The Benefits of Privatization : Evidence from Mexico
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).
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| Main Authors: | , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
1997-06
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| Subjects: | ACCOUNTING, ASSETS, AVERAGE COSTS, BENCHMARK, BENCHMARKS, COMPETITIVENESS, DEBT, DEREGULATION, EMPIRICAL ANALYSIS, EMPIRICAL STUDIES, EMPLOYMENT, EXPENDITURES, FREE TRADE, GDP, IMPORTS, INCOME, LABOR COSTS, LABOR FORCE, MARKET COMPETITION, MARKET FORCES, MARKET POWER, MERGERS, NATIONAL OUTPUT, NATURAL MONOPOLIES, OPERATING EFFICIENCY, OPERATING INCOME, PRICE INCREASES, PRICE INDEX, PRIVATIZATION, PRODUCERS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFITABILITY, REAL WAGES, SALES, SAVINGS, SPREAD, STATE ENTERPRISES, SUBSTITUTION, TOTAL COSTS, TRADE BARRIERS, UNDERESTIMATES, WAGES DENATIONALIZATION, STOCKHOLDERS, EMPLOYMENT SECURITY, LAYOFF, |
| Online Access: | http://documents.worldbank.org/curated/en/1997/06/441459/benefits-privatization-evidence-mexico https://hdl.handle.net/10986/11583 |
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