Why Do Governments Divest?

Schipke, Alfred

doi:10.1007/978-3-642-56682-0

Cited by 35 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This suggests there is some degree of economic stabilization taken into account when the Plus-Six governments employed privatization, it was used as an economic counter cyclical device. This is in line with the empirical literature we saw from Schipke (2001); Bortolotti, Fantini, and Siniscalco (2003); Brune, Garrett, and Kogut (2004); (Meseguer (2004); Henisz, Zellner, and Guillen (2005). The statistical results confirm and cross-validate the uniqueness of the ASEAN context.…”

Section: Asean+6 Probit Modelsupporting

confidence: 91%

“…A change that permits privatization effectively softens this one-period budget constraint by providing an additional temporary source of financing. This suggests an additional motive for privatization, one that, given the short-term focus of policymakers, may more adequately capture the political enthusiasm for privatization (Schipke, 2001).…”

Section: Empirical Background and Theoretical Constructsmentioning

confidence: 99%

“…G = T + BD +BF + NDCG + PR (Schipke, 2001) The inclusion of PR in the equation gives policymakers an additional choice in pursuing their policy objectives, irrespective of whether or not privatization will affect the inter-temporal budget constraint. Ceteris paribus, as a result of privatization, policymakers can:…”

Section: Empirical Background and Theoretical Constructsmentioning

confidence: 99%

“…Lower taxes; besides re-distributive effects that allow the government to target politically influential group in society, the government could use a privatization-financed reduction in taxes to stimulate aggregate demand. The latter, of course, requires that households be non-Ricardian (Schipke, 2001;Siniscalco et al, 2003) 4. Lower the recorded and publicly visible fiscal deficit by counting privatization proceeds as revenue equivalent…”

Section: Empirical Background and Theoretical Constructsmentioning

confidence: 99%

See 3 more Smart Citations

Examining the Determinants of Privatization: The ASEAN Context

Tiaviwat¹

2020

JPAG

View full text Add to dashboard Cite

The paper examines economic, political, and institutional determinants of the propensity of privatization as well as the sensitivity of privatization under the Association of Southeast Asian Nations (ASEAN) context over the observational period from 1988 to 2008, with the Asian Financial Crisis being the median point of the observational period. This is particularly to investigate the organic progression of privatization of ASEAN nations as an isolated endogenous phenomenon. This paper, via a two-stage quantitative technique, aims to exhibit novel, and to a degree inventive insights that are unique to the context of ASEAN, as well as to identify potential policy implications directing towards how ASEAN policymakers may steer their national development policies to manufacture constructive economic, political, and institutional conditions needed to foster privatization processes. Our findings indicate that GDP per capita, current account balance, and stock market capitalization are statistically the key moving parts that contribute to the propensity of privatization as well as the sensitivity of privatization under the ASEAN context.

show abstract

Section: Asean+6 Probit Modelsupporting

confidence: 91%

Section: Empirical Background and Theoretical Constructsmentioning

confidence: 99%

Section: Empirical Background and Theoretical Constructsmentioning

confidence: 99%

Section: Empirical Background and Theoretical Constructsmentioning

confidence: 99%

See 2 more Smart Citations

Examining the Determinants of Privatization: The ASEAN Context

Tiaviwat¹

2020

JPAG

View full text Add to dashboard Cite

show abstract

“…The crux of the matter obviously is whether privatization facilitates or hinders responses to internal and external shocks. This is an essential consideration for policy makers in an open economy setting (Siebert 1992;Jackson and Price 1994;Giersch 1997;Schipke 2001). …”

Section: Overview and Evaluationmentioning

confidence: 99%

The Transfer of Property Rights from the Public to the Private Sector in Hong Kong: A Critical Assessment

Mushkat

2006

Global Economic Review

View full text Add to dashboard Cite

The privatization idea may have lost some of its luster in recent years, but it remains relevant in today's socio-economic environment and is pursued consistently in industrialized and industrializing countries alike. Hong Kong has followed the general pattern in a manner reflecting its particular circumstances and its institutional modus operandi. The underlying logic may not appear highly compelling, from a short-term perspective, yet there are sound grounds for approaching the task positively, if viewed from a multi-year standpoint. Rather surprisingly, for such a quintessentially capitalist society, Hong Kong has not confronted the privatization challenge astutely on the political front and has handled it somewhat mechanically in managerial terms. The benefits to the community may have thus been more modest than one could legitimately expect, given the historical backdrop.

show abstract