc.subject	TOTAL COSTS
dc.subject	TRADE BARRIERS
dc.subject	UNDERESTIMATES
dc.subject	WAGES DENATIONALIZATION
dc.subject	MARKET COMPETITION
dc.subject	DEREGULATION
dc.subject	STOCKHOLDERS
dc.subject	EMPLOYMENT SECURITY
dc.subject	PRODUCTIVITY
dc.subject	LAYOFF
dc.title	The Benefits of Privatization : Evidence from Mexico	en
dspace.entity.type	Publication
okr.doctype	Publications & Research :: Viewpoint
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/1997/06/441459/benefits-privatization-evidence-mexico
okr.globalpractice	Social, Urban, Rural and Resilience
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Governance
okr.globalpractice	Environment and Natural Resources
okr.globalpractice	Finance and Markets
okr.globalpractice	Finance and Markets
okr.globalpractice	Trade and Competitiveness
okr.identifier.externaldocumentum	090224b0854a68e9_2_0
okr.identifier.internaldocumentum	441459
okr.identifier.report	16874
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1999/08/15/000009265_3980219162720/Rendered/PDF/multi0page.pdf	en
okr.region.administrative	Latin America & Caribbean
okr.region.country	Mexico
okr.topic	International Economics and Trade :: Access to Markets
okr.topic	Urban Development :: Municipal Financial Management
okr.topic	Banks and Banking Reform
okr.topic	Economic Theory and Research
okr.topic	Environmental Economics and Policies
okr.topic	Finance and Financial Sector Development
okr.topic	Macroeconomics and Economic Growth
okr.topic	Environment
okr.unit	Fin & Private Sector Develop VP
okr.volume	1 of 1
relation.isSeriesOfPublication	1067ecbf-b217-4376-a77e-64594be2b212