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Research Network Working Paper, 456. The effects of privatization on firms and on social welfare / Ronald Fischer
Título de serie: Research Network Working Paper, 456 Título : The effects of privatization on firms and on social welfare : the Chilean case Tipo de documento: texto impreso Autores: Ronald Fischer ; Rodrigo Gutiérrez ; Pablo Serra Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2003 Número de páginas: 106 p Idioma : Inglés Temas: ASPECTOS ECONOMICOS
ASPECTOS SOCIALES
BANCO INTERAMERICANO DE DESARROLLO
CHILE
PRIVATIZACION
SINDICATOSClasificación: 338.9 Resumen: Chile led the Latin American pack in launching its far-reaching privatization program, but the question of whether the process has made firms more profitable remains. Also unclear is whether society as a whole is better off because of privatization. This paper looks at the performance of several industries to gauge the effects of privatization on Chilean firms and social welfare. The authors’ research, which is both broad and deep, yields some surprising findings. For example, contrary to commonly-held perceptions of bloated state-run bureaucracies, the authors find that the employment ranks of regulated entities actually swelled after their ownership switched to private hands. The paper evaluates a wide range of aspects of the privatization process, from highway tolls to private pension fund returns to school vouchers, and concludes with some concrete recommendations for future improvements. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788083 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72965 Research Network Working Paper, 456. The effects of privatization on firms and on social welfare : the Chilean case [texto impreso] / Ronald Fischer ; Rodrigo Gutiérrez ; Pablo Serra . - Washington : Banco Interamericano de Desarrollo, 2003 . - 106 p.
Idioma : Inglés
Temas: ASPECTOS ECONOMICOS
ASPECTOS SOCIALES
BANCO INTERAMERICANO DE DESARROLLO
CHILE
PRIVATIZACION
SINDICATOSClasificación: 338.9 Resumen: Chile led the Latin American pack in launching its far-reaching privatization program, but the question of whether the process has made firms more profitable remains. Also unclear is whether society as a whole is better off because of privatization. This paper looks at the performance of several industries to gauge the effects of privatization on Chilean firms and social welfare. The authors’ research, which is both broad and deep, yields some surprising findings. For example, contrary to commonly-held perceptions of bloated state-run bureaucracies, the authors find that the employment ranks of regulated entities actually swelled after their ownership switched to private hands. The paper evaluates a wide range of aspects of the privatization process, from highway tolls to private pension fund returns to school vouchers, and concludes with some concrete recommendations for future improvements. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788083 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72965 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038366 338.9 RES v.456 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 458 Título : Privatization in Colombia : a plant performance analysis Tipo de documento: texto impreso Autores: Carlos Pombo ; Manuel Ramírez Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2003 Número de páginas: 67 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
INDUSTRIA ELECTRICA
INDUSTRIA MANUFACTURERA
PRIVATIZACIONClasificación: 338.9 Resumen: This paper describes the privatization program carried out in the productive sector of the Colombian economy during the 1990s. It evaluates privatization within the policy context of general market deregulation and the promotion of private investment in the provision of public infrastructure and domiciliary public services. Two case studies are explored: the manufacturing and power sectors. The paper follows the ex-post measuring and econometric analysis of a set of operative and restructuring performance indicators for the privatized firms. For manufacturing, the study sample consists of 30 large manufacturing firms of which the Instituto de Fomento Industrial was the founding or supporting partner. The main findings suggest that those firms followed pro-cyclical behavior relative to their private competitors and undertook tight plant operative restructuring. For the power sector, the paper studies the impact of regulatory reform on market entry, ownership structure, market competition, and productive efficiency of the privatized holdings. The results suggest that privatization and entry competition in power generation have had a positive effect on the privatized utilities’ efficiency and investment. With respect to thermal generation, the measurement of productive efficiency follows a data envelope analysis technique based on a sample of 33 plants that account for 85% of the installed capacity. The sample units are plants that were active before the reform and new entrants that started business operations after the reform. The main outcome shows that efficiency scores have improved after the reform and that regulatory policy has had a positive effect on productive efficiency. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788084 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72945 Research Network Working Paper, 458. Privatization in Colombia : a plant performance analysis [texto impreso] / Carlos Pombo ; Manuel Ramírez . - Washington : Banco Interamericano de Desarrollo, 2003 . - 67 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
COLOMBIA
INDUSTRIA ELECTRICA
INDUSTRIA MANUFACTURERA
PRIVATIZACIONClasificación: 338.9 Resumen: This paper describes the privatization program carried out in the productive sector of the Colombian economy during the 1990s. It evaluates privatization within the policy context of general market deregulation and the promotion of private investment in the provision of public infrastructure and domiciliary public services. Two case studies are explored: the manufacturing and power sectors. The paper follows the ex-post measuring and econometric analysis of a set of operative and restructuring performance indicators for the privatized firms. For manufacturing, the study sample consists of 30 large manufacturing firms of which the Instituto de Fomento Industrial was the founding or supporting partner. The main findings suggest that those firms followed pro-cyclical behavior relative to their private competitors and undertook tight plant operative restructuring. For the power sector, the paper studies the impact of regulatory reform on market entry, ownership structure, market competition, and productive efficiency of the privatized holdings. The results suggest that privatization and entry competition in power generation have had a positive effect on the privatized utilities’ efficiency and investment. With respect to thermal generation, the measurement of productive efficiency follows a data envelope analysis technique based on a sample of 33 plants that account for 85% of the installed capacity. The sample units are plants that were active before the reform and new entrants that started business operations after the reform. The main outcome shows that efficiency scores have improved after the reform and that regulatory policy has had a positive effect on productive efficiency. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788084 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72945 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038363 338.9 RES v.458 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 459. Decentralization and fiscal discipline in subnational governments / Fernando Filgueira
Título de serie: Research Network Working Paper, 459 Título : Decentralization and fiscal discipline in subnational governments : the bailout problem in Uruguay Tipo de documento: texto impreso Autores: Fernando Filgueira ; Herman Kamil ; Fernando Lorenzo ; Juan Andrés Moraes ; Andrés Rius Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 52 p Idioma : Inglés Temas: ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
DESCENTRALIZACION
DEUDA PUBLICA
GOBIERNO
POLITICA ECONOMICA
URUGUAYClasificación: 338.9 Resumen: This paper analyzes the reasons behind Central Government (CG) bailouts of Subnational Governments (SNGs) in the case of Uruguay. We argued that Uruguay represents a good example of the risks of fiscal decentralization, in the context of adjustment policies, and when SNGs' responsibilities and resources have not been carefully defined. We show that, in unitary countries where SNGs lack the opportunities to misbehave that they have in federal countries (e.g., public debt issuance, international borrowing), SNG officials find ways to finance deficits through non-compliance with politically contestable obligations. In particular, SNGs in Uruguay finance their deficits by accumulating debts with other government agencies and obtaining discretionary transfers from the CG. Through statistical analyses we show that debts and deficits are mainly related to vertical fiscal imbalances and economic conditions in the SN jurisdictions. Yet, the analysis of recent bailout episodes suggests that institutions and political factors play a role (i.e., they are important ex-post factors). This implies that bailouts have been more than simple compensations for structural imbalances, thus creating opportunities for strategic behavior on the part of SNG authorities (partly confirmed by the disparate fiscal performance of Montevideo vis-à-vis the rest of the country). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788085 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73035 Research Network Working Paper, 459. Decentralization and fiscal discipline in subnational governments : the bailout problem in Uruguay [texto impreso] / Fernando Filgueira ; Herman Kamil ; Fernando Lorenzo ; Juan Andrés Moraes ; Andrés Rius . - Washington : Banco Interamericano de Desarrollo, 2002 . - 52 p.
Idioma : Inglés
Temas: ASPECTOS FISCALES
BANCO INTERAMERICANO DE DESARROLLO
DESCENTRALIZACION
DEUDA PUBLICA
GOBIERNO
POLITICA ECONOMICA
URUGUAYClasificación: 338.9 Resumen: This paper analyzes the reasons behind Central Government (CG) bailouts of Subnational Governments (SNGs) in the case of Uruguay. We argued that Uruguay represents a good example of the risks of fiscal decentralization, in the context of adjustment policies, and when SNGs' responsibilities and resources have not been carefully defined. We show that, in unitary countries where SNGs lack the opportunities to misbehave that they have in federal countries (e.g., public debt issuance, international borrowing), SNG officials find ways to finance deficits through non-compliance with politically contestable obligations. In particular, SNGs in Uruguay finance their deficits by accumulating debts with other government agencies and obtaining discretionary transfers from the CG. Through statistical analyses we show that debts and deficits are mainly related to vertical fiscal imbalances and economic conditions in the SN jurisdictions. Yet, the analysis of recent bailout episodes suggests that institutions and political factors play a role (i.e., they are important ex-post factors). This implies that bailouts have been more than simple compensations for structural imbalances, thus creating opportunities for strategic behavior on the part of SNG authorities (partly confirmed by the disparate fiscal performance of Montevideo vis-à-vis the rest of the country). En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788085 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73035 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038432 338.9 RES v.459 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 460. Access to long term debt and effects on firms' performance / Fidel Jaramillo
Título de serie: Research Network Working Paper, 460 Título : Access to long term debt and effects on firms' performance : lessons from Ecuador Tipo de documento: texto impreso Autores: Fidel Jaramillo ; Fabio Schiantarelli Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 35 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
ECUADOR
INVERSIONESClasificación: 338.9 Resumen: This paper documents the maturity structure of firms' debt in Ecuador and discusses how it has been affected by government intervention in credit markets and by financial liberalization. Using firm-level panel data, we then investigate the determinants of access to long-term debt. Finally, we provide evidence on the impact of the maturity structure of debt on firms' performance, in particular on productivity and capital accumulation. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788086 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73005 Research Network Working Paper, 460. Access to long term debt and effects on firms' performance : lessons from Ecuador [texto impreso] / Fidel Jaramillo ; Fabio Schiantarelli . - Washington : Banco Interamericano de Desarrollo, 2002 . - 35 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
ECUADOR
INVERSIONESClasificación: 338.9 Resumen: This paper documents the maturity structure of firms' debt in Ecuador and discusses how it has been affected by government intervention in credit markets and by financial liberalization. Using firm-level panel data, we then investigate the determinants of access to long-term debt. Finally, we provide evidence on the impact of the maturity structure of debt on firms' performance, in particular on productivity and capital accumulation. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788086 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73005 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038394 338.9 RES v.460 Libro Colección Biblioteca Central Disponible
Título de serie: Research Network Working Paper, 461 Título : Privatization in Bolivia : the impact on firm performance Tipo de documento: texto impreso Autores: Mauricio Garrón B. ; Carlos Gustavo Machicado ; Katherina Capra Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2003 Número de páginas: 60 p Idioma : Inglés Temas: BANCO INTERAMERICANO DE DESARROLLO
BOLIVIA
INDUSTRIA MANUFACTURERA
PRIVATIZACIONClasificación: 338.9 Resumen: This report studies the change in performance of Bolivian State Owned Enterprises (SOEs) that have been transferred to the private sector. The paper focuses particularly on how ownership affects management by measuring the characteristics of management and relating them to both ownership structure and performance. It argues that the characteristics of private management that follow privatization are a key factor in determining the effects of privatization on performance. To determine the impact of privatization on the performance of the 31 firms studied, the authors performed two ratio analyses, one with unadjusted and the other with adjusted ratios. For this purpose, they undertook two regression analyses, one with panel data and the other with a cross section analysis. Two methods were used to conduct privatization of Bolivian SOEs, and the process took place in three stages. The methods were traditional, or standard, privatization and capitalization. Traditional privatization consisted of the complete transfer (assets and shares) to the private sector of companies operating in competitive markets. Capitalization involved attracting private firms to invest in and manage key SOEs. SOEs were not sold outright. Instead, private investors gained managerial control but no more than 50 percent of equity. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788087 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72938 Research Network Working Paper, 461. Privatization in Bolivia : the impact on firm performance [texto impreso] / Mauricio Garrón B. ; Carlos Gustavo Machicado ; Katherina Capra . - Washington : Banco Interamericano de Desarrollo, 2003 . - 60 p.
Idioma : Inglés
Temas: BANCO INTERAMERICANO DE DESARROLLO
BOLIVIA
INDUSTRIA MANUFACTURERA
PRIVATIZACIONClasificación: 338.9 Resumen: This report studies the change in performance of Bolivian State Owned Enterprises (SOEs) that have been transferred to the private sector. The paper focuses particularly on how ownership affects management by measuring the characteristics of management and relating them to both ownership structure and performance. It argues that the characteristics of private management that follow privatization are a key factor in determining the effects of privatization on performance. To determine the impact of privatization on the performance of the 31 firms studied, the authors performed two ratio analyses, one with unadjusted and the other with adjusted ratios. For this purpose, they undertook two regression analyses, one with panel data and the other with a cross section analysis. Two methods were used to conduct privatization of Bolivian SOEs, and the process took place in three stages. The methods were traditional, or standard, privatization and capitalization. Traditional privatization consisted of the complete transfer (assets and shares) to the private sector of companies operating in competitive markets. Capitalization involved attracting private firms to invest in and manage key SOEs. SOEs were not sold outright. Instead, private investors gained managerial control but no more than 50 percent of equity. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788087 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72938 Reserva
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Inventario Ubicación en el estante Tipo de medio Sección Ubicación Estado 038362 338.9 RES v.461 Libro Colección Biblioteca Central Disponible Research Network Working Paper, 462. Investment equations and financial restrictions at firm level / Julio De BrunPermalinkResearch Network Working Paper, 463. The economic effects of unions in Latin America / M. Victoria MurilloPermalinkResearch Network Working Paper, 464. Unions and the economic performanceof Brazilian establishments / Naercio Menezes FilhoPermalinkResearch Network Working Paper, 465. Union density changes and union effects On firm performance in Peru / Jaime SaavedraPermalinkResearch Network Working Paper, 466. The economic effects of unions in Latin America / Adriana CassoniPermalinkResearch Network Working Paper, 467. Decentralization, fiscal discipline in sub-national governments and the bailout problem / Juan Pablo NicoliniPermalinkResearch Network Working Paper, 468. Adolescents and young adults in Latin America, critical decisions at a critical age / Josefina Bruni CelliPermalinkPermalinkResearch Network Working Paper, 470. Adolescents in Latin America and the Caribbean / Naercio Menezes FilhoPermalinkPermalinkPermalinkResearch Network Working Paper, 474. Teacher unionization and the quality of education in Peru / Eduardo ZegarraPermalinkResearch Network Working Paper, 475. Bailouts in Costa Rica as a result of government centralization and discretionary transfers / Luis J. HallPermalinkResearch Network Working Paper, 479. The impact of trade liberalization on employment, capital, and productivity dynamics / Carlos CasacubertaPermalinkResearch Network Working Paper, 480. The elasticity of substitution in demand for non-tradable goods in Uruguay / Fernando LorenzoPermalinkPermalinkResearch Network Working Paper, 484. The impact of public and private job training in Colombia / Carlos MedinaPermalinkPermalinkResearch Network Working Paper, 487. An empirical examination of Union Density in six countires / Susan JohnsonPermalinkResearch Network Working Paper, 488. The elasticity of substitution in demand for non-tradable goods in Bolivia / Gover Barja DazaPermalink