Empirical Evidence on Satisfaction with Privatization in Latin America

Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse efficiency and welfare effects, there has been a strong surge in public discontent...

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Main Authors:	Bonnet, Céline, Dubois, Pierre, Martimort, David, Straub, Stéphane
Format:	Journal Article
Language:	en_US
Published:	World Bank 2013
Subjects:	assets basic services confidence corrupt corruption Crime democracy employment income distribution judicial system laws media patronage perception of corruption Privatization profitability public services scandal transparency transport
Online Access:	http://hdl.handle.net/10986/15296

id	okr-10986-15296
recordtype	oai_dc
spelling	okr-10986-152962021-04-23T14:03:21Z Empirical Evidence on Satisfaction with Privatization in Latin America Bonnet, Céline Dubois, Pierre Martimort, David Straub, Stéphane assets basic services confidence corrupt corruption Crime democracy employment income distribution judicial system laws media patronage perception of corruption Privatization profitability public services scandal transparency transport Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse efficiency and welfare effects, there has been a strong surge in public discontent with such policy in the region. This paper performs a systematic empirical analysis of the determinants of such dissatisfaction, using survey data from Latinobarometro covering 17 countries over the period 1998-2008, complemented by country level data on macroeconomic, political, and institutional aspects as well as data on privatization. Dissatisfaction appears to respond to absolute and relative welfare effects, and we find a robust U-shaped effect in term of education and income levels, with individuals in the middle of such distributions being more critical with the outcome of privatizations. 2013-08-22T20:25:05Z 2013-08-22T20:25:05Z 2012-01-18 Journal Article World Bank Economic Review 1564-698X doi:10.1093/wber/lhr037 http://hdl.handle.net/10986/15296 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank Journal Article Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	assets basic services confidence corrupt corruption Crime democracy employment income distribution judicial system laws media patronage perception of corruption Privatization profitability public services scandal transparency transport
spellingShingle	assets basic services confidence corrupt corruption Crime democracy employment income distribution judicial system laws media patronage perception of corruption Privatization profitability public services scandal transparency transport Bonnet, Céline Dubois, Pierre Martimort, David Straub, Stéphane Empirical Evidence on Satisfaction with Privatization in Latin America
geographic_facet	Latin America
description	Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse efficiency and welfare effects, there has been a strong surge in public discontent with such policy in the region. This paper performs a systematic empirical analysis of the determinants of such dissatisfaction, using survey data from Latinobarometro covering 17 countries over the period 1998-2008, complemented by country level data on macroeconomic, political, and institutional aspects as well as data on privatization. Dissatisfaction appears to respond to absolute and relative welfare effects, and we find a robust U-shaped effect in term of education and income levels, with individuals in the middle of such distributions being more critical with the outcome of privatizations.
format	Journal Article
author	Bonnet, Céline Dubois, Pierre Martimort, David Straub, Stéphane
author_facet	Bonnet, Céline Dubois, Pierre Martimort, David Straub, Stéphane
author_sort	Bonnet, Céline
title	Empirical Evidence on Satisfaction with Privatization in Latin America
title_short	Empirical Evidence on Satisfaction with Privatization in Latin America
title_full	Empirical Evidence on Satisfaction with Privatization in Latin America
title_fullStr	Empirical Evidence on Satisfaction with Privatization in Latin America
title_full_unstemmed	Empirical Evidence on Satisfaction with Privatization in Latin America
title_sort	empirical evidence on satisfaction with privatization in latin america
publisher	World Bank
publishDate	2013
url	http://hdl.handle.net/10986/15296
_version_	1764430977894973440

Empirical Evidence on Satisfaction with Privatization in Latin America

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