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  • World Bank  (15)
  • [Washington, D.C] : World Bank  (14)
  • Washington, DC : Oxford University Press  (1)
  • Washington DC : World Bank
  • Privatization  (15)
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  • 1
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    Language: English
    Pages: Online-Ressource
    Edition: 2009 World Bank eLibrary Also available in print
    Series Statement: Policy research working paper 4811
    Parallel Title: Available in another form Effects of privatization and ownership in transition economies
    Keywords: Privatization ; Privatization
    Abstract: "The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and vary across regions, coinciding with differences in policies and institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of performance. Concentrated private ownership has a stronger positive effect on performance than dispersed ownership in the post-communist economies, but foreign joint ventures rather than wholly owned foreign firms have a positive effect in China. Worker or collective ownership does not have a negative effect. In the post-communist economies new firms are equally or more efficient than firms privatized to domestic owners, and foreign start-ups are more efficient than domestic ones. Privatization is not associated with lower employment. When accompanied by complementary reforms, privatization has a positive effect on economic growth. Three factors appear to drive the more positive effect of privatization to foreign than domestic owners. Domestic managers have more limited skills and access to world markets, domestically privatized firms have been more subject to tunneling and in some countries new large shareholders artificially decreased performance. The important policy implication is that privatization per se does not guarantee improved performance, at least not in the short- to medium-run. Type of private ownership, corporate governance, access to know-how and markets, and the legal and institutional system matter for firm performance. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3950
    Parallel Title: Auriol, Emmanuelle Infrastructure and public utilities privatization in developing countries
    Keywords: Infrastructure (Economics) ; Privatization ; Public utilities ; Infrastructure (Economics) ; Privatization ; Public utilities
    Abstract: "The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so that public subsidies decline. This benefit for tax-payers comes at the cost of price increases for consumers. In developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly profitable public utilities, the combination of allocative inefficiency and critical budgetary conditions may favor public ownership. Finally, once a market segment gives room for more than one firm, governments prefer to regulate the industry. In the absence of a credible regulatory agency, regulation is achieved through public ownership. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/28/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3884
    Parallel Title: Hamilton, Ellen Rental choice and housing policy realignment in transition
    Keywords: Housing policy ; Housing policy ; Privatization ; Privatization ; Housing policy ; Housing policy ; Privatization ; Privatization
    Abstract: "Massive privatizations of housing in Europe and Central Asia transition countries have significantly reduced rental tenure choice, threatening to impede residential mobility. Policymakers are intensifying their search for adequate policy responses aimed at broadening tenure choice for more household categories through effective rental housing alternatives in the social and private sectors. While the social alternative requires substantial and well-balanced subsidies, the private alternative will not grow unless rent, management, and tax reforms are boldly implemented and housing privatization truly completed. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 4/19/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3937
    Parallel Title: Jensen, Olivia The handshake
    Keywords: Privatization ; Sanitation ; Water-supply ; Privatization ; Sanitation ; Water-supply
    Abstract: "This paper uses a new dataset, "WATSAN," of private sector participation (PSP) projects for water and sanitation in developing countries to examine the determinants of the number of projects signed for each country between 1990 and 2004. The new dataset improves on existing sources, in particular in its coverage of projects with local investors, and provides adequate data for cross-country regression analysis. The authors use a negative binomial regression model to investigate the factors influencing the number of PSP projects in a sample of 60 developing countries with 460 PSP projects. The regression results provide support for the hypotheses that PSP is greater in larger markets where the ability to pay is higher and where governments are fiscally constrained. The authors test several indicators of institutional quality and find that these are generally significant in determining the number of projects signed for each country. Measures of the protection of property rights and the quality of the bureaucracy emerge as the most important institutions that encourage PSP. Rule of law and the control of corruption are significant, albeit at a lower level, while the quality of contract law and political stability are not robustly significant. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/30/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3689
    Parallel Title: Noumba Um, Paul Private participation in infrastructure projects in the Republic of Korea
    Keywords: Capital investments ; Financial crises ; Infrastructure (Economics) ; Privatization ; Capital investments ; Financial crises ; Infrastructure (Economics) ; Privatization
    Abstract: "In the aftermath of the 1997 East Asian financial crisis, the government of the Republic of Korea published a Private Participation in Infrastructure (PPI) Act to remove the main impediments to private investment in infrastructure sectors. The implementation of the Act was followed by a steady increase in the number of PPI projects, thus spurring the modernization of the main infrastructure facilities in transport, water, electricity, and telecommunications. Despite this progress, the Korean PPI market still faces critical challenges that are probably related to its nascent stage of development. The market is dominated by five construction and engineering firms, but lacks world-class project developers. At the same time, the procurement of PPI projects takes on average four years, and competition in tenders is limited. The number of unsolicited proposals is abnormally high, whereas the number of solicited proposals remains flat. The participation of foreign firms is very limited despite the size of the market and the number of projects awarded. Although local financing is available, the maturity of financing instruments does not exceed five years for most corporate papers, and 10 years for government bonds. This paper reviews the procurement of PPI projects in Korea and benchmarks it to international best practices before proposing options for its improvement. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/25/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3470
    Parallel Title: Estache, Antonio Ppi partnerships versus ppi divorces in developing countries (or are we switching from pppi to ppdi?)
    Keywords: Infrastructure (Economics) ; Privatization ; Public-private sector cooperation ; Infrastructure (Economics) ; Privatization ; Public-private sector cooperation
    Abstract: "Thirty years ago, in 1974, Chile launched the first large-scale privatization in a developing country. About 15 years later, Argentina provided a new model of global infrastructure management. Since then a variety of public-private partnerships in infrastructure have been adopted throughout the developing and transition world. These experiences add up to a large and heterogeneous enough sample of experiences from which some fairly robust conclusions on who benefited from the reforms and who did not. Because many of these experiences are also turning sour and the 'privatization' fad of the 1990s seems to be turning into an 'antiprivatization' fad, it seems important to separate facts from emotions. Estache argues that the wide differences in interpretations of the facts can be explained by wide differences in the assessment criteria used by analysts, including the definition of the baseline data chosen to assess the incremental effect of reforms. It is also driven by the sectors, the regions, and probably most important, the actors on which the analysis tends to focus. Once all these factors have been considered, a relatively fair and quantitative assessment of the prospects of the public-private relationship in infrastructure is possible. This paper--a product of the Office of the Vice President, Infrastructure Network--is part of a larger effort in the network to stimulate a debate on the effectiveness of infrastructure reforms"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 1/3/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3632
    Parallel Title: Available in another form Corporate governance and bank performance
    Keywords: Banks and banking ; Corporate governance ; Privatization ; Banks and banking ; Corporate governance ; Privatization
    Abstract: "The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude some indicators) support this argument. Using data from Argentina in the 1990s, their strongest and most robust results concern state ownership. State-owned banks have poor long-term performance (static effect), those undergoing privatization had particularly poor performance beforehand (selection effect), and these banks dramatically improved following privatization (dynamic effect. However, much of the measured improvement is likely due to placing nonperforming loans into residual entities, leaving "good" privatized banks."--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/19/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3666
    Parallel Title: Nakane, Márcio Issao Bank privatization and productivity
    Keywords: Banks and banking ; Industrial productivity ; Privatization ; Banks and banking ; Industrial productivity ; Privatization
    Abstract: "Over the past decade, the Brazilian banking industry has undergone major and deep transformations with several privatizations of state-owned banks, mergers and acquisitions, closing down of troubled banks, entry by foreign banks, and so on. The purpose of this paper is to evaluate the impacts of these changes in banking on total factor productivity. The authors first obtain measures of bank level productivity by employing the techniques due to Levinsohn and Petrin (2003). They then relate such measures to a set of bank characteristics. Their main results indicate that state-owned banks are less productive than their private peers, and that privatization has increased productivity. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/19/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3681
    Parallel Title: Goldberg, Itzhak Productivity, ownership, and the investment climate
    Keywords: Industrial productivity ; Investments ; Privatization ; Industrial productivity ; Investments ; Privatization
    Abstract: "The authors use data on 27,000 firms from 50 countries, half of which are transition economies, together with the case of Serbia to examine the relationship between productivity, the investment climate, and private ownership of firms. As government capacity to address investment climate constraints is limited, the prioritization of the constraints is critical. Identification of the relative effects of various investment climate constraints and ownership on productivity should serve as a guide for such prioritization. Although ownership has recently received less attention in policy decisions than before, according to the econometric analysis of productivity reported by the authors, private ownership is an equally or more important determinant of productivity than other components of the investment climate. The importance of ownership shows that an unfinished privatization and restructuring agenda might have negative effects on productivity, in parallel to poor investment climate. Another important finding is that countries in which firms complain more about infrastructure tend to have less productive firms. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/12/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3727
    Parallel Title: Kariuki, Mukami Small-scale private service providers of water supply and electricity
    Keywords: Water-supply ; Electric power ; Privatization ; Electric power ; Privatization ; Water supply
    Abstract: "This paper summarizes the key findings and conclusions of a literature review of small-scale private service providers (SPSPs) of water supply and electricity conducted over a six-month period in 2003. It draws on more than 400 documents-including journals, articles, reports, case studies and project reports-which have been disaggregated and referenced in a publicly available database. SPSPs appear most prevalent in countries with low coverage levels, ineffective public utilities that provide inadequate or partial services, and remote, difficult-to-access regions. SPSPs are especially prevalent in post-conflict countries and others with weak or failed states. Of the countries for which evidence of SPSPs was available, at least half fall into this category. SPSP provision of networked services appears to be significantly higher for electricity than for water supply. Most SPSPs identified through the literature are single-purpose entities established for the express purpose of delivering water supply or electricity. SPSPs take a variety of organizational forms, both for-profit and non-profit. As such, they are established for a variety of reasons, including: to meet consumer demand, respond to crises, or as part of larger business ventures. The technology used may extend upstream from distribution services to the means for producing or generating water supply or electricity, so capital needs vary accordingly. The majority of SPSPs have fewer than 50 employees and usually fewer than 10. A lack of affordable financing is a constraint for most SPSPs, which fund investments mainly through their own earnings and savings, loans from friends and family, and money borrowed from formal and informal lenders. "--World Bank web site
    Abstract: "This paper summarizes the key findings and conclusions of a literature review of small-scale private service providers (SPSPs) of water supply and electricity conducted over a six-month period in 2003. It draws on more than 400 documents-including journals, articles, reports, case studies and project reports-which have been disaggregated and referenced in a publicly available database. SPSPs appear most prevalent in countries with low coverage levels, ineffective public utilities that provide inadequate or partial services, and remote, difficult-to-access regions. SPSPs are especially prevalent in post-conflict countries and others with weak or failed states. Of the countries for which evidence of SPSPs was available, at least half fall into this category. SPSP provision of networked services appears to be significantly higher for electricity than for water supply. Most SPSPs identified through the literature are single-purpose entities established for the express purpose of delivering water supply or electricity. SPSPs take a variety of organizational forms, both for-profit and non-profit. As such, they are established for a variety of reasons, including: to meet consumer demand, respond to crises, or as part of larger business ventures. The technology used may extend upstream from distribution services to the means for producing or generating water supply or electricity, so capital needs vary accordingly. The majority of SPSPs have fewer than 50 employees and usually fewer than 10. A lack of affordable financing is a constraint for most SPSPs, which fund investments mainly through their own earnings and savings, loans from friends and family, and money borrowed from formal and informal lenders. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 9/23/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 11
    Online Resource
    Online Resource
    Washington, DC : Oxford University Press
    ISBN: 0821350706
    Language: English
    Pages: Online-Ressource (xv, 306 p) , ill , 24 cm
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: A World Bank policy research report
    DDC: 363.6
    Keywords: Infrastructure (Economics) ; Privatization ; Public utilities ; Public utilities Government policy ; Infrastructure (Economics) ; Privatization ; Public utilities ; Public utilities Government policy ; Infrastructure (Economics) ; Privatization ; Public utilities ; Public utilities
    Note: Includes bibliographical references (p. 279-306)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 12
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3364
    Parallel Title: Caprio, Gerard Can the unsophisticated market provide discipline?
    Keywords: Banks and banking ; Privatization ; Banks and banking ; Privatization
    Abstract: "Caprio and Honohan question the widespread belief that market discipline on banks cannot be effective in less developed financial environments. There is no systematic tendency for low-income countries to lack the prerequisites for market discipline. Offsetting factors to the weaker market and formal information infrastructures are (1) the less complex character of banking business in low-income countries; (2) the growing internationalization of these markets through the presence of foreign banks, and through international trading of the debt and equity of locally-controlled nongovernment banks; and (3) the smaller size of the business and financial community. However, continuing dominance by public sector banks in some countries limits the likely development of market monitoring, which is clearly a cause for concern, given the disappointing record of governments around the world as monitors of their self-owned banks. Countries should build on this potential for market discipline by limiting the role of explicit deposit guarantees, reducing state ownership of banks where it is prevalent, and not putting all their eggs in the supervisory basket. Greater disclosure, for example, of how risk taking is rewarded and how rating agencies earn their fees would support the development of better market monitoring. Enhancing market discipline (pillar three) is much more likely to be of use in most developing countries than addressing the refinements of the risk-weighting system of Basel II's first pillar. This paper - a joint product of the Financial Sector Operations and Policy Department and the Finance Team, Development Research Group - is part of a larger effort in the Bank to provide research on what works to strengthen countries' financial systems"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/6/2004 , Also available in print.
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  • 13
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3352
    Parallel Title: Hoff, Karla Ruth The transition from communism
    Keywords: Privatization ; Rule of law ; Privatization ; Rule of law
    Note: Includes bibliographical references , Title from PDF file as viewed on 7/2/2004 , Also available in print.
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  • 14
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3390
    Parallel Title: Herzberg, Benjamin Investment climate reform--going the last mile
    Keywords: Privatization ; Privatization
    Abstract: "Herzberg examines the Bulldozer Initiative in Bosnia and Herzegovina, an innovative reform methodology that successfully overcame the lack of political will and capacity at the government level through a bottom-up approach. Using an innovative grassroots and public awareness methodology, the initiative mobilized the local business community to bulldoze barriers by identifying concrete legislative changes and advocating for their adoption and implementation. By delivering fast results--50 reforms in 150 days--the initiative won the confidence of entrepreneurs and empowered them to institutionalize permanent grassroots reform committees. The force of this lobby group created political will by putting public pressure on the politicians to do their part to enact the reforms. Most important, it carried investment climate reform the last mile by delivering concrete, quantifiable results in all sectors of the economy. Over time, the initiative is establishing a dynamic of reform and public-private partnership that will facilitate the tackling of more complicated structural reforms. Complementing the systemic approach and framework reform efforts of governments and international agencies, competitiveness partnerships mobilize the local business community to catalog concrete problems across the full spectrum of investment climate concerns, pinpoint solutions, campaign for their adoption, and follow up on reform implementation. The author attempts to determine the applicability of competitiveness partnerships to different settings by modeling the interactions between several key success factors, thus providing a pertinent tool for development professionals, government officials, and private sector advocates who wish to establish a renewed implementation dynamic through this kind of results-oriented reform process. This paper--a product of the Investment Climate Unit--is part of a larger effort in the unit to communicate best practices in investment climate reform"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 9/8/2004 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 15
    Online Resource
    Online Resource
    [Washington, D.C] : World Bank
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3371
    Parallel Title: Soto, Raimundo On the measurement of market-oriented reforms
    Keywords: Free trade ; Privatization ; Free trade ; Privatization
    Abstract: "Loayza and Soto present policy and outcome-based ways of measuring the progress of market-oriented reforms in both traditional areas of first-generation reform and the areas of institutional reform that have been emphasized lately. These policy areas are the domestic financial system, international financial markets, international trade, the labor market, the tax system, public infrastructure and public firms, the legal and regulatory framework, and governance. For each of them, the authors first discuss the general principles underlying market-oriented reform. Second, they present various indicators of the policy stance in the area in question. And third, they present various outcome indicators of the policy stance. This paper is a product of Investment Climate Team, Development Research Group is part of a larger effort in the group to understand the process of economic reform"--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/6/2004 , Also available in print.
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