Evidenceon the Fiscal and Macroeconomic Impact of Privatization /

This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically, they are largely used to reduce domestic financing, with...

詳細記述

書誌詳細
第一著者: Barnett, Steven
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2000.
シリーズ:IMF Working Papers; Working Paper ; No. 2000/130
オンライン・アクセス:Full text available on IMF
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100 1 |a Barnett, Steven. 
245 1 0 |a Evidenceon the Fiscal and Macroeconomic Impact of Privatization /  |c Steven Barnett. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically, they are largely used to reduce domestic financing, with little evidence that they are used to finance a larger deficit. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving open the question of what happens to those proceeds not transferred to the budget. The other main finding is that total privatization (as opposed to just the proceeds transferred to the budget) is correlated with an improvement in macroeconomic performance as manifested in higher real GDP growth and lower unemployment. However, this result needs to be interpreted cautiously as the evidence is not sufficient to establish causality. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/130 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/130/001.2000.issue-130-en.xml  |z IMF e-Library