Privatization and Nationalization Cycles

This paper studies the cycles of nationalization and privatization in resource-rich economies as a prime instance of unstable institutional reform. The authors discuss the available evidence on the drivers and consequences of privatization and nati...

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Bibliographic Details
Main Authors:	Chang, Roberto, Hevia, Constantino, Loayza, Norman
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	AGENCY COSTS AGENCY PROBLEMS ALLOCATION AUTOREGRESSION AVERAGE PRICE BARGAINING CAPITAL ACCUMULATION CAPITAL INVESTMENT CAPITAL MARKETS CARTEL COMMERCIAL ENTERPRISES COMMODITIES COMMODITY COMMODITY PRICE COMPARATIVE ADVANTAGE COPPER PRICES CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATION CURRENCY DEBT DEBTS DEMOCRACY DEPRESSION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNTED VALUE DIVIDEND DIVIDEND TAX DIVIDENDS DOMESTIC WORKERS DRIVERS DYNAMIC ECONOMY ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SITUATION EQUATIONS EQUILIBRIUM EXCHANGE SYSTEM EXPECTED UTILITY EXPORTS FIRM PERFORMANCE FOREIGN COMPANIES FOREIGN DEBT FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTOR FUNCTIONAL FORMS FUTURE RESEARCH GDP GOVERNMENT BUDGET HOLDING COMPANIES HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME TAXES INCOMES INCUMBENT INNOVATION INTEREST RATE INTERNATIONAL BUSINESS INTERNATIONAL ORGANIZATION LABOR MARKET LABOR ORGANIZATIONS LABOR POLICIES LABOR PRODUCTIVITY LABOR SUPPLY LDCS LIBERALIZATION MACROECONOMICS MARGINAL COST MARGINAL VALUE MICROECONOMIC ANALYSIS MORAL HAZARD MOTIVATION MULTIPLIERS NATIONAL INCOME NATIONALIZATION NATURAL RESOURCE NATURAL RESOURCES OUTPUT OWNERSHIP RIGHTS PARTIAL PRIVATIZATION PETROLEUM PRICES POLITICAL CONTROL POLITICAL ECONOMY POLITICAL ECONOMY OF REFORM POLITICAL ENVIRONMENT POLITICAL STABILITY POPULISM PRICE CHANGES PRICE CONTINGENCIES PRICE CONTROLS PRICE SUPPORTS PRIVATE HANDS PRIVATE OWNERSHIP PRIVATE PROPERTY PRIVATE PROPERTY RIGHTS PRIVATIZATIONS PRODUCTION FUNCTION PRODUCTION INCREASES PRODUCTION STRUCTURE PRODUCTIVITY PROPERTY RIGHTS REAL GDP REBATES RECESSION REFERENDUM REGIME CHANGE RENTS REPUBLIC RISK AVERSE RISK AVERSION RISK SHARING SALES SOCIALISM SPREAD STATIC EQUILIBRIUM SUNK COSTS SUPPLIER TAX TAX CODE TAX RATE TAX REVENUES TAX SYSTEM TAXATION TAXATION RATES TREASURY UNEMPLOYMENT VOLATILITY WAGE STRUCTURE WAGES WEALTH WORKING CONDITIONS WORLD MARKET
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090831142301 http://hdl.handle.net/10986/4227

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090831142301
http://hdl.handle.net/10986/4227

Privatization and Nationalization Cycles

Internet

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