• About
  • Policies
  • What is openaccess
  • Library
  • Contact
Advanced search
      View Item 
      •   BUIR Home
      • Scholarly Publications
      • Faculty of Economics, Administrative And Social Sciences
      • Department of Economics
      • View Item
      •   BUIR Home
      • Scholarly Publications
      • Faculty of Economics, Administrative And Social Sciences
      • Department of Economics
      • View Item
      JavaScript is disabled for your browser. Some features of this site may not work without it.

      The effects of privatization on efficiency: how does privatization work?

      Thumbnail
      View / Download
      214.5 Kb
      Author
      Okten, C.
      Arin, K. P.
      Date
      2006
      Source Title
      World Development
      Print ISSN
      0305-750X
      Electronic ISSN
      1873-5991
      Publisher
      Pergamon Press
      Volume
      34
      Issue
      9
      Pages
      1537 - 1556
      Language
      English
      Type
      Article
      Item Usage Stats
      118
      views
      208
      downloads
      Abstract
      Uncovering the effects of privatization is difficult, because privatization of a particular firm usually is not an accident. This paper tests the effects of privatization on productive and allocative (market) efficiency using a rich panel data set of 22 privatized cement plants from Turkey in the 1983-99 period. Since, all public cement firms were privatized and we have preand post-privatization data for all, we are able to avoid the problem of endogeneity associated with sample selection. Our analysis goes beyond just examining the privatization effects and explores how privatization really works. Changes in objectives of the firm (ownership effect) and changes in market structure (environment effect) may both be responsible for privatization outcomes. We find that ownership effects are sufficient to achieve improvements in labor productivity. Our results on allocative efficiency, however, are dependent on changes in the competitive environment. While all plants seem to improve labor productivity through works force reductions, plants privatized to foreign buyers also increase their capital and investment significantly. (c) 2006 Elsevier Ltd. All rights reserved.
      Keywords
      SOEs
      Privatization
      Efficiency
      Middle East
      Turkey
      Permalink
      http://hdl.handle.net/11693/11491
      Published Version (Please cite this version)
      https://doi.org/10.1016/j.worlddev.2006.01.004
      Collections
      • Department of Economics 649
      Show full item record

      Browse

      All of BUIRCommunities & CollectionsTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsThis CollectionTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartments

      My Account

      Login

      Statistics

      View Usage StatisticsView Google Analytics Statistics

      Bilkent University

      If you have trouble accessing this page and need to request an alternate format, contact the site administrator. Phone: (312) 290 1771
      Copyright © Bilkent University - Library IT

      Contact Us | Send Feedback | Off-Campus Access | Admin | Privacy