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Privatization: Successes and Failures
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(c) 2025 Columbia University Press. All Rights reserved.
Page 7
Table of Contents
Page 9
Foreword. Joseph E. Stiglitz
Page 21
Acknowledgments
Page 25
Introduction. Gérard Roland
Page 33
1. Private and Public Ownership in Economic Theory. Gérard Roland
Page 56
2. Privatization in Western Europe: Stylized Facts, Outcomes, and Open Issues. Bernardo Bortolotti and Valentina Milella
Page 100
3. Privatization in Central and Eastern Europe and the Commonwealth of Independent States. Jan Hanousek, Evžen Kocenda, and Jan Svejnar
Page 133
4. Privatization in Africa: What Has Happened? What Is to Be Done? John Nellis
Page 160
5. Privatization in Latin America: The Good, the Ugly, and the Unfair. Antonio Estache and Lourdes Trujillo
Page 194
6. Privatization in South Asia. Nandini Gupta
Page 223
7. A Critical Review of the Evolving Privatization Debate. Jomo K. S.
Page 237
Contributors
Page 243
Index
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Table of Contents (2)
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Foreword. Joseph E. Stiglitz (12)
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Acknowledgments (4)
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Introduction. Gérard Roland (8)
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1. Private and Public Ownership in Economic Theory. Gérard Roland (23)
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2. Privatization in Western Europe: Stylized Facts, Outcomes, and Open Issues. Bernardo Bortolotti and Valentina Milella (44)
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3. Privatization in Central and Eastern Europe and the Commonwealth of Independent States. Jan Hanousek, Evžen Kocenda, and Jan Svejnar (33)
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4. Privatization in Africa: What Has Happened? What Is to Be Done? John Nellis (27)
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5. Privatization in Latin America: The Good, the Ugly, and the Unfair. Antonio Estache and Lourdes Trujillo (34)
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6. Privatization in South Asia. Nandini Gupta (29)
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7. A Critical Review of the Evolving Privatization Debate. Jomo K. S. (14)
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Contributors (6)
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Index (13)
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222 INDEX Dixit, A., 89 energy sector: Africa, 115f, 116t; Djankov, S., 92–93 Argentina, 157; India, 170, 179, Dragados, 161 194–96; Latin America, 152, D’Souza, J., 55, 56–57t, 58 152t, 161–62; Pakistan, 172, 191; Due, J., 126, 131n6 Peru, 148; Western Europe, 41. Dumontier, D. P., 59–60 See also electricity sector; oil and gas sector economic growth, 8, 46–50, 54, 76, ENI, 36, 40 203–5; CEE and CIS, 85, 91–92; Enron International, 147, 162 India, 175–77; Latin America, equilibrium theory, 9, 10–11 151; South Asia, 189, 194–96; Estache, A., 157, 158 Western Europe, 36, 59 Estonia, 83, 85t, 95 economic liberalization, 209–10 Estrin, S., 95 economic theory, 9–31; contract Ethiopia, 113t, 114f theory and information, 9–10, Eulia, 37 13–20; equilibrium theory, 9, 10–11; fl Faccio, M., 64, 69 awed nature of, xi–xii; incomplete contracts and Fantini, M., 58 ownership, 10, 20–27; industrial Feigenbaum, H., 88 organization theory, 9, 11–13 Fershtman, C., 89 Ecopetrol, 145 Filer, R., 97n4 Ecuador, 137 fi nancial and operating performance, Edison Mission Energy, 162 Western Europe, 55–60 effi t, 203; state fi nancial markets, development of: ciency effects, 7, 27, 56 reform versus privatization, 207, 210 India, 183; Latin America, 150, effi 151; Western Europe, 50–55 cient market hypothesis, 14–16 EGIS Projects, 161 fi f, 116t; nancial sector: Africa, 115 Eilat, Y., 84, 91 Brazil, 144; India, 179; Western El Salvador, 136, 137 Europe, 37, 39f, 42–43. See also electricity sector, xi; Africa, 115f, 125; banking sector Brazil, 144; Chile, 140; distribution Finland: control type, 68t; fi nancial and production and economic market development, 52, 53t, 54; theory, 11–13; India, 174, 194–96; percentage of capital sold, 63, Latin America, 152, 160; 63t; privatization trends and Nicaragua, 147; Peru, 148–49; revenues, 38f, 40; share ownership Western Europe, 36, 40, 41 diffusion, 62; size of SOE sector, Elf Aquitaine, 40 42t, 43–44 employment. See labor issues Fisher, S., 78 ENDESA, 36, 140 Florio, M., 59, 153 endogeneity of ownership, study’s fl scal ow effect, of Latin American fi failure to control for, 92–96 gains, 154, 156 ENEL, 37 Fox administration, Mexico, 141
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Privatization: Successes and Failures
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