Privatisation and economic growth in developing countries |
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Authors: | Paul Cook Yuichiro Uchida |
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Institution: | Centre on Regulation and Competition, Institute for Development Policy and Management, University of Manchester, UK |
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Abstract: | This article re-examines the relation between privatisation and economic growth. Previous studies that have attempted to measure this relationship have concluded that privatisation has had a sizeable positive effect on economic growth. Our study uses data for 63 developing countries over the time period 1988–97. It uses the framework of an extreme-bounds analysis (EBA) to conduct a cross-country growth regression analysis. Our findings contradict earlier results, but reaffirm the view that effective competition and its regulation may need to accompany privatisation to make a positive impact on economic growth. |
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