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  • 1
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: 2009 World Bank eLibrary Also available in print
    Serie: Policy research working paper 4811
    Paralleltitel: Available in another form Effects of privatization and ownership in transition economies
    Schlagwort(e): Privatization ; Privatization
    Kurzfassung: "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
    Anmerkung: 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
    Online-Ressource
    Online-Ressource
    Washington, D.C : World Bank
    ISBN: 9780821374092 , 9780821374108
    Sprache: Englisch
    Seiten: Online-Ressource (xxviii, 351 p) , ill , 23 cm
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Serie: Latin American development forum series
    DDC: 363.6098
    Schlagwort(e): Infrastructure (Economics) ; Privatization ; Public utilities Finance ; Public utilities Finance ; Public-private sector cooperation ; Infrastructure (Economics) ; Privatization ; Public utilities Finance ; Public utilities Finance ; Public-private sector cooperation ; Infrastructure (Economics) ; Privatization ; Public utilities ; Public utilities ; Public-private sector cooperation
    Beschreibung / Inhaltsverzeichnis: Introduction -- Setting the stage -- Learning from the existing literature -- Filling the gaps with new datasets and methodologies -- The impact on electricity distribution -- The impact on fixed line telecommunications -- The impact on water and sewerage -- An assessment of the electricity distribution performance of private and public utilities -- Determinants of impact: regulatory and contract variables -- Conclusions and moving forward.
    Anmerkung: Includes bibliographical references (p. 321-328) and index
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3950
    Paralleltitel: Auriol, Emmanuelle Infrastructure and public utilities privatization in developing countries
    Schlagwort(e): Infrastructure (Economics) ; Privatization ; Public utilities ; Infrastructure (Economics) ; Privatization ; Public utilities
    Kurzfassung: "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
    Anmerkung: 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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  • 4
    Online-Ressource
    Online-Ressource
    Washington, D.C : World Bank
    ISBN: 0821366920 , 0821366939 , 9780821366929
    Sprache: Englisch
    Seiten: Online-Ressource (xix, 105 p) , ill , 24 cm
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Schlagwort(e): Political corruption ; Political corruption ; Privatization Corrupt practices ; Privatization Corrupt practices ; Political corruption ; Political corruption ; Privatization Corrupt practices ; Privatization Corrupt practices ; Political corruption ; Political corruption ; Privatization ; Privatization
    Anmerkung: Includes bibliographical references (p. 101-105)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3884
    Paralleltitel: Hamilton, Ellen Rental choice and housing policy realignment in transition
    Schlagwort(e): Housing policy ; Housing policy ; Privatization ; Privatization ; Housing policy ; Housing policy ; Privatization ; Privatization
    Kurzfassung: "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
    Anmerkung: 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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  • 6
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3937
    Paralleltitel: Jensen, Olivia The handshake
    Schlagwort(e): Privatization ; Sanitation ; Water-supply ; Privatization ; Sanitation ; Water-supply
    Kurzfassung: "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
    Anmerkung: 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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  • 7
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3689
    Paralleltitel: Noumba Um, Paul Private participation in infrastructure projects in the Republic of Korea
    Schlagwort(e): Capital investments ; Financial crises ; Infrastructure (Economics) ; Privatization ; Capital investments ; Financial crises ; Infrastructure (Economics) ; Privatization
    Kurzfassung: "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
    Anmerkung: 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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  • 8
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3470
    Paralleltitel: Estache, Antonio Ppi partnerships versus ppi divorces in developing countries (or are we switching from pppi to ppdi?)
    Schlagwort(e): Infrastructure (Economics) ; Privatization ; Public-private sector cooperation ; Infrastructure (Economics) ; Privatization ; Public-private sector cooperation
    Kurzfassung: "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
    Anmerkung: 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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  • 9
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3632
    Paralleltitel: Available in another form Corporate governance and bank performance
    Schlagwort(e): Banks and banking ; Corporate governance ; Privatization ; Banks and banking ; Corporate governance ; Privatization
    Kurzfassung: "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
    Anmerkung: 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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  • 10
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3666
    Paralleltitel: Nakane, Márcio Issao Bank privatization and productivity
    Schlagwort(e): Banks and banking ; Industrial productivity ; Privatization ; Banks and banking ; Industrial productivity ; Privatization
    Kurzfassung: "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
    Anmerkung: 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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  • 11
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3681
    Paralleltitel: Goldberg, Itzhak Productivity, ownership, and the investment climate
    Schlagwort(e): Industrial productivity ; Investments ; Privatization ; Industrial productivity ; Investments ; Privatization
    Kurzfassung: "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
    Anmerkung: 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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  • 12
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3727
    Paralleltitel: Kariuki, Mukami Small-scale private service providers of water supply and electricity
    Schlagwort(e): Water-supply ; Electric power ; Privatization ; Electric power ; Privatization ; Water supply
    Kurzfassung: "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
    Kurzfassung: "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
    Anmerkung: 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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  • 13
    Online-Ressource
    Online-Ressource
    Washington, D.C : World Bank
    ISBN: 0821360434
    Sprache: Englisch
    Seiten: Online-Ressource (xvi, 364 p) , col. ill , 27 cm
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    DDC: 338.9/009172/4
    Schlagwort(e): Economic stabilization ; Privatization ; Economic stabilization ; Privatization ; Economic stabilization ; Privatization ; Developing countries ; Developing countries ; Developing countries Economic policy ; Developing countries Politics and government ; Developing countries Economic policy ; Developing countries Politics and government
    Anmerkung: Includes bibliographical references (p. 331-356) and index , This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani
    URL: Volltext  (Deutschlandweit zugänglich)
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